WillScot Mobile Mini (NASDAQ:WSC) Price Target Cut to $38.00 by Analysts at Oppenheimer

WillScot Mobile Mini (NASDAQ:WSC - Free Report) had its price target trimmed by Oppenheimer from $41.00 to $38.00 in a report released on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

WSC has been the subject of several other research reports. Morgan Stanley raised WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Robert W. Baird cut their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $42.67.

WillScot Mobile Mini Price Performance

Shares of WSC stock traded up $1.69 during trading on Monday, hitting $29.76. The company had a trading volume of 8,760,132 shares, compared to its average volume of 2,389,217. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The stock's 50-day moving average is $35.42 and its two-hundred day moving average is $36.64. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 198.41, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini has a 52 week low of $27.58 and a 52 week high of $47.18.

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

WillScot Mobile Mini Dividend Announcement

The company also recently disclosed a -- dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio (DPR) is 186.67%.

Insiders Place Their Bets

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the completion of the transaction, the insider now owns 72,818 shares in the company, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WillScot Mobile Mini

A number of institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in shares of WillScot Mobile Mini by 34.4% during the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock valued at $345,020,000 after acquiring an additional 2,639,559 shares in the last quarter. William Blair Investment Management LLC boosted its position in 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 worth $185,831,000 after purchasing an additional 664,805 shares during the last quarter. FMR LLC boosted its position in WillScot Mobile Mini by 12.0% in the fourth quarter. FMR LLC now owns 5,554,101 shares of the company's stock worth $185,785,000 after purchasing an additional 595,063 shares during the last quarter. Capital International Investors boosted its position in WillScot Mobile Mini by 20.3% in the fourth quarter. Capital International Investors now owns 5,307,738 shares of the company's stock worth $177,544,000 after purchasing an additional 897,184 shares during the last quarter. 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.