WillScot Mobile Mini (NASDAQ:WSC) Given New $54.00 Price Target at DA Davidson

WillScot Mobile Mini (NASDAQ:WSC) had its price target reduced by DA Davidson from $56.00 to $54.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a buy rating in a research note on Tuesday, January 30th. Barclays lifted their target price on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an overweight rating in a research note on Wednesday, February 28th. Stifel Nicolaus dropped their price target on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a buy rating for the company in a research note on Thursday, April 4th. Wells Fargo & Company lifted their price target on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the company an overweight rating in a research report on Wednesday, February 21st. Finally, Oppenheimer reiterated an outperform rating and issued a $53.00 price objective (down from $60.00) on shares of WillScot Mobile Mini in a report on Monday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $51.00.

WillScot Mobile Mini Stock Performance

NASDAQ:WSC opened at $39.17 on Tuesday. The company has a market cap of $7.44 billion, a P/E ratio of 24.18, a P/E/G ratio of 0.93 and a beta of 1.36. WillScot Mobile Mini has a twelve month low of $34.40 and a twelve month high of $52.16. The company’s 50-day moving average price is $43.06 and its 200-day moving average price is $43.04. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 2.63.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The business had revenue of $587.18 million during the quarter, compared to analysts’ expectations of $579.98 million. WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.36 earnings per share. On average, sell-side analysts forecast that WillScot Mobile Mini will post 1.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were purchased at an average price of $38.44 per share, for a total transaction of $192,200.00. Following the acquisition, the chief executive officer now owns 157,771 shares of the company’s stock, valued at $6,064,717.24. The transaction was disclosed in a filing with the SEC, 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 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 sale, the director now directly owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average price of $38.44 per share, with a total value of $192,200.00. Following the purchase, the chief executive officer now owns 157,771 shares of the company’s stock, valued at $6,064,717.24. The disclosure for this purchase can be found here. 3.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WSC. Qsemble Capital Management LP acquired a new stake in WillScot Mobile Mini in the first quarter valued at approximately $851,000. Headlands Technologies LLC purchased a new stake in shares of WillScot Mobile Mini in the 1st quarter valued at approximately $340,000. Sei Investments Co. raised its holdings in shares of WillScot Mobile Mini by 74.4% in the 1st quarter. Sei Investments Co. now owns 640,720 shares of the company’s stock valued at $29,793,000 after purchasing an additional 273,431 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of WillScot Mobile Mini by 35.4% during the 1st quarter. TimesSquare Capital Management LLC now owns 732,483 shares of the company’s stock worth $34,060,000 after purchasing an additional 191,533 shares during the last quarter. Finally, Lisanti Capital Growth LLC acquired a new position in shares of WillScot Mobile Mini during the first quarter worth $1,268,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

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.