WillScot Mobile Mini (NASDAQ:WSC) Hits New 1-Year Low – Here’s Why

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $32.57 and last traded at $33.13, with a volume of 41098 shares traded. The stock had previously closed at $32.93.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WSC shares. Barclays dropped their target price on shares of 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. Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their target price 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 WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

WillScot Mobile Mini Stock Performance

The stock’s 50 day moving average is $37.09 and its two-hundred day moving average is $37.74. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 305.30, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data 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 return on equity of 23.97% and a net margin of 1.05%. The firm had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. During the same period in the prior year, the company earned $0.46 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. Analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

Insider Buying and Selling at WillScot Mobile Mini

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in WillScot Mobile Mini in the third quarter valued at about $25,000. Hexagon Capital Partners LLC increased its stake in WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after acquiring an additional 600 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in WillScot Mobile Mini during the third quarter valued at approximately $36,000. Summit Securities Group LLC bought a new stake in WillScot Mobile Mini during the second quarter worth $56,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of WillScot Mobile Mini by 16.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after purchasing an additional 302 shares in the last quarter. 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.