WillScot Mobile Mini (NASDAQ:WSC) Given New $45.00 Price Target at Robert W. Baird

WillScot Mobile Mini (NASDAQ:WSC) had its target price cut by Robert W. Baird from $55.00 to $45.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 17.00% from the company’s current price.

A number of other research firms have also recently weighed in on WSC. Jefferies Financial Group cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price objective for the company from $58.00 to $42.00 in a research report on Monday, April 1st. Stifel Nicolaus cut their target price on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft raised their target price 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. Oppenheimer raised their price target on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Finally, Barclays raised their price target on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.13.

WillScot Mobile Mini Trading Up 1.3 %

WSC stock opened at $38.46 on Monday. WillScot Mobile Mini has a 52 week low of $34.40 and a 52 week high of $52.16. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.91 and a beta of 1.34. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 2.81. The business has a fifty day simple moving average of $45.80 and a 200-day simple moving average of $43.34.

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

Insider Activity at WillScot Mobile Mini

In related news, Director Jeffrey Sagansky sold 75,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 2,420,905 shares in the company, valued at $114,992,987.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Jeffrey Sagansky sold 75,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 2,420,905 shares in the company, valued at $114,992,987.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were bought 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. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its stake in WillScot Mobile Mini by 4.2% in the 1st quarter. CIBC Asset Management Inc now owns 5,742 shares of the company’s stock worth $269,000 after purchasing an additional 233 shares during the period. Captrust Financial Advisors boosted its stake in shares of WillScot Mobile Mini by 3.3% during the 3rd quarter. Captrust Financial Advisors now owns 8,241 shares of the company’s stock valued at $332,000 after buying an additional 260 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake 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 valued at $344,000 after buying an additional 275 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of WillScot Mobile Mini by 0.3% during the 3rd 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 buying an additional 290 shares during the period. Finally, Pathstone Family Office LLC boosted its stake in shares of WillScot Mobile Mini by 5.6% during the 3rd quarter. Pathstone Family Office LLC now owns 5,933 shares of the company’s stock valued at $247,000 after buying an additional 315 shares during the period. Institutional investors and hedge funds 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.