WillScot Mobile Mini (NASDAQ:WSC) Reaches New 12-Month Low After Analyst Downgrade

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)’s stock price reached a new 52-week low on Monday after DA Davidson lowered their price target on the stock from $54.00 to $47.00. DA Davidson currently has a buy rating on the stock. WillScot Mobile Mini traded as low as $34.30 and last traded at $34.65, with a volume of 269548 shares. The stock had previously closed at $35.50.

A number of other equities research analysts also recently weighed in on the company. Oppenheimer dropped their price objective 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. Stifel Nicolaus lowered their price target on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Bank of America reduced their price objective on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Barclays decreased their target price on shares of WillScot Mobile Mini from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Robert W. Baird decreased their price objective on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $48.50.

Hedge Funds Weigh In On WillScot Mobile Mini

Several institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in WillScot Mobile Mini by 149.9% during the fourth quarter. Franklin Resources Inc. now owns 6,751,072 shares of the company’s stock worth $300,423,000 after purchasing an additional 4,049,872 shares in the last quarter. Boston Partners purchased a new position in shares of WillScot Mobile Mini during the 4th quarter valued at approximately $145,583,000. Norges Bank acquired a new stake in WillScot Mobile Mini in the 4th quarter valued at $101,809,000. Capital Research Global Investors increased its holdings in WillScot Mobile Mini by 112.0% in the 1st quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after acquiring an additional 2,063,746 shares in the last quarter. Finally, Jackson Square Partners LLC acquired a new position in WillScot Mobile Mini during the first quarter worth $55,507,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Trading Up 0.4 %

The company’s fifty day simple moving average is $38.80 and its 200-day simple moving average is $42.26. The firm has a market capitalization of $6.60 billion, a PE ratio of 21.47, a P/E/G ratio of 1.02 and a beta of 1.38. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.97 and a quick ratio of 0.89.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Thursday, August 1st. The company reported $0.39 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 23.82%. The firm had revenue of $604.59 million for the quarter, compared to analyst estimates of $614.85 million. During the same period in the previous year, the company earned $0.43 EPS. WillScot Mobile Mini’s revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.81 earnings per share for the current fiscal year.

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.