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

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 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 issued reports on the company. Robert W. Baird cut their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Barclays lowered their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $35.00 in a report on Thursday, October 31st.

Insider Activity at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction on Thursday, November 14th. The stock was bought at an average price of $35.41 per share, for a total transaction of $177,050.00. Following the acquisition, the chief executive officer now directly owns 144,686 shares of the company’s stock, valued at approximately $5,123,331.26. The trade was a 3.58 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Hezron T. Lopez sold 20,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of the sale, the executive vice president now owns 57,918 shares in the company, valued at $2,280,810.84. The trade was a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 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.

Hedge Funds Weigh In On WillScot Mobile Mini

Several large investors have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in shares of WillScot Mobile Mini in the 3rd quarter valued at $25,000. Hexagon Capital Partners LLC increased its position in WillScot Mobile Mini by 200.0% during 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 during the period. Financial Management Professionals Inc. acquired a new stake in shares of WillScot Mobile Mini in the third quarter valued at approximately $36,000. First Horizon Advisors Inc. grew its position in shares of WillScot Mobile Mini by 16.4% during the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after acquiring an additional 302 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of WillScot Mobile Mini by 14.7% in the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock valued at $192,000 after acquiring an additional 655 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Performance

Shares of WillScot Mobile Mini stock opened at $33.33 on Friday. WillScot Mobile Mini has a 52 week low of $32.57 and a 52 week high of $52.16. The company has a market capitalization of $6.16 billion, a PE ratio of 303.03, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The stock’s fifty day moving average is $36.44 and its two-hundred day moving average is $37.45. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The firm had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. During the same period last year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts expect that WillScot Mobile Mini will post 1.53 earnings per share for the current year.

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.