WillScot Mobile Mini (NASDAQ:WSC) Stock Rating Lowered by Barclays

WillScot Mobile Mini (NASDAQ:WSC) was downgraded by investment analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Thursday, Marketbeat Ratings reports. They presently have a $44.00 target price on the stock, down from their prior target price of $50.00. Barclays‘s price target suggests a potential upside of 10.55% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Bank of America dropped 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 report on Friday, August 2nd. Stifel Nicolaus dropped their price target on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. DA Davidson reduced their price objective on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Finally, Oppenheimer decreased their target price on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, WillScot Mobile Mini currently has a consensus rating of “Moderate Buy” and an average price target of $47.90.

WillScot Mobile Mini Stock Up 2.4 %

Shares of NASDAQ WSC opened at $39.80 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88. The business’s 50 day moving average is $38.23 and its two-hundred day moving average is $39.80. WillScot Mobile Mini has a 52-week low of $33.23 and a 52-week high of $52.16. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.36 and a beta of 1.36.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $604.59 million for the quarter, compared to analyst estimates of $614.85 million. WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. WillScot Mobile Mini’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. Research analysts predict that WillScot Mobile Mini will post 1.76 EPS for the current year.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was bought at an average cost of $38.97 per share, with a total value of $194,850.00. Following the acquisition, the chief executive officer now directly owns 149,686 shares of the company’s stock, valued at $5,833,263.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Institutional Trading of WillScot Mobile Mini

Institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of WillScot Mobile Mini by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,668,190 shares of the company’s stock valued at $542,572,000 after purchasing an additional 456,674 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of WillScot Mobile Mini by 2.6% in the second quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock valued at $221,591,000 after buying an additional 148,973 shares during the last quarter. Boston Partners grew its holdings in shares of WillScot Mobile Mini by 66.0% during the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after buying an additional 2,159,958 shares during the last quarter. William Blair Investment Management LLC increased its position in WillScot Mobile Mini by 102.9% in the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after acquiring an additional 2,355,445 shares during the period. Finally, Bessemer Group Inc. raised its stake in WillScot Mobile Mini by 3.2% during the 1st quarter. Bessemer Group Inc. now owns 4,245,829 shares of the company’s stock valued at $197,432,000 after acquiring an additional 132,503 shares during the last quarter. Hedge funds and other 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.