Morgan Stanley Has Lowered Expectations for WillScot Mobile Mini (NASDAQ:WSC) Stock Price

WillScot Mobile Mini (NASDAQ:WSC - Free Report) had its price objective cut by Morgan Stanley from $50.00 to $38.00 in a research report report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Oppenheimer reduced their price objective on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Robert W. Baird lowered their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Finally, Barclays reduced their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Four investment 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 has an average rating of "Moderate Buy" and an average target price of $40.50.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ WSC traded up $0.11 during trading hours on Wednesday, reaching $23.32. 2,962,898 shares of the stock were exchanged, compared to its average volume of 2,738,670. The stock's fifty day simple moving average is $29.83 and its 200 day simple moving average is $34.24. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 155.48, a P/E/G ratio of 2.18 and a beta of 1.25. WillScot Mobile Mini has a 52 week low of $21.91 and a 52 week high of $43.80. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. The firm had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. Sell-side analysts predict that WillScot Mobile Mini will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The company also recently announced a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini's payout ratio is 186.67%.

Insider Buying and Selling

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

Institutional Trading of WillScot Mobile Mini

Institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. grew its position in WillScot Mobile Mini by 34.4% in the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock worth $345,020,000 after purchasing an additional 2,639,559 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of WillScot Mobile Mini by 13.6% in the fourth quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company's stock valued at $185,831,000 after acquiring an additional 664,805 shares in the last quarter. FMR LLC increased its position in shares of WillScot Mobile Mini by 12.0% during the fourth quarter. FMR LLC now owns 5,554,101 shares of the company's stock valued at $185,785,000 after acquiring an additional 595,063 shares during the last quarter. Capital International Investors lifted its holdings in WillScot Mobile Mini by 20.3% during the fourth quarter. Capital International Investors now owns 5,307,738 shares of the company's stock worth $177,544,000 after acquiring an additional 897,184 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in WillScot Mobile Mini by 4.8% in the fourth quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company's stock worth $161,641,000 after purchasing an additional 223,462 shares during the last quarter. 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.