Robert W. Baird Cuts WillScot Mobile Mini (NASDAQ:WSC) Price Target to $38.00

WillScot Mobile Mini (NASDAQ:WSC) had its target price dropped by research analysts at Robert W. Baird from $42.00 to $38.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target indicates a potential downside of 2.26% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Baird R W cut WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Barclays cut WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $50.00 to $44.00 in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their target price for the company from $46.00 to $35.00 in a research report on Thursday. Stifel Nicolaus decreased 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, Oppenheimer cut their target price on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, WillScot Mobile Mini presently has a consensus rating of “Hold” and an average target price of $45.40.

WillScot Mobile Mini Stock Down 0.7 %

Shares of WSC opened at $38.88 on Thursday. The stock has a 50 day moving average price of $38.10 and a 200 day moving average price of $38.33. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 1.25 and a beta of 1.35. WillScot Mobile Mini has a one year low of $33.23 and a one year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The firm had revenue of $601.43 million during the quarter, compared to analysts’ expectations of $617.83 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. Equities research analysts forecast that WillScot Mobile Mini will post 1.76 earnings per share for the current fiscal year.

Insider Activity at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $38.97 per share, with a total value of $194,850.00. Following the transaction, the chief executive officer now owns 149,686 shares in the company, valued at approximately $5,833,263.42. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

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