Baird R W Downgrades WillScot Mobile Mini (NASDAQ:WSC) to Hold

Baird R W cut shares of WillScot Mobile Mini (NASDAQ:WSC) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday, Zacks.com reports.

Several other research firms also recently commented on WSC. Barclays downgraded WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $50.00 to $44.00 in a research note on Thursday, September 19th. Bank of America cut their price target on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Oppenheimer lowered their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus dropped their price objective on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Robert W. Baird downgraded shares of WillScot Mobile Mini from an “outperform” rating to a “neutral” rating and set a $42.00 target price for the company. in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of “Moderate Buy” and an average target price of $47.60.

WillScot Mobile Mini Trading Down 0.7 %

Shares of WillScot Mobile Mini stock opened at $37.57 on Thursday. The firm has a market cap of $7.15 billion, a PE ratio of 23.19, a P/E/G ratio of 1.23 and a beta of 1.35. WillScot Mobile Mini has a 1 year low of $33.23 and a 1 year high of $52.16. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a fifty day moving average price of $37.91 and a 200-day moving average price of $38.44.

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

Insider Activity

In other news, CEO Bradley Lee Soultz bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average price of $38.97 per share, with a total value of $194,850.00. Following the acquisition, the chief executive officer now owns 149,686 shares of the company’s stock, valued at approximately $5,833,263.42. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 3.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

Several large investors have recently added to or reduced their stakes in the business. Baupost Group LLC MA purchased a new stake in shares of WillScot Mobile Mini in the 2nd quarter valued at about $92,971,000. William Blair Investment Management LLC raised its stake in WillScot Mobile Mini by 102.9% in the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after purchasing an additional 2,355,445 shares in the last quarter. Swedbank AB lifted its position in WillScot Mobile Mini by 229.2% during the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after purchasing an additional 2,246,000 shares during the last quarter. Boston Partners lifted its position in WillScot Mobile Mini by 66.0% during the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock valued at $251,118,000 after purchasing an additional 2,159,958 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in WillScot Mobile Mini by 112.0% in the 1st quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after buying an additional 2,063,746 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

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.