WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $47.90.

A number of equities research analysts recently issued reports on the stock. Barclays cut shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $50.00 to $44.00 in a research report on Thursday. DA Davidson decreased their price objective on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Oppenheimer decreased their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. 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 report on Friday, August 2nd. Finally, Stifel Nicolaus decreased their price objective on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, August 2nd.

Insider Activity at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the transaction, the chief executive officer now directly owns 149,686 shares of the company’s stock, valued at approximately $5,833,263.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.30% of the stock is currently owned by corporate insiders.

Institutional Trading of WillScot Mobile Mini

Several hedge funds have recently bought and sold shares of WSC. Baupost Group LLC MA acquired a new stake in WillScot Mobile Mini during the 2nd quarter worth approximately $92,971,000. William Blair Investment Management LLC raised its holdings in shares of WillScot Mobile Mini by 102.9% in the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after purchasing an additional 2,355,445 shares during the last quarter. Norges Bank acquired a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $101,809,000. Boston Partners raised its holdings in shares of WillScot Mobile Mini by 66.0% in the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock valued at $251,118,000 after purchasing an additional 2,159,958 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of WillScot Mobile Mini by 112.0% in the first quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock valued at $181,630,000 after purchasing an additional 2,063,746 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Trading Down 0.8 %

Shares of WSC stock opened at $38.85 on Friday. WillScot Mobile Mini has a 52-week low of $33.23 and a 52-week high of $52.16. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 1.36 and a beta of 1.36. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a fifty day moving average of $38.20 and a 200-day moving average of $39.85.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The business had revenue of $604.59 million during the quarter, compared to analyst estimates of $614.85 million. During the same quarter in the prior year, the company posted $0.43 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts forecast that WillScot Mobile Mini will post 1.76 earnings per share for the current fiscal year.

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.