WillScot Mobile Mini (NASDAQ:WSC) Lowered to "Hold" Rating by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini (NASDAQ:WSC - Free Report) from a buy rating to a hold rating in a report issued on Thursday, MarketBeat Ratings reports. The firm currently has $35.00 price objective on the stock, down from their previous price objective of $46.00.

WSC has been the topic of several other research reports. Oppenheimer lowered their target price on WillScot Mobile Mini from $53.00 to $46.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Baird R W cut WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Stifel Nicolaus cut their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Bank of America lowered their target price 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. Finally, Barclays cut shares of WillScot Mobile Mini from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $50.00 to $44.00 in a research note on Thursday, September 19th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $45.40.

WillScot Mobile Mini Stock Down 14.8 %

WillScot Mobile Mini stock traded down $5.74 during midday trading on Thursday, hitting $33.14. 15,479,367 shares of the stock were exchanged, compared to its average volume of 2,151,665. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.25 and a beta of 1.35. WillScot Mobile Mini has a 52-week low of $32.71 and a 52-week high of $52.16. The business's 50-day moving average price is $38.10 and its 200-day moving average price is $38.33.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). The business had revenue of $601.43 million during the quarter, compared to analysts' expectations of $617.83 million. WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. WillScot Mobile Mini's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. On average, research analysts expect that WillScot Mobile Mini will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm's stock in a transaction on Wednesday, September 18th. The stock was 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 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WSC. V Square Quantitative Management LLC acquired a new stake in WillScot Mobile Mini in the 3rd quarter valued at $25,000. Hexagon Capital Partners LLC raised its holdings in shares of WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock valued at $34,000 after buying an additional 600 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in WillScot Mobile Mini during the 3rd quarter worth $36,000. Fidelis Capital Partners LLC acquired a new stake in shares of WillScot Mobile Mini in the 1st quarter worth approximately $55,000. Finally, Summit Securities Group LLC bought a new position in WillScot Mobile Mini during the 2nd quarter valued at $56,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

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.