WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives Average Rating of “Hold” from Analysts

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $45.00.

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. DA Davidson dropped their price objective on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Stifel Nicolaus decreased their target price on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Bank of America lowered their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Robert W. Baird cut their target price on 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.

WillScot Mobile Mini Trading Down 1.7 %

NASDAQ:WSC opened at $34.38 on Friday. The stock has a market cap of $6.35 billion, a PE ratio of 312.57, a price-to-earnings-growth ratio of 2.11 and a beta of 1.37. WillScot Mobile Mini has a fifty-two week low of $32.71 and a fifty-two week high of $52.16. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The stock’s 50-day moving average is $37.94 and its two-hundred day moving average is $38.24.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities research analysts forecast that WillScot Mobile Mini will post 1.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz bought 5,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the purchase, the chief executive officer now owns 149,686 shares in the company, valued at $5,833,263.42. This represents a 3.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Hezron T. Lopez sold 20,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of the transaction, the executive vice president now owns 57,918 shares in the company, valued at approximately $2,280,810.84. This trade represents a 25.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have acquired a total of 15,000 shares of company stock valued at $553,800 over the last 90 days. 3.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On WillScot Mobile Mini

A number of hedge funds have recently bought and sold shares of the business. Norden Group LLC increased its stake in WillScot Mobile Mini by 51.4% during the 1st quarter. Norden Group LLC now owns 8,579 shares of the company’s stock worth $399,000 after acquiring an additional 2,911 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in WillScot Mobile Mini by 7.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 18,821 shares of the company’s stock valued at $875,000 after purchasing an additional 1,293 shares in the last quarter. PFG Advisors lifted its position in WillScot Mobile Mini by 28.5% during the first quarter. PFG Advisors now owns 5,953 shares of the company’s stock worth $277,000 after purchasing an additional 1,320 shares during the period. Oppenheimer & Co. Inc. grew its stake in WillScot Mobile Mini by 15.1% during the first quarter. Oppenheimer & Co. Inc. now owns 6,282 shares of the company’s stock worth $292,000 after buying an additional 825 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in WillScot Mobile Mini by 74.4% in the 1st quarter. Sei Investments Co. now owns 640,720 shares of the company’s stock valued at $29,793,000 after buying an additional 273,431 shares during the period. 95.81% of the stock is owned by institutional investors.

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.