WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $45.00 Average Target Price from Analysts

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $45.00.

A number of analysts recently weighed in on WSC shares. Barclays lowered their target price on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Baird R W cut shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Robert W. Baird decreased their price objective 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.

WillScot Mobile Mini Trading Up 1.2 %

NASDAQ:WSC opened at $39.16 on Wednesday. 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 company’s 50 day moving average is $37.39 and its 200-day moving average is $38.03. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 356.03, a P/E/G ratio of 2.37 and a beta of 1.38. WillScot Mobile Mini has a 12 month low of $32.71 and a 12 month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 23.97% and a net margin of 1.05%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. Equities analysts anticipate that WillScot Mobile Mini will post 1.53 EPS for the current year.

Insider Buying and Selling

In other WillScot Mobile Mini news, EVP Hezron T. Lopez sold 20,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $39.38, for a total value of $787,600.00. Following the completion of the sale, the executive vice president now directly owns 57,918 shares in the company, valued at $2,280,810.84. This represents a 25.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sally J. Shanks sold 14,059 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.69, for a total value of $487,706.71. Following the sale, the chief accounting officer now directly owns 26,113 shares of the company’s stock, valued at approximately $905,859.97. The trade was a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought 20,000 shares of company stock valued at $728,750 in the last 90 days. 3.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WSC. Sunbelt Securities Inc. increased its stake in WillScot Mobile Mini by 15,389.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company’s stock valued at $2,023,000 after buying an additional 53,400 shares during the last quarter. Swedbank AB increased its position in shares of WillScot Mobile Mini by 15.7% in the second quarter. Swedbank AB now owns 980,000 shares of the company’s stock valued at $36,887,000 after acquiring an additional 133,000 shares during the last quarter. Douglass Winthrop Advisors LLC raised its holdings in WillScot Mobile Mini by 32.4% during the third quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company’s stock worth $6,209,000 after acquiring an additional 40,393 shares in the last quarter. Bislett Management LLC raised its holdings in WillScot Mobile Mini by 3.1% during the third quarter. Bislett Management LLC now owns 1,170,000 shares of the company’s stock worth $43,992,000 after acquiring an additional 35,000 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in WillScot Mobile Mini by 2.6% during the second quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock valued at $221,591,000 after purchasing an additional 148,973 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

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.