WillScot Mobile Mini (NASDAQ:WSC) Stock Rating Upgraded by Morgan Stanley

WillScot Mobile Mini (NASDAQ:WSC) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a $50.00 price objective on the stock, up from their prior price objective of $40.00. Morgan Stanley’s price objective would indicate a potential upside of 42.05% from the stock’s current price.

Several other research analysts have also recently issued reports on WSC. Robert W. Baird dropped their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Baird R W cut WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Barclays dropped their target price 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. Finally, Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their target price for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, WillScot Mobile Mini presently has an average rating of “Moderate Buy” and an average target price of $45.50.

WillScot Mobile Mini Price Performance

NASDAQ WSC opened at $35.20 on Tuesday. WillScot Mobile Mini has a one year low of $32.71 and a one year high of $52.16. The stock has a 50-day moving average of $37.26 and a 200 day moving average of $37.87. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 320.00, a PEG ratio of 2.12 and a beta of 1.38. 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 released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 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 business had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. WillScot Mobile Mini’s quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts forecast that WillScot Mobile Mini will post 1.53 EPS for the current year.

Insider Activity at WillScot Mobile Mini

In related news, EVP Hezron T. Lopez sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.38, for a total value of $787,600.00. Following the transaction, the executive vice president now directly owns 57,918 shares of the company’s stock, valued at approximately $2,280,810.84. The trade was a 25.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sally J. Shanks sold 14,059 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.69, for a total value of $487,706.71. Following the sale, the chief accounting officer now directly owns 26,113 shares in the company, valued at $905,859.97. This trade represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 20,000 shares of company stock worth $728,750 and sold 36,959 shares worth $1,382,636. 3.30% of the stock is currently owned by corporate insiders.

Institutional Trading of WillScot Mobile Mini

Hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of WillScot Mobile Mini during the 3rd quarter worth approximately $25,000. Hexagon Capital Partners LLC raised its holdings in WillScot Mobile Mini by 200.0% during the 3rd 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. purchased a new stake in WillScot Mobile Mini during the 3rd quarter valued at $36,000. Summit Securities Group LLC purchased a new stake in WillScot Mobile Mini during the 2nd quarter valued at $56,000. Finally, CWM LLC raised its holdings in WillScot Mobile Mini by 80.3% during the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $62,000 after buying an additional 728 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Company Profile

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.