Brokerages Set WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Target Price at $45.00

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have received an average rating of “Hold” from the eleven analysts that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $45.00.

Several research firms have recently issued reports on WSC. Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price target for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Barclays reduced their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Robert W. Baird reduced their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Baird R W lowered WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th.

WillScot Mobile Mini Stock Down 4.1 %

NASDAQ WSC opened at $37.00 on Wednesday. The stock has a fifty day moving average of $37.41 and a 200-day moving average of $37.96. The stock has a market capitalization of $6.84 billion, a P/E ratio of 336.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.38. WillScot Mobile Mini has a 52 week low of $32.71 and a 52 week high of $52.16. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The company had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts forecast that WillScot Mobile Mini will post 1.53 EPS for the current year.

Insider Activity

In related news, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average price of $36.38 per share, with a total value of $181,900.00. Following the completion of the transaction, the chief executive officer now owns 144,686 shares in the company, valued at $5,263,676.68. The trade was a 3.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Sally J. Shanks sold 14,059 shares of WillScot Mobile Mini stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.69, for a total value of $487,706.71. Following the completion of the sale, the chief accounting officer now directly owns 26,113 shares in the company, valued at approximately $905,859.97. This represents a 35.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have bought a total of 20,000 shares of company stock worth $728,750 over the last three months. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

Several institutional investors and hedge funds have recently bought and sold shares of WSC. V Square Quantitative Management LLC bought a new stake in WillScot Mobile Mini in the third quarter valued at approximately $25,000. Hexagon Capital Partners LLC raised its stake in WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after buying an additional 600 shares during the period. Financial Management Professionals Inc. bought a new stake in WillScot Mobile Mini in the third quarter valued at approximately $36,000. Summit Securities Group LLC bought a new position in shares of WillScot Mobile Mini during the second quarter worth approximately $56,000. Finally, CWM LLC increased its stake in shares of WillScot Mobile Mini by 80.3% during the second quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after purchasing an additional 728 shares during the period. Institutional investors own 95.81% of the company’s stock.

About WillScot Mobile Mini

WillScot Holdings Corporation 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.