WillScot Mobile Mini (NASDAQ:WSC) Price Target Cut to $34.00 by Analysts at Barclays

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) had its price objective cut by research analysts at Barclays from $40.00 to $34.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price objective suggests a potential upside of 47.95% from the stock's current price.

WSC has been the subject of several other reports. Morgan Stanley upgraded 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 note on Tuesday, December 17th. Oppenheimer reduced their price target on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Finally, Robert W. Baird decreased their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, WillScot Mobile Mini currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.00.

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WillScot Mobile Mini Stock Performance

Shares of WSC traded down $1.01 during mid-day trading on Friday, hitting $22.98. The company's stock had a trading volume of 3,389,896 shares, compared to its average volume of 2,673,051. The firm has a market capitalization of $4.22 billion, a PE ratio of 153.21, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. WillScot Mobile Mini has a one year low of $21.91 and a one year high of $44.50. The stock's 50-day moving average is $32.59 and its two-hundred day moving average is $35.29.

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, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $602.52 million during 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, sell-side analysts anticipate that WillScot Mobile Mini will post 1.77 EPS for the current year.

Insider Activity

In other news, COO Timothy D. Boswell purchased 5,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the transaction, the chief operating officer now directly owns 34,156 shares in the company, valued at $995,305.84. This trade represents a 17.15 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Erik Olsson sold 110,307 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the transaction, the director now owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. This represents a 14.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company's stock.

Hedge Funds Weigh In On WillScot Mobile Mini

Hedge funds have recently added to or reduced their stakes in the company. Carnegie Lake Advisors LLC grew its position in shares of WillScot Mobile Mini by 0.5% in the 4th quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company's stock worth $1,826,000 after buying an additional 280 shares during the last quarter. Sciencast Management LP grew its stake in WillScot Mobile Mini by 0.9% during the 4th quarter. Sciencast Management LP now owns 56,961 shares of the company's stock valued at $1,905,000 after acquiring an additional 491 shares in the last quarter. State of Wyoming acquired a new stake in WillScot Mobile Mini during the fourth quarter worth about $34,000. Gilder Gagnon Howe & Co. LLC grew its holdings in shares of WillScot Mobile Mini by 0.3% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 344,914 shares of the company's stock worth $11,537,000 after purchasing an additional 1,070 shares during the period. Finally, Jones Financial Companies Lllp raised its position in WillScot Mobile Mini by 93.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after purchasing an additional 1,113 shares during the period. 95.81% of the stock is currently owned by institutional investors.

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.