WillScot Mobile Mini (NASDAQ:WSC) Rating Reiterated by Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of WillScot Mobile Mini (NASDAQ:WSC) in a research report released on Monday, Benzinga reports. The firm currently has a $53.00 target price on the stock, down from their prior target price of $60.00.

Several other equities analysts also recently issued reports on WSC. Stifel Nicolaus reduced their price objective on WillScot Mobile Mini from $58.00 to $50.00 and set a buy rating for the company in a research report on Thursday, April 4th. Barclays boosted their price target on WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an overweight rating in a research report on Wednesday, February 28th. Morgan Stanley began coverage on WillScot Mobile Mini in a report on Monday, January 8th. They set an equal weight rating and a $45.00 price target on the stock. Robert W. Baird reduced their price objective on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an outperform rating for the company in a report on Monday, April 22nd. Finally, Jefferies Financial Group cut shares of WillScot Mobile Mini from a buy rating to a hold rating and lowered their target price for the company from $58.00 to $42.00 in a research note on Monday, April 1st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $50.63.

WillScot Mobile Mini Stock Performance

WSC stock opened at $38.30 on Monday. WillScot Mobile Mini has a 1 year low of $34.40 and a 1 year high of $52.16. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 0.89 and a beta of 1.36. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.89 and a current ratio of 0.97. The stock’s fifty day moving average is $43.22 and its two-hundred day moving average is $43.03.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The firm had revenue of $587.18 million during the quarter, compared to the consensus estimate of $579.98 million. WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.14%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. On average, research analysts predict that WillScot Mobile Mini will post 1.96 EPS for the current year.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of the stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $47.76 per share, with a total value of $238,800.00. Following the purchase, the chief executive officer now directly owns 13,869 shares of the company’s stock, valued at approximately $662,383.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Jeffrey Sagansky sold 75,000 shares of the business’s stock in a transaction on Friday, March 8th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average price of $47.76 per share, with a total value of $238,800.00. Following the transaction, the chief executive officer now directly owns 13,869 shares in the company, valued at $662,383.44. The disclosure for this purchase can be found here. 3.10% of the stock is owned by corporate insiders.

Institutional Trading of WillScot Mobile Mini

Several institutional investors and hedge funds have recently bought and sold shares of WSC. Franklin Resources Inc. lifted its holdings in shares of WillScot Mobile Mini by 149.9% in the fourth quarter. Franklin Resources Inc. now owns 6,751,072 shares of the company’s stock valued at $300,423,000 after purchasing an additional 4,049,872 shares in the last quarter. Boston Partners purchased a new stake in WillScot Mobile Mini in the 4th quarter worth about $145,583,000. Norges Bank acquired a new stake in WillScot Mobile Mini during the 4th quarter worth about $101,809,000. Capital Research Global Investors purchased a new position in WillScot Mobile Mini during the 4th quarter valued at about $81,981,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of WillScot Mobile Mini by 11.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,841,154 shares of the company’s stock valued at $284,523,000 after purchasing an additional 692,784 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Mobile Mini Company Profile

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.