WillScot Mobile Mini (NASDAQ:WSC) Price Target Lowered to $38.00 at Oppenheimer

WillScot Mobile Mini (NASDAQ:WSC) had its price target lowered by Oppenheimer from $41.00 to $38.00 in a report released on Monday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also recently commented on the company. Robert W. Baird reduced their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday. 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 report on Tuesday, December 17th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.67.

WillScot Mobile Mini Stock Up 6.0 %

Shares of WSC stock opened at $29.76 on Monday. The stock has a market cap of $5.46 billion, a P/E ratio of 198.41, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini has a one year low of $27.58 and a one year high of $47.18. The stock has a fifty day moving average price of $35.42 and a 200 day moving average price of $36.64. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC) last issued 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. The firm had revenue of $602.52 million during the quarter, compared to analysts’ expectations of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. Analysts predict that WillScot Mobile Mini will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio (DPR) is presently 186.67%.

Insider Activity

In related news, insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the completion of the sale, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Institutional Trading of WillScot Mobile Mini

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in WillScot Mobile Mini by 34.4% in the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company’s stock worth $345,020,000 after purchasing an additional 2,639,559 shares during the period. William Blair Investment Management LLC increased its position in WillScot Mobile Mini by 13.6% in the fourth quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company’s stock worth $185,831,000 after purchasing an additional 664,805 shares during the period. FMR LLC increased its position in WillScot Mobile Mini by 12.0% in the fourth quarter. FMR LLC now owns 5,554,101 shares of the company’s stock worth $185,785,000 after purchasing an additional 595,063 shares during the period. Capital International Investors increased its position in WillScot Mobile Mini by 20.3% in the fourth quarter. Capital International Investors now owns 5,307,738 shares of the company’s stock worth $177,544,000 after purchasing an additional 897,184 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in WillScot Mobile Mini by 4.8% during the fourth quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company’s stock worth $161,641,000 after buying an additional 223,462 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

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.