WillScot Mobile Mini (NASDAQ:WSC) Rating Reiterated by Oppenheimer

WillScot Mobile Mini (NASDAQ:WSC)‘s stock had its “outperform” rating reaffirmed by stock analysts at Oppenheimer in a research report issued on Monday, Benzinga reports. They presently have a $53.00 target price on the stock, down from their prior target price of $60.00. Oppenheimer’s price objective would indicate a potential upside of 35.31% from the company’s previous close.

A number of other brokerages also recently issued reports on WSC. Barclays increased their price objective on WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Morgan Stanley assumed coverage on WillScot Mobile Mini in a research note on Monday, January 8th. They issued an “equal weight” rating and a $45.00 target price for the company. Jefferies Financial Group lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price target for the stock from $58.00 to $42.00 in a report on Monday, April 1st. Deutsche Bank Aktiengesellschaft upped their target price on WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Robert W. Baird reduced their target price on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, WillScot Mobile Mini currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

WillScot Mobile Mini Trading Up 2.3 %

Shares of WSC stock opened at $39.17 on Monday. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 0.89 and a beta of 1.36. The company’s fifty day simple moving average is $43.06 and its two-hundred day simple moving average is $43.04. WillScot Mobile Mini has a 1 year low of $34.40 and a 1 year high of $52.16. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.97 and a quick ratio of 0.89.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The company had revenue of $587.18 million during the quarter, compared to the consensus estimate of $579.98 million. During the same quarter in the prior year, the business earned $0.36 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, analysts anticipate that WillScot Mobile Mini will post 1.96 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Bradley Lee Soultz bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of $38.44 per share, for a total transaction of $192,200.00. Following the completion of the transaction, the chief executive officer now owns 157,771 shares in the company, valued at $6,064,717.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average cost of $38.44 per share, for a total transaction of $192,200.00. Following the acquisition, the chief executive officer now directly owns 157,771 shares in the company, valued at approximately $6,064,717.24. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Sagansky sold 75,000 shares of the business’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 value of $3,562,500.00. Following the transaction, the director now directly owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Institutional Trading of WillScot Mobile Mini

Large investors have recently modified their holdings of the company. Clearbridge Investments LLC boosted its position in WillScot Mobile Mini by 1.3% during the third quarter. Clearbridge Investments LLC now owns 5,609,388 shares of the company’s stock valued at $233,294,000 after purchasing an additional 73,119 shares in the last quarter. Trust Point Inc. acquired a new position in shares of WillScot Mobile Mini in the fourth quarter valued at about $1,017,000. Citigroup Inc. lifted its holdings in shares of WillScot Mobile Mini by 233.8% during the third quarter. Citigroup Inc. now owns 88,896 shares of the company’s stock worth $3,697,000 after purchasing an additional 62,262 shares during the period. Assenagon Asset Management S.A. increased its holdings in WillScot Mobile Mini by 252.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 65,429 shares of the company’s stock worth $2,912,000 after buying an additional 46,866 shares during the period. Finally, Osborne Partners Capital Management LLC purchased a new position in WillScot Mobile Mini during the 4th quarter worth approximately $6,306,000. Hedge funds and other institutional investors 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.