WillScot Mobile Mini (NASDAQ:WSC) Price Target Cut to $45.00

WillScot Mobile Mini (NASDAQ:WSC) had its price target trimmed by Robert W. Baird from $55.00 to $45.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also issued reports on WSC. Oppenheimer increased their price target on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an outperform rating in a research report on Friday, January 19th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the company a buy rating in a research report on Tuesday, January 30th. Barclays raised their price objective on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the company an overweight rating in a research report on Wednesday, February 28th. Jefferies Financial Group lowered shares of WillScot Mobile Mini from a buy rating to a hold rating and cut their price objective for the company from $58.00 to $42.00 in a research report on Monday, April 1st. Finally, Morgan Stanley initiated coverage on shares of WillScot Mobile Mini in a research report on Monday, January 8th. They set an equal weight rating and a $45.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $51.13.

WillScot Mobile Mini Price Performance

WSC stock opened at $37.96 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 2.81. WillScot Mobile Mini has a one year low of $34.40 and a one year high of $52.16. The firm has a market capitalization of $7.21 billion, a PE ratio of 16.29, a P/E/G ratio of 0.89 and a beta of 1.34. The firm has a 50-day moving average of $44.80 and a two-hundred day moving average of $43.22.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $612.38 million during the quarter, compared to analysts’ expectations of $619.63 million. WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. WillScot Mobile Mini’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. On average, analysts forecast that WillScot Mobile Mini will post 1.98 earnings per share for the current year.

Insider Buying and Selling at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz acquired 5,000 shares of the stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of $47.76 per share, for a total transaction of $238,800.00. Following the completion of the purchase, the chief executive officer now owns 13,869 shares in the company, valued at approximately $662,383.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other WillScot Mobile Mini news, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini stock in a transaction on Friday, March 8th. The shares were sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the sale, the director now owns 2,420,905 shares in the company, valued at $114,992,987.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $47.76 per share, for a total transaction of $238,800.00. Following the purchase, the chief executive officer now directly owns 13,869 shares of the company’s stock, valued at $662,383.44. The disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On WillScot Mobile Mini

Institutional investors have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC acquired a new position in WillScot Mobile Mini in the third quarter worth $25,000. Bourgeon Capital Management LLC lifted its position in WillScot Mobile Mini by 1,063.6% during the 4th quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock worth $28,000 after buying an additional 585 shares in the last quarter. Quarry LP bought a new stake in WillScot Mobile Mini during the 4th quarter worth about $38,000. TFO Wealth Partners LLC increased its position in WillScot Mobile Mini by 6,578.6% in the 4th quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock valued at $42,000 after acquiring an additional 921 shares in the last quarter. Finally, CWM LLC raised its stake in shares of WillScot Mobile Mini by 65.5% in the third quarter. CWM LLC now owns 1,291 shares of the company’s stock worth $54,000 after acquiring an additional 511 shares during the last quarter. 95.81% of the stock is owned by institutional investors.

About WillScot Mobile Mini

WillScot Mobile Mini Holdings Corp. 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.