Brokerages Set WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Price Target at $45.50

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $45.50.

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

WillScot Mobile Mini Trading Down 0.3 %

WSC stock traded down $0.12 during midday trading on Thursday, hitting $39.06. The stock had a trading volume of 1,372,992 shares, compared to its average volume of 2,347,494. The firm has a market cap of $7.22 billion, a P/E ratio of 355.11, a price-to-earnings-growth ratio of 2.00 and a beta of 1.40. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The business has a fifty day moving average price of $35.78 and a two-hundred day moving average price of $37.22. WillScot Mobile Mini has a 1-year low of $32.57 and a 1-year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its 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 the consensus estimate of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. On average, sell-side analysts predict that WillScot Mobile Mini will post 1.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other WillScot Mobile Mini news, EVP Hezron T. Lopez sold 20,000 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the transaction, the executive vice president now owns 57,918 shares in the company, valued at approximately $2,280,810.84. This represents a 25.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Graeme Parkes sold 2,900 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the transaction, the insider now owns 72,818 shares in the company, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 15,000 shares of company stock worth $533,900 and have sold 36,959 shares worth $1,382,636. Corporate insiders own 3.30% of the company's stock.

Hedge Funds Weigh In On WillScot Mobile Mini

Institutional investors and hedge funds have recently made changes to their positions in the business. Clearbridge Investments LLC lifted its holdings in WillScot Mobile Mini by 2.6% in the 2nd quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company's stock worth $221,591,000 after purchasing an additional 148,973 shares in the last quarter. State Street Corp boosted its position in shares of WillScot Mobile Mini by 2.3% during the third quarter. State Street Corp now owns 3,346,779 shares of the company's stock worth $125,839,000 after acquiring an additional 74,212 shares during the last quarter. Swedbank AB increased its holdings in WillScot Mobile Mini by 3.0% in the 4th quarter. Swedbank AB now owns 3,324,000 shares of the company's stock valued at $111,188,000 after acquiring an additional 98,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 purchasing an additional 411,808 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of WillScot Mobile Mini by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,533,170 shares of the company's stock valued at $57,647,000 after purchasing an additional 43,747 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

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.