WillScot Mobile Mini (NASDAQ:WSC) Downgraded to Neutral at Robert W. Baird

WillScot Mobile Mini (NASDAQ:WSC) was downgraded by equities researchers at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued on Thursday, MarketBeat.com reports. They presently have a $42.00 price objective on the stock. Robert W. Baird’s target price suggests a potential upside of 11.02% from the stock’s current price.

Several other analysts have also recently commented on WSC. 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. Barclays downgraded shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $50.00 to $44.00 in a research report on Thursday, September 19th. Oppenheimer dropped their target price on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Bank of America reduced their price target on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, DA Davidson dropped their price objective on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.60.

WillScot Mobile Mini Stock Performance

Shares of WSC stock opened at $37.83 on Thursday. The stock’s 50-day moving average price is $37.89 and its 200 day moving average price is $38.45. 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 stock has a market capitalization of $7.13 billion, a PE ratio of 40.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35. WillScot Mobile Mini has a 52-week low of $33.23 and a 52-week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last released its 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). WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The company had revenue of $604.59 million during the quarter, compared to analyst estimates of $614.85 million. During the same period in the previous year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts forecast that WillScot Mobile Mini will post 1.76 EPS for the current year.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the transaction, the chief executive officer now directly owns 149,686 shares of the company’s stock, valued at $5,833,263.42. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 3.30% of the stock is currently owned by insiders.

Institutional Trading of WillScot Mobile Mini

Large investors have recently made changes to their positions in the stock. Osborne Partners Capital Management LLC boosted its stake in shares of WillScot Mobile Mini by 2.1% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 160,467 shares of the company’s stock worth $6,034,000 after purchasing an additional 3,303 shares during the last quarter. Mraz Amerine & Associates Inc. acquired a new stake in WillScot Mobile Mini during the third quarter worth approximately $254,000. International Assets Investment Management LLC raised its holdings in WillScot Mobile Mini by 3,631.0% in the 3rd quarter. International Assets Investment Management LLC now owns 24,177 shares of the company’s stock valued at $909,000 after acquiring an additional 23,529 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of WillScot Mobile Mini by 4.7% during the 3rd quarter. Whittier Trust Co. now owns 43,328 shares of the company’s stock worth $1,629,000 after purchasing an additional 1,950 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of WillScot Mobile Mini by 9.3% during the third quarter. Raymond James & Associates now owns 274,026 shares of the company’s stock worth $10,303,000 after purchasing an additional 23,202 shares during the last quarter. Institutional investors and hedge funds 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.