WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eleven research firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $45.50.

A number of equities analysts recently weighed in on the stock. Barclays lowered their price objective on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Friday, November 1st. Morgan Stanley upgraded shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Robert W. Baird reduced their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Baird R W cut WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a "buy" rating to a "hold" rating and reduced their price target for the company from $46.00 to $35.00 in a report on Thursday, October 31st.

WillScot Mobile Mini Stock Performance

Shares of WSC traded down $0.52 during mid-day trading on Friday, reaching $33.69. 966,070 shares of the company's stock were exchanged, compared to its average volume of 2,284,359. The business's fifty day simple moving average is $36.80 and its 200-day simple moving average is $37.58. WillScot Mobile Mini has a 52-week low of $32.57 and a 52-week high of $52.16. The stock has a market capitalization of $6.22 billion, a PE ratio of 306.30, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 EPS 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 analysts' expectations of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. WillScot Mobile Mini's quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. On average, equities research analysts expect that WillScot Mobile Mini will post 1.53 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Hezron T. Lopez sold 20,000 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of the sale, the executive vice president now directly owns 57,918 shares of the company's stock, valued at $2,280,810.84. The trade was a 25.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Sally J. Shanks sold 14,059 shares of WillScot Mobile Mini stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.69, for a total value of $487,706.71. Following the completion of the transaction, the chief accounting officer now owns 26,113 shares in the company, valued at $905,859.97. The trade was a 35.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 15,000 shares of company stock worth $533,900 and have sold 36,959 shares worth $1,382,636. 3.30% of the stock is currently owned by company insiders.

Institutional Trading of WillScot Mobile Mini

Large investors have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC grew its position in WillScot Mobile Mini by 2.6% in the second quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company's stock valued at $221,591,000 after acquiring an additional 148,973 shares in the last quarter. William Blair Investment Management LLC grew its holdings in WillScot Mobile Mini by 102.9% during the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company's stock valued at $174,796,000 after purchasing an additional 2,355,445 shares in the last quarter. State Street Corp grew its holdings in WillScot Mobile Mini by 2.3% during the 3rd quarter. State Street Corp now owns 3,346,779 shares of the company's stock valued at $125,839,000 after purchasing an additional 74,212 shares in the last quarter. Swedbank AB lifted its holdings 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 buying an additional 2,246,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in WillScot Mobile Mini by 18.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,596,990 shares of the company's stock worth $97,755,000 after buying an additional 411,808 shares in the last quarter. 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.