Barclays Issues Pessimistic Forecast for WillScot Mobile Mini (NASDAQ:WSC) Stock Price

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) had its target price lowered by Barclays from $40.00 to $34.00 in a report issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price target points to a potential upside of 33.69% from the stock's current price.

Other analysts have also recently issued reports about the stock. Oppenheimer reduced their price objective on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. 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 note on Tuesday, December 17th. Finally, Robert W. Baird reduced their target price on 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $42.00.

WillScot Mobile Mini Stock Up 10.7 %

Shares of WillScot Mobile Mini stock traded up $2.45 on Friday, reaching $25.43. The company's stock had a trading volume of 1,838,563 shares, compared to its average volume of 2,676,984. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 168.44, a P/E/G ratio of 2.18 and a beta of 1.25. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini has a 52 week low of $21.91 and a 52 week high of $43.80. The firm's fifty day simple moving average is $32.03 and its two-hundred day simple moving average is $35.09.

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

Insider Transactions at WillScot Mobile Mini

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

Institutional Investors Weigh In On WillScot Mobile Mini

Institutional investors and hedge funds have recently bought and sold shares of the company. NBC Securities Inc. increased its stake in shares of WillScot Mobile Mini by 95,727.3% during the first quarter. NBC Securities Inc. now owns 10,541 shares of the company's stock valued at $293,000 after buying an additional 10,530 shares during the period. Douglas Lane & Associates LLC raised its holdings in shares of WillScot Mobile Mini by 15.0% in the 1st quarter. Douglas Lane & Associates LLC now owns 1,146,929 shares of the company's stock valued at $31,885,000 after purchasing an additional 149,236 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of WillScot Mobile Mini by 125.0% during the first quarter. Rhumbline Advisers now owns 427,041 shares of the company's stock valued at $11,872,000 after purchasing an additional 237,256 shares in the last quarter. GAMMA Investing LLC increased its holdings in WillScot Mobile Mini by 10,274.8% during the first quarter. GAMMA Investing LLC now owns 25,937 shares of the company's stock valued at $721,000 after buying an additional 25,687 shares during the period. Finally, Central Pacific Bank Trust Division raised its stake in WillScot Mobile Mini by 17.6% in the first quarter. Central Pacific Bank Trust Division now owns 14,472 shares of the company's stock worth $402,000 after buying an additional 2,168 shares in the last quarter. 95.81% of the stock is 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.