WillScot Mobile Mini (NASDAQ:WSC) Price Target Lowered to $38.00 at Morgan Stanley

WillScot Mobile Mini (NASDAQ:WSC) had its target price lowered by Morgan Stanley from $50.00 to $38.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Barclays lowered their price objective on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Robert W. Baird lowered their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Finally, Oppenheimer cut their price objective on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

WillScot Mobile Mini Trading Down 4.2 %

Shares of NASDAQ:WSC opened at $23.21 on Wednesday. The business’s 50-day moving average is $30.41 and its 200 day moving average is $34.44. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. WillScot Mobile Mini has a 1 year low of $21.91 and a 1 year high of $43.80. The firm has a market capitalization of $4.26 billion, a P/E ratio of 154.74, a P/E/G ratio of 2.18 and a beta of 1.25.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $602.52 million for the quarter, compared to the consensus estimate of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. On average, research analysts predict that WillScot Mobile Mini will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The business also recently declared a — dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is currently 186.67%.

Insider Buying and Selling at WillScot Mobile Mini

In other news, COO Timothy D. Boswell purchased 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the acquisition, the chief operating officer now owns 34,156 shares of the company’s stock, valued at approximately $995,305.84. This represents a 17.15 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Erik Olsson sold 110,307 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the sale, the director now owns 626,306 shares in the company, valued at approximately $18,908,178.14. This represents a 14.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On WillScot Mobile Mini

Hedge funds have recently modified their holdings of the company. Carnegie Lake Advisors LLC raised its holdings in WillScot Mobile Mini by 0.5% in the 4th quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company’s stock worth $1,826,000 after purchasing an additional 280 shares during the period. Sciencast Management LP increased its position in shares of WillScot Mobile Mini by 0.9% in the fourth quarter. Sciencast Management LP now owns 56,961 shares of the company’s stock valued at $1,905,000 after buying an additional 491 shares in the last quarter. Fifth Third Bancorp increased its position in shares of WillScot Mobile Mini by 28.0% in the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company’s stock valued at $66,000 after buying an additional 516 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of WillScot Mobile Mini by 273.2% during the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock worth $26,000 after buying an additional 683 shares during the period. Finally, State of Wyoming purchased a new position in shares of WillScot Mobile Mini during the 4th quarter valued at approximately $34,000. 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.