WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $45.50 Consensus Target Price from Analysts

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has earned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $45.50.

A number of research analysts have recently weighed in on the stock. Barclays cut their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Robert W. Baird cut their price target on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price target for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st.

WillScot Mobile Mini Stock Performance

Shares of WSC stock opened at $38.86 on Thursday. WillScot Mobile Mini has a 12 month low of $32.57 and a 12 month high of $52.16. The firm has a market capitalization of $7.18 billion, a P/E ratio of 353.30, a P/E/G ratio of 2.04 and a beta of 1.40. The company’s fifty day moving average price is $35.95 and its two-hundred day moving average price is $37.26. 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 quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). The firm had revenue of $601.43 million during the quarter, compared to analysts’ expectations of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. On average, research analysts anticipate that WillScot Mobile Mini will post 1.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other WillScot Mobile Mini news, Director Gerard E. Holthaus acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average price of $34.99 per share, for a total transaction of $174,950.00. Following the acquisition, the director now directly owns 411,221 shares in the company, valued at $14,388,622.79. This represents a 1.23 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $107,329.00. Following the transaction, the insider now owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 15,000 shares of company stock worth $533,900 and have sold 36,959 shares worth $1,382,636. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

Several large investors have recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in WillScot Mobile Mini during the 3rd quarter worth $25,000. Hexagon Capital Partners LLC boosted its holdings in WillScot Mobile Mini by 200.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after acquiring an additional 600 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of WillScot Mobile Mini during the 3rd quarter worth $36,000. First Horizon Advisors Inc. raised its stake in shares of WillScot Mobile Mini by 16.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after purchasing an additional 302 shares during the period. Finally, KBC Group NV raised its stake in shares of WillScot Mobile Mini by 14.7% during the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after purchasing an additional 655 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

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.