WillScot Mobile Mini (NASDAQ:WSC) Given New $54.00 Price Target at DA Davidson

WillScot Mobile Mini (NASDAQ:WSC) had its target price decreased by DA Davidson from $56.00 to $54.00 in a report issued on Tuesday morning, Benzinga reports. DA Davidson currently has a buy rating on the stock.

WSC has been the subject of several other research reports. Stifel Nicolaus dropped their price objective on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a buy rating for the company in a research report on Thursday, April 4th. Oppenheimer reaffirmed an outperform rating and set a $53.00 price target (down previously from $60.00) on shares of WillScot Mobile Mini in a research note on Monday. Wells Fargo & Company raised their price target on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an overweight rating in a report on Wednesday, February 21st. Morgan Stanley began coverage on WillScot Mobile Mini in a report on Monday, January 8th. They set an equal weight rating and a $45.00 price objective for the company. Finally, Jefferies Financial Group lowered shares of WillScot Mobile Mini from a buy rating to a hold rating and reduced their target price for the company from $58.00 to $42.00 in a research note on Monday, April 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $51.00.

WillScot Mobile Mini Price Performance

Shares of WSC stock opened at $39.17 on Tuesday. WillScot Mobile Mini has a 52 week low of $34.40 and a 52 week high of $52.16. The stock has a market capitalization of $7.44 billion, a PE ratio of 24.18, a PEG ratio of 0.93 and a beta of 1.36. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.89 and a current ratio of 0.97. The stock’s fifty day moving average is $43.06 and its 200-day moving average is $43.04.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The company had revenue of $587.18 million for the quarter, compared to the consensus estimate of $579.98 million. During the same period in the prior year, the company earned $0.36 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts expect that WillScot Mobile Mini will post 1.93 EPS for the current fiscal year.

Insider Buying and Selling at WillScot Mobile Mini

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

Institutional Trading of WillScot Mobile Mini

A number of institutional investors have recently modified their holdings of WSC. Clearbridge Investments LLC lifted its stake in WillScot Mobile Mini by 1.3% in the 3rd quarter. Clearbridge Investments LLC now owns 5,609,388 shares of the company’s stock valued at $233,294,000 after acquiring an additional 73,119 shares in the last quarter. Trust Point Inc. acquired a new position in WillScot Mobile Mini during the fourth quarter worth $1,017,000. Citigroup Inc. grew its position in WillScot Mobile Mini by 233.8% in the third quarter. Citigroup Inc. now owns 88,896 shares of the company’s stock valued at $3,697,000 after purchasing an additional 62,262 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in WillScot Mobile Mini by 252.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 65,429 shares of the company’s stock valued at $2,912,000 after buying an additional 46,866 shares during the last quarter. Finally, Osborne Partners Capital Management LLC bought a new stake in WillScot Mobile Mini during the 4th quarter worth about $6,306,000. 95.81% of the stock is currently owned by 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.