WillScot Mobile Mini (NASDAQ:WSC) Stock Price Expected to Rise, Morgan Stanley Analyst Says

WillScot Mobile Mini (NASDAQ:WSC) had its target price increased by equities research analysts at Morgan Stanley from $38.00 to $39.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 35.12% from the company’s current price.

A number of other equities research analysts have also weighed in on WSC. Barclays decreased their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, April 4th. Robert W. Baird reduced their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Finally, Oppenheimer cut their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.63.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock traded up $1.93 during midday trading on Monday, reaching $28.86. 1,104,430 shares of the stock traded hands, compared to its average volume of 2,696,755. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The stock has a market cap of $5.30 billion, a P/E ratio of 192.38, a PEG ratio of 2.18 and a beta of 1.28. WillScot Mobile Mini has a 12 month low of $21.91 and a 12 month high of $43.80. The stock’s fifty day moving average is $26.80 and its 200-day moving average is $32.97.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.04). WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The business had revenue of $559.55 million for the quarter, compared to the consensus estimate of $555.51 million. During the same quarter last year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that WillScot Mobile Mini will post 1.77 EPS for the current year.

Insider Transactions at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $26.79 per share, with a total value of $267,900.00. Following the completion of the transaction, the chief executive officer now owns 128,817 shares of the company’s stock, valued at $3,451,007.43. The trade was a 8.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total value of $3,330,168.33. Following the completion of the transaction, the director now directly owns 626,306 shares in the company, valued at $18,908,178.14. This trade 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.

Hedge Funds Weigh In On WillScot Mobile Mini

A number of institutional investors have recently modified their holdings of WSC. GAMMA Investing LLC grew its stake in shares of WillScot Mobile Mini by 273.2% during the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock worth $26,000 after purchasing an additional 683 shares during the period. State of Wyoming acquired a new stake in WillScot Mobile Mini during the fourth quarter worth approximately $34,000. Golden State Wealth Management LLC raised its position in shares of WillScot Mobile Mini by 428.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company’s stock worth $38,000 after buying an additional 1,122 shares during the period. CWM LLC lifted its stake in shares of WillScot Mobile Mini by 89.9% during the first quarter. CWM LLC now owns 1,747 shares of the company’s stock worth $49,000 after purchasing an additional 827 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in WillScot Mobile Mini by 28.0% during the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company’s stock worth $66,000 after buying an additional 516 shares during the period. 95.81% of the stock is owned by institutional investors and hedge funds.

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.