Barclays Lowers WillScot Mobile Mini (NASDAQ:WSC) Price Target to $40.00

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) had its price objective decreased by equities research analysts at Barclays from $44.00 to $40.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective would suggest a potential upside of 9.47% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. DA Davidson lowered their target price on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a "buy" rating on the stock in a report on Monday, August 5th. Bank of America cut 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 report on Friday, August 2nd. Robert W. Baird decreased their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a "buy" rating to a "hold" rating and lowered their price target for the company from $46.00 to $35.00 in a report on Thursday. Finally, Oppenheimer cut their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, WillScot Mobile Mini has a consensus rating of "Hold" and an average price target of $45.00.

WillScot Mobile Mini Stock Up 10.3 %

Shares of NASDAQ:WSC traded up $3.40 during trading on Friday, reaching $36.54. 8,952,807 shares of the stock traded hands, compared to its average volume of 2,183,746. The stock has a market cap of $6.89 billion, a P/E ratio of 331.27, 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 company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a 50-day moving average of $38.01 and a two-hundred day moving average of $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 the consensus estimate of $0.48 by ($0.10). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 22.99%. The firm had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. During the same period in the previous year, the company earned $0.46 earnings per share. WillScot Mobile Mini's quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that WillScot Mobile Mini will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Bradley Lee Soultz bought 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average price of $38.97 per share, with a total value of $194,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 149,686 shares of the company's stock, valued at $5,833,263.42. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is currently 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. Verdence Capital Advisors LLC grew its holdings in WillScot Mobile Mini by 4.9% during the third quarter. Verdence Capital Advisors LLC now owns 20,210 shares of the company's stock worth $760,000 after acquiring an additional 936 shares during the period. Malaga Cove Capital LLC boosted its position in WillScot Mobile Mini by 94.3% in the 3rd quarter. Malaga Cove Capital LLC now owns 11,735 shares of the company's stock worth $441,000 after purchasing an additional 5,695 shares in the last quarter. Bislett Management LLC grew its stake in shares of WillScot Mobile Mini by 3.1% during the 3rd quarter. Bislett Management LLC now owns 1,170,000 shares of the company's stock worth $43,992,000 after purchasing an additional 35,000 shares during the period. River Road Asset Management LLC increased its holdings in shares of WillScot Mobile Mini by 4.7% during the 3rd quarter. River Road Asset Management LLC now owns 1,409,803 shares of the company's stock valued at $53,009,000 after purchasing an additional 63,752 shares in the last quarter. Finally, Cannon Global Investment Management LLC acquired a new position in shares of WillScot Mobile Mini in the 3rd quarter valued at $564,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

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.