WillScot Mobile Mini (NASDAQ:WSC) Stock Price Up 3.8%

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) rose 3.8% during trading on Friday . The stock traded as high as $40.43 and last traded at $40.32. Approximately 995,903 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 2,029,552 shares. The stock had previously closed at $38.85.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WSC. DA Davidson cut their price objective on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research 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 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 report on Friday, August 2nd. Barclays downgraded WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $50.00 to $44.00 in a report on Thursday. Finally, Stifel Nicolaus decreased their price target 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. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.90.

WillScot Mobile Mini Stock Performance

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 market cap of $7.49 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36. The stock has a 50-day moving average of $38.20 and a 200-day moving average of $39.85.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.39 EPS for the quarter, missing the consensus estimate 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 company 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 firm earned $0.43 earnings per share. WillScot Mobile Mini’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.76 EPS for the current fiscal year.

Insider Transactions at WillScot Mobile Mini

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

Hedge Funds Weigh In On WillScot Mobile Mini

Several institutional investors have recently bought and sold shares of WSC. Baupost Group LLC MA bought a new position in shares of WillScot Mobile Mini during the 2nd quarter valued at about $92,971,000. William Blair Investment Management LLC boosted its holdings in shares of WillScot Mobile Mini by 102.9% during the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after buying an additional 2,355,445 shares in the last quarter. Norges Bank bought a new stake in shares of WillScot Mobile Mini in the 4th quarter worth approximately $101,809,000. Boston Partners increased its holdings in shares of WillScot Mobile Mini by 66.0% during the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock valued at $251,118,000 after acquiring an additional 2,159,958 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake 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 worth $181,630,000 after buying an additional 2,063,746 shares in the last quarter. 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.