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

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSCGet Rating) has earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $42.71.

A number of analysts have issued reports on the company. Zacks Investment Research lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating in a report on Thursday, March 3rd. Barclays raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $40.00 to $50.00 in a report on Wednesday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on WillScot Mobile Mini in a report on Tuesday, March 29th. They issued a “buy” rating and a $49.00 target price on the stock.

Shares of NASDAQ WSC opened at $37.70 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.87 and a current ratio of 0.93. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 55.44, a P/E/G ratio of 1.28 and a beta of 1.76. The business’s 50-day simple moving average is $37.51 and its 200-day simple moving average is $37.17. WillScot Mobile Mini has a 52 week low of $26.15 and a 52 week high of $42.00.

WillScot Mobile Mini (NASDAQ:WSCGet Rating) last released its earnings results on Thursday, February 24th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.03. The firm had revenue of $517.92 million for the quarter, compared to analyst estimates of $493.73 million. WillScot Mobile Mini had a return on equity of 10.09% and a net margin of 8.45%. The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. As a group, equities research analysts forecast that WillScot Mobile Mini will post 1.19 earnings per share for the current year.

In related news, Director Rebecca L. Owen purchased 5,250 shares of the firm’s stock in a transaction that occurred on Friday, March 18th. The shares were acquired at an average price of $38.34 per share, with a total value of $201,285.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christopher J. Miner sold 133,056 shares of the business’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $36.83, for a total value of $4,900,452.48. The disclosure for this sale can be found here. 23.04% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in WillScot Mobile Mini by 7.5% in the fourth quarter. BlackRock Inc. now owns 19,191,083 shares of the company’s stock worth $783,763,000 after purchasing an additional 1,342,540 shares in the last quarter. Franklin Resources Inc. boosted its stake in WillScot Mobile Mini by 21.2% in the third quarter. Franklin Resources Inc. now owns 5,902,774 shares of the company’s stock worth $187,235,000 after purchasing an additional 1,033,384 shares in the last quarter. Broad Bay Capital Management LP raised its position in shares of WillScot Mobile Mini by 24.3% during the third quarter. Broad Bay Capital Management LP now owns 4,325,000 shares of the company’s stock worth $137,189,000 after acquiring an additional 846,000 shares during the last quarter. Capital World Investors raised its position in shares of WillScot Mobile Mini by 0.4% during the third quarter. Capital World Investors now owns 4,261,988 shares of the company’s stock worth $135,190,000 after acquiring an additional 16,988 shares during the last quarter. Finally, State Street Corp raised its position in shares of WillScot Mobile Mini by 7.8% during the fourth quarter. State Street Corp now owns 4,094,250 shares of the company’s stock worth $167,209,000 after acquiring an additional 295,399 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

WillScot Mobile Mini Company Profile (Get Rating)

WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom. The company leases modular space and portable storage units to customers in the commercial and industrial, construction, education, energy and natural resources, government, and other end markets.

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