WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $47.90 Consensus PT from Analysts

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $47.90.

Several equities research analysts have weighed in on WSC shares. Barclays downgraded WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $50.00 to $44.00 in a report on Thursday, September 19th. DA Davidson dropped their target price on shares of 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 cut their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Oppenheimer lowered their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Finally, Stifel Nicolaus cut their target price on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd.

Insider Buying and Selling at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average price of $38.97 per share, with a total value of $194,850.00. Following the acquisition, the chief executive officer now directly owns 149,686 shares in the company, valued at $5,833,263.42. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Baupost Group LLC MA purchased a new stake in WillScot Mobile Mini in the 2nd quarter worth approximately $92,971,000. William Blair Investment Management LLC grew its position in WillScot Mobile Mini by 102.9% during the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after buying an additional 2,355,445 shares during the period. Swedbank AB increased its holdings in WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after buying an additional 2,246,000 shares in the last quarter. Boston Partners raised its position in shares of WillScot Mobile Mini by 66.0% in the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after acquiring an additional 2,159,958 shares during the period. Finally, Capital Research Global Investors boosted its stake in shares of WillScot Mobile Mini by 112.0% during the 1st quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after acquiring an additional 2,063,746 shares in the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Mobile Mini Trading Up 1.0 %

NASDAQ WSC opened at $37.69 on Tuesday. WillScot Mobile Mini has a 52 week low of $33.23 and a 52 week high of $52.16. The company has a 50 day moving average price of $37.76 and a 200 day moving average price of $38.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88. The firm has a market cap of $7.17 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.35.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $604.59 million for the quarter, compared to analyst estimates of $614.85 million. WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. As a group, sell-side analysts forecast that WillScot Mobile Mini will post 1.76 EPS for the current fiscal year.

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.