Barclays Lowers WillScot Mobile Mini (NASDAQ:WSC) to Equal Weight

WillScot Mobile Mini (NASDAQ:WSC) was downgraded by research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Thursday, Marketbeat Ratings reports. They currently have a $44.00 price objective on the stock, down from their prior price objective of $50.00. Barclays‘s price objective points to a potential upside of 12.33% from the company’s current price.

A number of other brokerages have also recently issued reports on WSC. Bank of America decreased their price objective on shares of 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. DA Davidson lowered their price target on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. Oppenheimer reduced their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Stifel Nicolaus cut their target price on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.90.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock opened at $39.17 on Thursday. The stock’s fifty day moving average price is $38.18 and its two-hundred day moving average price is $39.86. The firm has a market cap of $7.38 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. WillScot Mobile Mini has a one year low of $33.23 and a one year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $604.59 million during the quarter, compared to analyst estimates of $614.85 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. As a group, research analysts expect that WillScot Mobile Mini will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, September 18th. The shares were bought at an average cost of $38.97 per share, with a total value of $194,850.00. Following the purchase, the chief executive officer now owns 149,686 shares in the company, valued at approximately $5,833,263.42. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On WillScot Mobile Mini

Several institutional investors and hedge funds have recently made changes to their positions in WSC. Brevan Howard Capital Management LP acquired a new stake in WillScot Mobile Mini in the fourth quarter worth $2,268,000. Norden Group LLC grew its stake in shares of WillScot Mobile Mini by 2,181.8% in the 1st quarter. Norden Group LLC now owns 129,330 shares of the company’s stock valued at $6,014,000 after buying an additional 123,662 shares during the period. Ranger Investment Management L.P. bought a new stake in WillScot Mobile Mini in the 4th quarter valued at about $14,196,000. Sei Investments Co. increased its position in WillScot Mobile Mini by 74.4% in the 1st quarter. Sei Investments Co. now owns 640,720 shares of the company’s stock valued at $29,793,000 after buying an additional 273,431 shares in the last quarter. Finally, Bank of Nova Scotia raised its stake in WillScot Mobile Mini by 1,480.8% during the 4th quarter. Bank of Nova Scotia now owns 169,308 shares of the company’s stock worth $7,534,000 after buying an additional 158,598 shares during the period. Institutional investors own 95.81% of the company’s stock.

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.