Robert W. Baird Cuts WillScot Mobile Mini (NASDAQ:WSC) Price Target to $45.00

WillScot Mobile Mini (NASDAQ:WSC) had its target price trimmed by Robert W. Baird from $55.00 to $45.00 in a report released on Monday, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other brokerages also recently weighed in on WSC. Stifel Nicolaus dropped their target price on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a buy rating for the company in a report on Thursday, April 4th. Morgan Stanley began coverage on shares of WillScot Mobile Mini in a report on Monday, January 8th. They issued an equal weight rating and a $45.00 target price for the company. Wells Fargo & Company upped their target price on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an overweight rating in a report on Wednesday, February 21st. Barclays upped their target price on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an overweight rating in a report on Wednesday, February 28th. Finally, Jefferies Financial Group downgraded shares of WillScot Mobile Mini from a buy rating to a hold rating and dropped their target price for the stock from $58.00 to $42.00 in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $51.13.

WillScot Mobile Mini Trading Down 1.2 %

NASDAQ:WSC opened at $38.01 on Monday. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.01 and a quick ratio of 0.93. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.91 and a beta of 1.34. WillScot Mobile Mini has a one year low of $34.40 and a one year high of $52.16. The business has a fifty day moving average price of $45.53 and a 200-day moving average price of $43.32.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). The company had revenue of $612.38 million during the quarter, compared to analysts’ expectations of $619.63 million. WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.46 earnings per share. Sell-side analysts forecast that WillScot Mobile Mini will post 1.98 EPS for the current year.

Insider Buying and Selling at WillScot Mobile Mini

In related news, Director Jeffrey Sagansky sold 75,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $47.50, for a total value of $3,562,500.00. Following the completion of the transaction, the director now owns 2,420,905 shares of the company’s stock, valued at approximately $114,992,987.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $47.76 per share, with a total value of $238,800.00. Following the acquisition, the chief executive officer now owns 13,869 shares in the company, valued at $662,383.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Sagansky sold 75,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the completion of the transaction, the director now directly owns 2,420,905 shares of the company’s stock, valued at approximately $114,992,987.50. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC purchased a new stake in WillScot Mobile Mini in the 3rd quarter worth about $25,000. Bourgeon Capital Management LLC raised its position in WillScot Mobile Mini by 1,063.6% in the 4th quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock worth $28,000 after purchasing an additional 585 shares during the period. Quarry LP purchased a new stake in WillScot Mobile Mini in the 4th quarter worth about $38,000. TFO Wealth Partners LLC increased its position in shares of WillScot Mobile Mini by 6,578.6% during the fourth quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock worth $42,000 after acquiring an additional 921 shares during the period. Finally, CWM LLC increased its position in shares of WillScot Mobile Mini by 65.5% during the third quarter. CWM LLC now owns 1,291 shares of the company’s stock worth $54,000 after acquiring an additional 511 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

About WillScot Mobile Mini

WillScot Mobile Mini Holdings Corp. 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.