WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $45.00 Average Target Price from Analysts

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $45.00.

A number of brokerages have commented on WSC. Deutsche Bank Aktiengesellschaft downgraded 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 report on Thursday, October 31st. Robert W. Baird reduced their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Barclays reduced their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC opened at $37.00 on Wednesday. The business has a 50 day moving average price of $37.41 and a 200 day moving average price of $37.96. WillScot Mobile Mini has a twelve month low of $32.71 and a twelve month high of $52.16. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 336.39, a PEG ratio of 2.37 and a beta of 1.38. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share 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 business had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. During the same quarter in the previous year, the company earned $0.46 EPS. WillScot Mobile Mini’s revenue for the quarter was down .6% compared to the same quarter last year. Research analysts predict that WillScot Mobile Mini will post 1.53 earnings per share for the current year.

Insider Activity at WillScot Mobile Mini

In related news, EVP Hezron T. Lopez sold 20,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of the sale, the executive vice president now directly owns 57,918 shares of the company’s stock, valued at $2,280,810.84. This trade represents a 25.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sally J. Shanks sold 14,059 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.69, for a total value of $487,706.71. Following the sale, the chief accounting officer now directly owns 26,113 shares of the company’s stock, valued at $905,859.97. This represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired 20,000 shares of company stock valued at $728,750 in the last three months. Corporate insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of hedge funds and other institutional investors have recently bought and sold shares of WSC. V Square Quantitative Management LLC acquired a new stake in WillScot Mobile Mini during the 3rd quarter valued at $25,000. 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 buying an additional 600 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of WillScot Mobile Mini in the 3rd quarter valued at $36,000. Summit Securities Group LLC acquired a new stake in shares of WillScot Mobile Mini in the 2nd quarter valued at $56,000. Finally, CWM LLC increased its stake in shares of WillScot Mobile Mini by 80.3% in the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $62,000 after buying an additional 728 shares during the period. 95.81% of the stock is owned by institutional investors and hedge funds.

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.