WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $51.00 Consensus Price Target from Analysts

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $51.00.

WSC has been the topic of several recent analyst reports. Jefferies Financial Group cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their target price for the stock from $58.00 to $42.00 in a research note on Monday, April 1st. DA Davidson cut their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft raised their target price on WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Stifel Nicolaus cut their target price on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, April 4th. Finally, Barclays raised their target price on WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th.

WillScot Mobile Mini Trading Down 3.5 %

NASDAQ WSC opened at $40.40 on Friday. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 1.16 and a beta of 1.36. The stock’s 50-day simple moving average is $41.58 and its two-hundred day simple moving average is $43.17. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 2.63. 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 released its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). The company had revenue of $587.18 million during the quarter, compared to analysts’ expectations of $579.98 million. WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 EPS. Research analysts forecast that WillScot Mobile Mini will post 1.89 EPS for the current fiscal year.

Insider Buying and Selling at WillScot Mobile Mini

In other news, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Friday, March 8th. The shares were 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 directly owns 2,420,905 shares in the company, valued at $114,992,987.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was purchased at an average cost of $38.44 per share, for a total transaction of $192,200.00. Following the completion of the acquisition, the chief executive officer now owns 157,771 shares of the company’s stock, valued at $6,064,717.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the transaction, the director now owns 2,420,905 shares of the company’s stock, valued at $114,992,987.50. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On WillScot Mobile Mini

A number of hedge funds have recently added to or reduced their stakes in WSC. Raymond James & Associates raised its holdings in WillScot Mobile Mini by 15.1% in the 3rd quarter. Raymond James & Associates now owns 117,932 shares of the company’s stock worth $4,905,000 after acquiring an additional 15,513 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in WillScot Mobile Mini by 4.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 739,855 shares of the company’s stock worth $30,771,000 after acquiring an additional 31,729 shares during the last quarter. Principal Financial Group Inc. raised its holdings in WillScot Mobile Mini by 7.1% in the 3rd quarter. Principal Financial Group Inc. now owns 18,090 shares of the company’s stock worth $752,000 after acquiring an additional 1,206 shares during the last quarter. Cercano Management LLC purchased a new position in WillScot Mobile Mini in the 3rd quarter worth approximately $27,701,000. Finally, Los Angeles Capital Management LLC raised its stake in WillScot Mobile Mini by 141.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 15,515 shares of the company’s stock valued at $645,000 after buying an additional 9,076 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

About WillScot Mobile Mini

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.