WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $45.50.

WSC has been the topic of a number of research reports. Barclays decreased their target price on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. 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 report on Thursday, October 31st. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Finally, Robert W. Baird reduced their price target on shares of 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.

WillScot Mobile Mini Trading Up 0.7 %

WSC stock opened at $37.20 on Thursday. The business’s 50-day moving average is $36.04 and its 200 day moving average is $37.26. WillScot Mobile Mini has a 12-month low of $32.57 and a 12-month high of $52.16. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 338.21, a PEG ratio of 2.04 and a beta of 1.40. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

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

Insider Activity at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $35.41 per share, for a total transaction of $177,050.00. Following the completion of the acquisition, the chief executive officer now owns 144,686 shares in the company, valued at approximately $5,123,331.26. This trade represents a 3.58 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Hezron T. Lopez sold 20,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $39.38, for a total value of $787,600.00. Following the sale, the executive vice president now owns 57,918 shares in the company, valued at approximately $2,280,810.84. This trade represents a 25.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 15,000 shares of company stock worth $533,900 and have sold 36,959 shares worth $1,382,636. Company insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On WillScot Mobile Mini

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in WillScot Mobile Mini during the 3rd quarter worth approximately $25,000. Hexagon Capital Partners LLC grew its stake in shares of WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after purchasing an additional 600 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in WillScot Mobile Mini in the third quarter valued at $36,000. First Horizon Advisors Inc. raised its stake in WillScot Mobile Mini by 16.4% in the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after buying an additional 302 shares in the last quarter. Finally, KBC Group NV lifted its holdings in WillScot Mobile Mini by 14.7% during the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after buying an additional 655 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

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.