WillScot Mobile Mini (NASDAQ:WSC) Price Target Cut to $32.00 by Analysts at Robert W. Baird

WillScot Mobile Mini (NASDAQ:WSC) had its target price dropped by analysts at Robert W. Baird from $38.00 to $32.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 14.00% from the company’s current price.

Separately, Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.56.

WillScot Mobile Mini Price Performance

Shares of NASDAQ WSC opened at $28.07 on Monday. The stock has a fifty day moving average price of $35.49 and a 200 day moving average price of $36.70. WillScot Mobile Mini has a 1-year low of $27.58 and a 1-year high of $47.18. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The company has a market cap of $5.15 billion, a PE ratio of 187.15, a P/E/G ratio of 2.18 and a beta of 1.45.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. Sell-side analysts forecast that WillScot Mobile Mini will post 1.77 EPS for the current year.

Insider Activity at WillScot Mobile Mini

In related news, insider Graeme Parkes sold 2,900 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the completion of the transaction, the insider now directly owns 72,818 shares in the company, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Impax Asset Management Group plc purchased a new position in WillScot Mobile Mini during the fourth quarter worth approximately $7,192,000. New York Life Investment Management LLC acquired a new stake in shares of WillScot Mobile Mini during the 4th quarter worth $679,000. Douglass Winthrop Advisors LLC raised its position in shares of WillScot Mobile Mini by 32.4% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company’s stock worth $6,209,000 after buying an additional 40,393 shares during the period. TCW Group Inc. boosted its holdings in WillScot Mobile Mini by 20.1% in the fourth quarter. TCW Group Inc. now owns 46,436 shares of the company’s stock valued at $1,553,000 after acquiring an additional 7,763 shares during the last quarter. Finally, Buck Wealth Strategies LLC grew its position in WillScot Mobile Mini by 39.6% during the fourth quarter. Buck Wealth Strategies LLC now owns 107,307 shares of the company’s stock valued at $3,589,000 after acquiring an additional 30,450 shares during the period. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

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.