WillScot Mobile Mini (NASDAQ:WSC) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of WillScot Mobile Mini (NASDAQ:WSC) from an equal weight rating to an overweight rating in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage currently has $50.00 price target on the stock, up from their prior price target of $40.00.

Other analysts also recently issued research reports about the stock. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price target for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. Barclays reduced their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Finally, Robert W. Baird decreased their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.50.

WillScot Mobile Mini Trading Down 3.7 %

WSC stock opened at $32.93 on Tuesday. The firm has a market cap of $6.08 billion, a PE ratio of 299.39, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The firm has a fifty day moving average price of $37.14 and a 200 day moving average price of $37.78. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. WillScot Mobile Mini has a fifty-two week low of $32.71 and a fifty-two week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The business had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. During the same period in the previous year, the business posted $0.46 EPS. The firm’s revenue was down .6% on a year-over-year basis. Sell-side analysts anticipate that WillScot Mobile Mini will post 1.53 earnings per share for the current fiscal year.

Insider Activity

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the transaction, the insider now owns 72,818 shares in the company, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $36.38 per share, for a total transaction of $181,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 144,686 shares of the company’s stock, valued at approximately $5,263,676.68. The trade was a 3.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 15,000 shares of company stock worth $533,900 and sold 36,959 shares worth $1,382,636. Company insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On WillScot Mobile Mini

A number of institutional investors have recently modified their holdings of the stock. Retirement Systems of Alabama grew its stake in shares of WillScot Mobile Mini by 7.9% during the 3rd quarter. Retirement Systems of Alabama now owns 124,985 shares of the company’s stock worth $4,699,000 after purchasing an additional 9,159 shares during the period. Tidal Investments LLC grew its position in WillScot Mobile Mini by 44.6% during the third quarter. Tidal Investments LLC now owns 11,975 shares of the company’s stock valued at $450,000 after buying an additional 3,692 shares during the period. Sanctuary Advisors LLC increased its holdings in WillScot Mobile Mini by 23.3% in the third quarter. Sanctuary Advisors LLC now owns 16,369 shares of the company’s stock valued at $594,000 after buying an additional 3,093 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of WillScot Mobile Mini in the third quarter worth about $468,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of WillScot Mobile Mini by 46.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 10,411 shares of the company’s stock worth $391,000 after acquiring an additional 3,308 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

About WillScot Mobile Mini

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.