Analysts Set WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Target Price at $51.00

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $51.00.

WSC has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Company boosted their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Robert W. Baird dropped their target price on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, April 22nd. Barclays upped their price objective on WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, DA Davidson dropped their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, May 7th.

Insiders Place Their Bets

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $47.76 per share, for a total transaction of $238,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 13,869 shares of the company’s stock, valued at $662,383.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Jeffrey Sagansky sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $47.50, for a total value of $3,562,500.00. Following the completion of the sale, the director now directly owns 2,420,905 shares of the company’s stock, valued at $114,992,987.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 13,869 shares of the company’s stock, valued at $662,383.44. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

Hedge funds have recently made changes to their positions in the business. Bourgeon Capital Management LLC increased its stake in WillScot Mobile Mini by 1,063.6% during the 4th quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock worth $28,000 after acquiring an additional 585 shares during the period. Quarry LP bought a new position in WillScot Mobile Mini during the 4th quarter worth $38,000. TFO Wealth Partners LLC increased its stake in WillScot Mobile Mini by 6,578.6% during the 4th quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock worth $42,000 after acquiring an additional 921 shares during the period. Fidelis Capital Partners LLC bought a new position in WillScot Mobile Mini during the 1st quarter worth $55,000. Finally, Principal Securities Inc. bought a new position in WillScot Mobile Mini during the 4th quarter worth $71,000. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock opened at $40.40 on Friday. 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 firm has a market cap of $7.68 billion, a P/E ratio of 24.94, a P/E/G ratio of 1.16 and a beta of 1.36. The business’s fifty day moving average is $41.58 and its two-hundred day moving average is $43.17. WillScot Mobile Mini has a 52 week low of $34.40 and a 52 week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The firm had revenue of $587.18 million for the quarter, compared to the consensus estimate of $579.98 million. WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. Equities research analysts forecast that WillScot Mobile Mini will post 1.89 earnings per share for the current fiscal year.

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.