Deutsche Bank Aktiengesellschaft Downgrades WillScot Mobile Mini (NASDAQ:WSC) to Hold

Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini (NASDAQ:WSC) from a buy rating to a hold rating in a research report report published on Thursday, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $35.00 price target on the stock, down from their prior price target of $46.00.

A number of other equities analysts also recently issued reports on the stock. Oppenheimer decreased their price target on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus lowered their target price on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Bank of America reduced their price target on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Barclays lowered WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $50.00 to $44.00 in a research report on Thursday, September 19th. Finally, DA Davidson reduced their target price on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.00.

WillScot Mobile Mini Trading Up 10.3 %

NASDAQ WSC opened at $36.54 on Thursday. The stock has a market cap of $6.89 billion, a P/E ratio of 332.21, a price-to-earnings-growth ratio of 1.08 and a beta of 1.37. WillScot Mobile Mini has a fifty-two week low of $32.71 and a fifty-two week high of $52.16. The stock has a 50 day simple moving average of $37.97 and a two-hundred day simple moving average of $38.25. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.83 and a current ratio of 0.90.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The business had revenue of $601.43 million during the quarter, compared to analysts’ expectations of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. On average, analysts forecast that WillScot Mobile Mini will post 1.73 earnings per share for the current year.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz bought 5,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the purchase, the chief executive officer now owns 149,686 shares in the company, valued at approximately $5,833,263.42. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in WillScot Mobile Mini during the third quarter valued at approximately $25,000. Hexagon Capital Partners LLC lifted its holdings in shares of WillScot Mobile Mini by 200.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after buying an additional 600 shares during the period. Financial Management Professionals Inc. purchased a new position in shares of WillScot Mobile Mini in the 3rd quarter worth $36,000. Fidelis Capital Partners LLC bought a new stake in shares of WillScot Mobile Mini in the first quarter worth $55,000. Finally, Summit Securities Group LLC purchased a new stake in WillScot Mobile Mini during the second quarter valued at $56,000. 95.81% of the stock is owned by institutional investors.

WillScot Mobile Mini Company Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.