WillScot Mobile Mini (NASDAQ:WSC) Reaches New 1-Year Low - Here's What Happened

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as $32.57 and last traded at $33.13, with a volume of 41098 shares traded. The stock had previously closed at $32.93.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WSC. Barclays decreased their price objective 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. Morgan Stanley raised shares of 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 research report on Tuesday. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and lowered their price target for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Robert W. Baird cut their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Finally, Baird R W downgraded shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $45.50.

WillScot Mobile Mini Price Performance

The stock's 50-day moving average is $37.09 and its 200 day moving average is $37.74. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The company has a market cap of $6.20 billion, a PE ratio of 305.30, a PEG ratio of 2.12 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS 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 23.97%. The business had revenue of $601.43 million for the quarter, compared to analysts' expectations of $617.83 million. During the same quarter in the prior year, the company posted $0.46 EPS. The business's revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, EVP Hezron T. Lopez sold 20,000 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $39.38, for a total transaction of $787,600.00. Following the sale, the executive vice president now owns 57,918 shares in the company, valued at approximately $2,280,810.84. The trade was a 25.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini stock in a transaction dated Monday, November 4th. The stock was purchased at an average price of $36.38 per share, with a total value of $181,900.00. Following the completion of the purchase, the chief executive officer now owns 144,686 shares of the company's stock, valued at approximately $5,263,676.68. The trade was a 3.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 15,000 shares of company stock worth $533,900 and have sold 36,959 shares worth $1,382,636. Insiders own 3.30% of the company's stock.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of large investors have recently bought and sold shares of WSC. V Square Quantitative Management LLC acquired a new stake in WillScot Mobile Mini during the 3rd quarter worth about $25,000. Hexagon Capital Partners LLC boosted its stake in shares of WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock worth $34,000 after buying an additional 600 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in WillScot Mobile Mini during the third quarter worth about $36,000. Summit Securities Group LLC purchased a new position in WillScot Mobile Mini during the second quarter valued at approximately $56,000. Finally, First Horizon Advisors Inc. lifted its holdings in WillScot Mobile Mini by 30.8% in the second quarter. First Horizon Advisors Inc. now owns 1,836 shares of the company's stock valued at $69,000 after acquiring an additional 432 shares during the period. Hedge funds and other 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.