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

WillScot Mobile Mini (NASDAQ:WSC - Free Report) had its price objective cut by Robert W. Baird from $42.00 to $38.00 in a report released on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

WSC has been the subject of several other reports. Stifel Nicolaus cut 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. Bank of America cut their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Baird R W lowered WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. DA Davidson cut their price objective on WillScot Mobile Mini from $54.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, August 5th. Finally, Barclays lowered WillScot Mobile Mini from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $50.00 to $44.00 in a research note on Thursday, September 19th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $45.40.

WillScot Mobile Mini Price Performance

NASDAQ WSC traded down $5.74 during trading hours on Thursday, reaching $33.14. The company's stock had a trading volume of 15,479,367 shares, compared to its average volume of 2,151,665. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.25 and a beta of 1.35. WillScot Mobile Mini has a 1-year low of $32.71 and a 1-year high of $52.16. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. The company's 50-day moving average is $38.01 and its two-hundred day moving average is $38.29.

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

Insider Transactions at WillScot Mobile Mini

In other 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 directly owns 149,686 shares in the company, valued at approximately $5,833,263.42. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.30% of the company's stock.

Institutional Investors Weigh In On WillScot Mobile Mini

Several large investors have recently made changes to their positions in WSC. Baupost Group LLC MA acquired a new position in WillScot Mobile Mini in the 2nd quarter worth approximately $92,971,000. William Blair Investment Management LLC raised its holdings in WillScot Mobile Mini by 102.9% in the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company's stock worth $174,796,000 after acquiring an additional 2,355,445 shares during the period. Swedbank AB grew its position in WillScot Mobile Mini by 229.2% in the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company's stock worth $121,298,000 after purchasing an additional 2,246,000 shares during the last quarter. Boston Partners grew its position in WillScot Mobile Mini by 66.0% in the 1st quarter. Boston Partners now owns 5,434,288 shares of the company's stock worth $251,118,000 after purchasing an additional 2,159,958 shares during the last quarter. Finally, Capital Research Global Investors grew its position in WillScot Mobile Mini by 112.0% in the 1st quarter. Capital Research Global Investors now owns 3,906,011 shares of the company's stock worth $181,630,000 after purchasing an additional 2,063,746 shares during the last quarter. Institutional investors and hedge funds 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.