WillScot Mobile Mini (NASDAQ:WSC) Price Target Cut to $54.00

WillScot Mobile Mini (NASDAQ:WSC) had its price objective reduced by DA Davidson from $56.00 to $54.00 in a research report report published on Tuesday, Benzinga reports. DA Davidson currently has a buy rating on the stock.

A number of other equities analysts have also commented on WSC. Morgan Stanley began coverage on WillScot Mobile Mini in a research note on Monday, January 8th. They issued an equal weight rating and a $45.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a buy rating in a report on Tuesday, January 30th. Wells Fargo & Company boosted their target price on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an overweight rating in a research note on Wednesday, February 21st. Jefferies Financial Group cut shares of WillScot Mobile Mini from a buy rating to a hold rating and decreased their price target for the company from $58.00 to $42.00 in a research note on Monday, April 1st. Finally, Oppenheimer restated an outperform rating and issued a $53.00 price objective (down previously from $60.00) on shares of WillScot Mobile Mini in a research report on Monday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $51.00.

WillScot Mobile Mini Stock Up 3.1 %

WSC opened at $40.57 on Tuesday. WillScot Mobile Mini has a twelve month low of $34.40 and a twelve month high of $52.16. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 0.93 and a beta of 1.36. The firm’s 50-day simple moving average is $42.75 and its 200-day simple moving average is $42.99. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.89 and a current ratio of 0.97.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The firm had revenue of $587.18 million for the quarter, compared to analyst estimates of $579.98 million. WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 EPS. Equities research analysts anticipate that WillScot Mobile Mini will post 1.93 EPS for the current fiscal year.

Insider Activity at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of $38.44 per share, for a total transaction of $192,200.00. Following the completion of the purchase, the chief executive officer now directly owns 157,771 shares in the company, valued at $6,064,717.24. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Jeffrey Sagansky sold 75,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $47.50, for a total value of $3,562,500.00. Following the sale, the director now directly owns 2,420,905 shares of the company’s stock, valued at approximately $114,992,987.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average price of $38.44 per share, with a total value of $192,200.00. Following the acquisition, the chief executive officer now directly owns 157,771 shares of the company’s stock, valued at approximately $6,064,717.24. The disclosure for this purchase can be found here. 3.10% of the stock is owned by company insiders.

Institutional Trading of WillScot Mobile Mini

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of WillScot Mobile Mini by 3.4% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 8,417 shares of the company’s stock worth $344,000 after buying an additional 275 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of WillScot Mobile Mini by 0.3% in the third quarter. State Board of Administration of Florida Retirement System now owns 109,877 shares of the company’s stock valued at $4,570,000 after acquiring an additional 290 shares in the last quarter. Pathstone Family Office LLC increased its position in WillScot Mobile Mini by 5.6% during the third quarter. Pathstone Family Office LLC now owns 5,933 shares of the company’s stock worth $247,000 after acquiring an additional 315 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in WillScot Mobile Mini by 8.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,574 shares of the company’s stock worth $232,000 after purchasing an additional 422 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its position in shares of WillScot Mobile Mini by 9.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 5,679 shares of the company’s stock worth $253,000 after purchasing an additional 502 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Company Profile

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.