Barclays Has Lowered Expectations for WillScot Mobile Mini (NASDAQ:WSC) Stock Price

WillScot Mobile Mini (NASDAQ:WSC) had its price target cut by Barclays from $44.00 to $40.00 in a report issued on Friday, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other brokerages also recently commented on WSC. Oppenheimer reduced their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Bank of America lowered their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. DA Davidson lowered their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Robert W. Baird lowered their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Baird R W lowered WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, WillScot Mobile Mini has an average rating of “Hold” and an average price target of $45.00.

WillScot Mobile Mini Trading Up 0.9 %

Shares of WillScot Mobile Mini stock opened at $36.86 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 335.12, a price-to-earnings-growth ratio of 1.08 and a beta of 1.37. The business has a fifty day simple moving average of $37.92 and a 200-day simple moving average of $38.25. WillScot Mobile Mini has a fifty-two week low of $32.71 and a fifty-two week high of $52.16.

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

Insider Buying and Selling

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was acquired at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the transaction, the chief executive officer now directly 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 filing with the SEC, which is available at this hyperlink. 3.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

About WillScot Mobile Mini

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.