WillScot Mobile Mini (NASDAQ:WSC) had its target price hoisted by equities research analysts at Morgan Stanley from $30.00 to $32.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 13.07% from the company’s previous close.
A number of other brokerages also recently issued reports on WSC. DA Davidson boosted their price target on WillScot Mobile Mini from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, January 26th. Credit Suisse Group boosted their price target on WillScot Mobile Mini from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, April 1st. Oppenheimer boosted their price target on WillScot Mobile Mini from $24.00 to $29.00 and gave the company an “outperform” rating in a report on Wednesday, January 13th. Zacks Investment Research downgraded WillScot Mobile Mini from a “hold” rating to a “sell” rating in a research note on Wednesday, March 17th. Finally, Robert W. Baird raised WillScot Mobile Mini from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $31.00 to $33.00 in a research note on Tuesday, March 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $26.45.
Shares of NASDAQ WSC opened at $28.30 on Monday. The business’s 50 day moving average price is $27.69 and its 200 day moving average price is $23.81. The firm has a market cap of $6.48 billion, a P/E ratio of 176.89, a P/E/G ratio of 0.91 and a beta of 2.07. WillScot Mobile Mini has a 52 week low of $9.53 and a 52 week high of $29.86. The company has a quick ratio of 1.57, a current ratio of 1.59 and a debt-to-equity ratio of 2.80.
In related news, COO Kelly M. Williams sold 362,464 shares of the stock in a transaction on Wednesday, March 3rd. The stock was sold at an average price of $27.32, for a total value of $9,902,516.48. Following the completion of the transaction, the chief operating officer now directly owns 188,884 shares of the company’s stock, valued at approximately $5,160,310.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen Robertson sold 17,412,500 shares of the stock in a transaction on Thursday, March 4th. The shares were sold at an average price of $26.79, for a total value of $466,480,875.00. The disclosure for this sale can be found here. 63.50% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. International Assets Investment Management LLC grew its holdings in WillScot Mobile Mini by 100.0% in the 1st quarter. International Assets Investment Management LLC now owns 1,078 shares of the company’s stock valued at $27,000 after buying an additional 539 shares in the last quarter. Clearview Wealth Advisors LLC purchased a new stake in WillScot Mobile Mini in the 4th quarter valued at $26,000. Toronto Dominion Bank purchased a new stake in WillScot Mobile Mini in the 4th quarter valued at $54,000. First Horizon Corp purchased a new stake in WillScot Mobile Mini in the 4th quarter valued at $70,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in WillScot Mobile Mini in the 4th quarter valued at $135,000. Institutional investors own 29.92% of the company’s stock.
About WillScot Mobile Mini
WillScot Mobile Mini Holdings Corp. provides modular space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom. The company leases various office space and storage solutions for temporary applications across a customer base in the commercial and industrial, construction, retail, education, natural resources, health care, government, transportation, security, and energy sectors.
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