WillScot Mobile Mini (NASDAQ:WSC) Stock Rating Upgraded by Morgan Stanley

WillScot Mobile Mini (NASDAQ:WSC) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday, MarketBeat.com reports. The firm presently has a $50.00 price objective on the stock, up from their prior price objective of $40.00. Morgan Stanley’s price objective indicates a potential upside of 46.20% from the company’s current price.

A number of other research firms have also recently weighed in on WSC. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Robert W. Baird decreased their price target on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Barclays cut their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Finally, Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.50.

WillScot Mobile Mini Stock Performance

Shares of WSC stock opened at $34.20 on Tuesday. WillScot Mobile Mini has a 52-week low of $32.71 and a 52-week high of $52.16. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The stock has a market cap of $6.32 billion, a PE ratio of 310.94, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The business has a 50-day simple moving average of $37.21 and a 200-day simple moving average of $37.82.

WillScot Mobile Mini (NASDAQ:WSC) last posted its 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). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The firm had revenue of $601.43 million for the quarter, compared to analysts’ expectations of $617.83 million. During the same period last year, the firm earned $0.46 earnings per share. WillScot Mobile Mini’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts expect that WillScot Mobile Mini will post 1.53 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Hezron T. Lopez sold 20,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.38, for a total value of $787,600.00. Following the sale, the executive vice president now directly owns 57,918 shares in the company, valued at $2,280,810.84. The trade was a 25.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradley Lee Soultz bought 5,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were acquired at an average price of $36.38 per share, with a total value of $181,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 144,686 shares in the company, valued at $5,263,676.68. This represents a 3.58 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 15,000 shares of company stock worth $533,900 and have sold 36,959 shares worth $1,382,636. Insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On WillScot Mobile Mini

A number of institutional investors have recently made changes to their positions in WSC. CWM LLC raised its position in shares of WillScot Mobile Mini by 80.3% in the second quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $62,000 after buying an additional 728 shares during the last quarter. Raymond James & Associates raised its holdings in WillScot Mobile Mini by 73.2% in the 2nd quarter. Raymond James & Associates now owns 250,824 shares of the company’s stock valued at $9,441,000 after acquiring an additional 105,992 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of WillScot Mobile Mini by 30.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,836 shares of the company’s stock worth $69,000 after purchasing an additional 432 shares during the period. American National Bank acquired a new stake in shares of WillScot Mobile Mini during the second quarter worth $66,000. Finally, Secure Asset Management LLC grew its position in shares of WillScot Mobile Mini by 8.6% in the second quarter. Secure Asset Management LLC now owns 27,377 shares of the company’s stock valued at $1,030,000 after purchasing an additional 2,178 shares during the period. 95.81% of the stock is owned by institutional investors and hedge funds.

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.