WillScot Mobile Mini (NASDAQ:WSC) Price Target Cut to $32.00 by Analysts at Robert W. Baird

WillScot Mobile Mini (NASDAQ:WSC) had its price target lowered by Robert W. Baird from $38.00 to $32.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.67.

WillScot Mobile Mini Trading Up 6.0 %

Shares of WSC stock opened at $29.76 on Monday. The stock has a 50-day moving average of $35.42 and a 200-day moving average of $36.64. WillScot Mobile Mini has a 1-year low of $27.58 and a 1-year high of $47.18. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 198.41, a PEG ratio of 2.18 and a beta of 1.45. 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 released its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The business had revenue of $602.52 million during the quarter, compared to analysts’ expectations of $606.55 million. On average, equities research analysts forecast that WillScot Mobile Mini will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Announces Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. WillScot Mobile Mini’s payout ratio is currently 186.67%.

Insiders Place Their Bets

In other news, insider Graeme Parkes sold 2,900 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the transaction, the insider now owns 72,818 shares in the company, valued at $2,694,994.18. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WSC. Verdence Capital Advisors LLC lifted its holdings in shares of WillScot Mobile Mini by 4.9% in the third quarter. Verdence Capital Advisors LLC now owns 20,210 shares of the company’s stock valued at $760,000 after purchasing an additional 936 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in WillScot Mobile Mini by 1.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 65,320 shares of the company’s stock worth $2,456,000 after acquiring an additional 1,220 shares during the period. Weil Company Inc. bought a new stake in WillScot Mobile Mini during the third quarter worth $366,000. WCM Investment Management LLC lifted its holdings in WillScot Mobile Mini by 0.4% during the third quarter. WCM Investment Management LLC now owns 426,255 shares of the company’s stock worth $16,441,000 after acquiring an additional 1,887 shares during the period. Finally, Entropy Technologies LP bought a new stake in WillScot Mobile Mini during the third quarter worth $613,000. 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.