WillScot Mobile Mini (NASDAQ:WSC) Given New $34.00 Price Target at Barclays

WillScot Mobile Mini (NASDAQ:WSC) had its price objective decreased by Barclays from $40.00 to $34.00 in a research note released on Friday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research analysts also recently commented on the stock. Robert W. Baird dropped their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Finally, Oppenheimer decreased their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.00.

WillScot Mobile Mini Price Performance

NASDAQ WSC opened at $23.63 on Friday. The firm has a market cap of $4.34 billion, a P/E ratio of 157.54, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. The stock’s 50-day moving average is $32.88 and its two-hundred day moving average is $35.46. WillScot Mobile Mini has a fifty-two week low of $21.91 and a fifty-two week high of $45.01. 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 (NASDAQ:WSC) last posted its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm had revenue of $602.52 million during the quarter, compared to analyst estimates of $606.55 million. On average, analysts anticipate that WillScot Mobile Mini will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The company also recently disclosed a — dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini’s payout ratio is presently 186.67%.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WSC. State of Wyoming bought a new stake in shares of WillScot Mobile Mini in the 4th quarter worth about $34,000. Jones Financial Companies Lllp grew its stake in WillScot Mobile Mini by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock worth $77,000 after buying an additional 1,113 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of WillScot Mobile Mini during the fourth quarter worth approximately $154,000. Headlands Technologies LLC bought a new position in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $174,000. Finally, FourThought Financial Partners LLC acquired a new position in shares of WillScot Mobile Mini in the 4th quarter worth approximately $216,000. 95.81% of the stock is currently 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.