WillScot Mobile Mini (NASDAQ:WSC) PT Lowered to $45.00 at Robert W. Baird

WillScot Mobile Mini (NASDAQ:WSC) had its target price dropped by Robert W. Baird from $55.00 to $45.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 19.11% from the company’s current price.

WSC has been the subject of several other research reports. Jefferies Financial Group downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $58.00 to $42.00 in a research report on Monday, April 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Oppenheimer raised their target price on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Wells Fargo & Company raised their target price on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Finally, Stifel Nicolaus decreased their target price on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $51.13.

WillScot Mobile Mini Trading Down 0.6 %

WSC opened at $37.78 on Monday. The firm’s fifty day moving average is $45.28 and its two-hundred day moving average is $43.29. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.93 and a current ratio of 1.01. The firm has a market cap of $7.18 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.91 and a beta of 1.34. WillScot Mobile Mini has a twelve month low of $34.40 and a twelve month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results on Tuesday, February 20th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. The firm had revenue of $612.38 million during the quarter, compared to analyst estimates of $619.63 million. During the same quarter last year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts anticipate that WillScot Mobile Mini will post 1.98 EPS for the current year.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $47.76 per share, with a total value of $238,800.00. Following the acquisition, the chief executive officer now directly owns 13,869 shares of the company’s stock, valued at approximately $662,383.44. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $47.76 per share, for a total transaction of $238,800.00. Following the transaction, the chief executive officer now owns 13,869 shares of the company’s stock, valued at $662,383.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey Sagansky sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the completion of the transaction, the director now owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. grew its stake in shares of WillScot Mobile Mini by 149.9% in the 4th quarter. Franklin Resources Inc. now owns 6,751,072 shares of the company’s stock worth $300,423,000 after acquiring an additional 4,049,872 shares in the last quarter. Boston Partners bought a new stake in shares of WillScot Mobile Mini in the 4th quarter worth $145,583,000. Norges Bank bought a new stake in shares of WillScot Mobile Mini in the 4th quarter worth $101,809,000. Capital Research Global Investors bought a new position in WillScot Mobile Mini during the fourth quarter valued at about $81,981,000. Finally, Ameriprise Financial Inc. grew its position in WillScot Mobile Mini by 11.3% during the third quarter. Ameriprise Financial Inc. now owns 6,841,154 shares of the company’s stock valued at $284,523,000 after buying an additional 692,784 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Mobile Mini Company Profile

WillScot Mobile Mini Holdings Corp. 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.