WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $45.50.

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

WillScot Mobile Mini Stock Performance

NASDAQ WSC opened at $39.18 on Thursday. The company has a fifty day simple moving average of $35.73 and a 200 day simple moving average of $37.21. WillScot Mobile Mini has a 12-month low of $32.57 and a 12-month high of $52.16. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The company has a market cap of $7.24 billion, a P/E ratio of 356.21, a PEG ratio of 1.90 and a beta of 1.40.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The firm had revenue of $601.43 million for the quarter, compared to analysts’ expectations of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. WillScot Mobile Mini’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. Sell-side analysts predict that WillScot Mobile Mini will post 1.53 earnings per share for the current fiscal year.

Insider Activity

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $36.38 per share, with a total value of $181,900.00. Following the completion of the acquisition, the chief executive officer now owns 144,686 shares of the company’s stock, valued at $5,263,676.68. This trade represents a 3.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Graeme Parkes sold 2,900 shares of the business’s 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 transaction, the insider now directly owns 72,818 shares of the company’s stock, valued at $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 purchased 15,000 shares of company stock worth $533,900 and have sold 36,959 shares worth $1,382,636. Company insiders own 3.30% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake in WillScot Mobile Mini by 16.4% in the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after buying an additional 302 shares in the last quarter. Salvus Wealth Management LLC boosted its stake in WillScot Mobile Mini by 1.0% in the third quarter. Salvus Wealth Management LLC now owns 47,830 shares of the company’s stock worth $1,798,000 after buying an additional 485 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after buying an additional 600 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in WillScot Mobile Mini by 11.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company’s stock worth $228,000 after buying an additional 624 shares in the last quarter. Finally, KBC Group NV boosted its stake in WillScot Mobile Mini by 14.7% in the third quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after buying an additional 655 shares in the last quarter. Hedge funds and other institutional investors 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.