WillScot Mobile Mini (NASDAQ:WSC) Price Target Lowered to $45.00 at Robert W. Baird

WillScot Mobile Mini (NASDAQ:WSC) had its price objective cut by Robert W. Baird from $55.00 to $45.00 in a report issued on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.

WSC has been the topic of several other reports. Barclays upped their target price on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an overweight rating in a research report on Wednesday, February 28th. Jefferies Financial Group downgraded shares of WillScot Mobile Mini from a buy rating to a hold rating and reduced their price target for the company from $58.00 to $42.00 in a report on Monday, April 1st. Stifel Nicolaus reduced their price target on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a buy rating on the stock in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the company a buy rating in a report on Tuesday, January 30th. Finally, Oppenheimer upped their price target on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the company an outperform rating in a report on Friday, January 19th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $51.13.

WillScot Mobile Mini Trading Down 1.2 %

Shares of WillScot Mobile Mini stock opened at $38.01 on Monday. WillScot Mobile Mini has a 52-week low of $34.40 and a 52-week high of $52.16. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 2.81. The company’s 50-day simple moving average is $45.53 and its 200-day simple moving average is $43.32. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.91 and a beta of 1.34.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Tuesday, February 20th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. The company had revenue of $612.38 million for the quarter, compared to analyst estimates of $619.63 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities research analysts anticipate that WillScot Mobile Mini will post 1.98 earnings per share for the current year.

Insider Activity at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $47.76 per share, with a total value of $238,800.00. Following the acquisition, the chief executive officer now owns 13,869 shares in the company, valued at $662,383.44. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $47.76 per share, with a total value of $238,800.00. Following the acquisition, the chief executive officer now owns 13,869 shares in the company, valued at $662,383.44. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey Sagansky sold 75,000 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the sale, the director now directly owns 2,420,905 shares of the company’s stock, valued at $114,992,987.50. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its stake in WillScot Mobile Mini by 11.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,841,154 shares of the company’s stock valued at $284,523,000 after acquiring an additional 692,784 shares during the last quarter. Franklin Resources Inc. boosted its stake in WillScot Mobile Mini by 149.9% during the 4th quarter. Franklin Resources Inc. now owns 6,751,072 shares of the company’s stock valued at $300,423,000 after acquiring an additional 4,049,872 shares during the last quarter. Clearbridge Investments LLC boosted its stake in WillScot Mobile Mini by 3.5% during the 4th quarter. Clearbridge Investments LLC now owns 5,807,486 shares of the company’s stock valued at $258,433,000 after acquiring an additional 198,098 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in WillScot Mobile Mini by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,002,566 shares of the company’s stock valued at $166,467,000 after acquiring an additional 124,755 shares during the last quarter. Finally, Boston Partners bought a new position in WillScot Mobile Mini during the 4th quarter valued at $145,583,000. 95.81% of the stock is currently owned by institutional investors.

About WillScot Mobile Mini

WillScot Mobile Mini Holdings Corp. 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.