WillScot Mobile Mini (NASDAQ:WSC) Given New $38.00 Price Target at Robert W. Baird

WillScot Mobile Mini (NASDAQ:WSC) had its price target trimmed by Robert W. Baird from $42.00 to $38.00 in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Oppenheimer reduced their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. DA Davidson lowered their price objective on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Bank of America reduced their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price target for the company from $46.00 to $35.00 in a report on Thursday. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, WillScot Mobile Mini has a consensus rating of “Hold” and an average target price of $45.40.

WillScot Mobile Mini Stock Up 7.9 %

Shares of WillScot Mobile Mini stock traded up $2.61 during midday trading on Thursday, reaching $35.75. 2,664,609 shares of the company’s stock traded hands, compared to its average volume of 2,154,084. The company’s 50 day simple moving average is $38.01 and its 200 day simple moving average is $38.29. WillScot Mobile Mini has a 52 week low of $32.71 and a 52 week high of $52.16. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 319.39, a price-to-earnings-growth ratio of 1.25 and a beta of 1.35.

WillScot Mobile Mini (NASDAQ:WSC) last released 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). The firm had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a return on equity of 22.99% and a net margin of 1.05%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. Equities analysts expect that WillScot Mobile Mini will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz bought 5,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the purchase, the chief executive officer now owns 149,686 shares of the company’s stock, valued at approximately $5,833,263.42. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.30% of the stock is owned by insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

Hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in WillScot Mobile Mini by 17.8% in the 1st quarter. Principal Financial Group Inc. now owns 16,625 shares of the company’s stock valued at $773,000 after buying an additional 2,513 shares during the last quarter. Norden Group LLC increased its position in WillScot Mobile Mini by 51.4% in the first quarter. Norden Group LLC now owns 8,579 shares of the company’s stock worth $399,000 after purchasing an additional 2,911 shares during the period. Fidelis Capital Partners LLC bought a new stake in WillScot Mobile Mini during the 1st quarter worth about $55,000. Central Pacific Bank Trust Division acquired a new position in WillScot Mobile Mini during the 1st quarter valued at about $730,000. Finally, GSA Capital Partners LLP boosted its stake in shares of WillScot Mobile Mini by 250.1% in the 1st quarter. GSA Capital Partners LLP now owns 45,326 shares of the company’s stock valued at $2,108,000 after purchasing an additional 32,378 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Company Profile

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.