WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives Average Recommendation of “Moderate Buy” from Analysts

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $45.50.

A number of equities analysts recently weighed in on the stock. Barclays lowered their target price on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Robert W. Baird dropped their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price objective for the company from $46.00 to $35.00 in a research report on Thursday, October 31st.

WillScot Mobile Mini Price Performance

Shares of WSC opened at $39.18 on Thursday. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 356.21, a PEG ratio of 1.90 and a beta of 1.40. WillScot Mobile Mini has a 1-year low of $32.57 and a 1-year high of $52.16. The company’s fifty day simple moving average is $35.73 and its 200 day simple moving average is $37.21. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last issued its 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). The firm had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. WillScot Mobile Mini’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. On average, research analysts forecast that WillScot Mobile Mini will post 1.53 earnings per share for the current fiscal year.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the completion of the transaction, the insider now owns 72,818 shares in the company, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sally J. Shanks sold 14,059 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the transaction, the chief accounting officer now owns 26,113 shares of the company’s stock, valued at approximately $905,859.97. The trade was a 35.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 15,000 shares of company stock worth $533,900 and sold 36,959 shares worth $1,382,636. 3.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its holdings in WillScot Mobile Mini by 16.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after purchasing an additional 302 shares during the last quarter. Salvus Wealth Management LLC increased its stake in shares of WillScot Mobile Mini by 1.0% in the 3rd quarter. Salvus Wealth Management LLC now owns 47,830 shares of the company’s stock valued at $1,798,000 after acquiring an additional 485 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in shares of WillScot Mobile Mini by 200.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after acquiring an additional 600 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of WillScot Mobile Mini by 11.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company’s stock valued at $228,000 after acquiring an additional 624 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of WillScot Mobile Mini by 14.7% in the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock valued at $192,000 after acquiring an additional 655 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Company Profile

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.