WillScot Mobile Mini (NASDAQ:WSC) Raised to Overweight at Morgan Stanley

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) was upgraded by equities research analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a report released on Tuesday, MarketBeat reports. The firm presently has a $50.00 price objective on the stock, up from their previous price objective of $40.00. Morgan Stanley's price objective would suggest a potential upside of 37.06% from the company's current price.

WSC has been the topic of several other research reports. Baird R W lowered WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and decreased their price objective for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Barclays cut their target price on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating for the company in a research note on Friday, November 1st. Finally, Robert W. Baird decreased their price target on shares of 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. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $45.50.

WillScot Mobile Mini Stock Up 3.6 %

WillScot Mobile Mini stock traded up $1.28 during mid-day trading on Tuesday, reaching $36.48. The company's stock had a trading volume of 3,635,345 shares, compared to its average volume of 2,296,729. The business's 50 day simple moving average is $37.26 and its 200 day simple moving average is $37.87. 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 12 month low of $32.71 and a 12 month high of $52.16. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 320.00, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly 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). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The company had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The firm's revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts anticipate that WillScot Mobile Mini will post 1.53 earnings per share for the current year.

Insider Activity

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the sale, the insider now owns 72,818 shares of the company's stock, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Hezron T. Lopez sold 20,000 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.38, for a total value of $787,600.00. Following the sale, the executive vice president now owns 57,918 shares of the company's stock, valued at approximately $2,280,810.84. This represents a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 20,000 shares of company stock worth $728,750 and sold 36,959 shares worth $1,382,636. Corporate insiders own 3.30% of the company's stock.

Institutional Trading of WillScot Mobile Mini

A number of hedge funds have recently made changes to their positions in WSC. Sunbelt Securities Inc. raised its position in shares of WillScot Mobile Mini by 15,389.0% during the second quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company's stock worth $2,023,000 after acquiring an additional 53,400 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its stake in shares of WillScot Mobile Mini by 32.4% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company's stock valued at $6,209,000 after purchasing an additional 40,393 shares during the last quarter. First Sabrepoint Capital Management LP increased its position in shares of WillScot Mobile Mini by 17.5% during the third quarter. First Sabrepoint Capital Management LP now owns 238,143 shares of the company's stock worth $8,954,000 after buying an additional 35,492 shares during the period. Bislett Management LLC raised its stake in WillScot Mobile Mini by 3.1% during the third quarter. Bislett Management LLC now owns 1,170,000 shares of the company's stock worth $43,992,000 after buying an additional 35,000 shares during the last quarter. Finally, Swedbank AB lifted its holdings in WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company's stock valued at $121,298,000 after buying an additional 2,246,000 shares during the period. 95.81% of the stock is owned by institutional investors and hedge funds.

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.