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

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) was downgraded by equities researchers at Baird R W from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

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

WillScot Mobile Mini Price Performance

WSC traded up $1.40 during trading on Thursday, reaching $38.97. The company's stock had a trading volume of 3,677,459 shares, compared to its average volume of 2,080,706. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 1.23 and a beta of 1.35. The firm has a fifty day simple moving average of $37.97 and a two-hundred day simple moving average of $38.41. WillScot Mobile Mini has a 1 year low of $33.23 and a 1 year high of $52.16. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88.

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

Insider Activity at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the purchase, the chief executive officer now directly owns 149,686 shares of the company's stock, valued at $5,833,263.42. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of WillScot Mobile Mini in the third quarter valued at about $25,000. Hexagon Capital Partners LLC raised its stake in WillScot Mobile Mini by 200.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock valued at $34,000 after acquiring an additional 600 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in WillScot Mobile Mini during the 3rd quarter worth approximately $36,000. Fidelis Capital Partners LLC purchased a new position in shares of WillScot Mobile Mini in the 1st quarter valued at approximately $55,000. Finally, Summit Securities Group LLC acquired a new position in shares of WillScot Mobile Mini in the second quarter valued at approximately $56,000. Institutional investors and hedge funds 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.