WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $51.13.

WSC has been the topic of several research reports. Jefferies Financial Group lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $58.00 to $42.00 in a report on Monday, April 1st. Wells Fargo & Company increased their price objective on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. 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 price objective on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, Barclays upped their target price on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th.

Insider Buying and Selling

In other WillScot Mobile Mini news, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $47.50, for a total value of $3,562,500.00. Following the sale, the director now owns 2,420,905 shares of the company’s stock, valued at approximately $114,992,987.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other WillScot Mobile Mini news, Director Jeffrey Sagansky sold 75,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $47.50, for a total value of $3,562,500.00. Following the completion of 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 at this hyperlink. Also, CEO Bradley Lee Soultz bought 5,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 13,869 shares in the company, valued at approximately $662,383.44. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC purchased a new position in WillScot Mobile Mini in the 3rd quarter valued at approximately $25,000. Bourgeon Capital Management LLC increased its position in shares of WillScot Mobile Mini by 1,063.6% in the fourth quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock valued at $28,000 after buying an additional 585 shares in the last quarter. Quarry LP acquired a new position in shares of WillScot Mobile Mini during the 4th quarter worth $38,000. TFO Wealth Partners LLC boosted its position in shares of WillScot Mobile Mini by 6,578.6% in the 4th quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock worth $42,000 after buying an additional 921 shares in the last quarter. Finally, CWM LLC grew its stake in WillScot Mobile Mini by 65.5% in the 3rd quarter. CWM LLC now owns 1,291 shares of the company’s stock valued at $54,000 after acquiring an additional 511 shares during the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Stock Down 1.2 %

Shares of NASDAQ WSC opened at $38.01 on Tuesday. WillScot Mobile Mini has a 1 year low of $34.40 and a 1 year high of $52.16. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.91 and a beta of 1.34. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.01 and a quick ratio of 0.93. The business has a 50-day moving average of $45.53 and a two-hundred day moving average of $43.32.

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 analysts’ consensus estimates 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 business had revenue of $612.38 million during the quarter, compared to analyst estimates of $619.63 million. During the same period last year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts forecast that WillScot Mobile Mini will post 1.98 earnings per share for the current fiscal year.

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.