Robert W. Baird Lowers WillScot Mobile Mini (NASDAQ:WSC) Price Target to $38.00

WillScot Mobile Mini (NASDAQ:WSC) had its target price decreased by equities researchers at Robert W. Baird from $42.00 to $38.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 4.00% from the company’s previous close.

Several other research firms also recently issued reports on WSC. DA Davidson dropped their price objective on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Stifel Nicolaus cut their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Oppenheimer decreased their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Bank of America cut their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their target price for the stock from $46.00 to $35.00 in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $45.00.

WillScot Mobile Mini Price Performance

NASDAQ WSC opened at $36.54 on Thursday. The stock has a 50-day simple moving average of $37.97 and a 200 day simple moving average of $38.27. WillScot Mobile Mini has a twelve month low of $32.71 and a twelve month high of $52.16. The stock has a market capitalization of $6.89 billion, a PE ratio of 332.18, a P/E/G ratio of 1.25 and a beta of 1.35. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91.

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). WillScot Mobile Mini had a return on equity of 22.99% and a net margin of 1.05%. The business had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. During the same quarter last year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Research analysts anticipate that WillScot Mobile Mini will post 1.76 EPS for the current year.

Insider Transactions at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $38.97 per share, with a total value of $194,850.00. Following the completion of the acquisition, the chief executive officer now owns 149,686 shares in the company, valued at approximately $5,833,263.42. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.30% of the stock is owned by insiders.

Institutional Trading of WillScot Mobile Mini

Several large investors have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in shares of WillScot Mobile Mini in the third quarter valued at approximately $25,000. Hexagon Capital Partners LLC increased its stake in shares of WillScot Mobile Mini by 200.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after buying an additional 600 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of WillScot Mobile Mini during the third quarter worth $36,000. Fidelis Capital Partners LLC acquired a new position in shares of WillScot Mobile Mini during the first quarter valued at $55,000. Finally, Summit Securities Group LLC bought a new position in WillScot Mobile Mini in the second quarter valued at about $56,000. 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.