WillScot Mobile Mini’s (WSC) Outperform Rating Reiterated at Oppenheimer

WillScot Mobile Mini (NASDAQ:WSC)‘s stock had its “outperform” rating reiterated by analysts at Oppenheimer in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $53.00 price objective on the stock, down from their previous price objective of $60.00. Oppenheimer’s price target would indicate a potential upside of 35.31% from the stock’s current price.

Several other equities research analysts have also commented on the company. Robert W. Baird dropped their price target on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd. Barclays lifted their price target on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Stifel Nicolaus reduced their target price on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, April 4th. Wells Fargo & Company increased 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. Finally, Morgan Stanley initiated coverage on WillScot Mobile Mini in a research note on Monday, January 8th. They issued an “equal weight” rating and a $45.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

WillScot Mobile Mini Stock Up 2.3 %

Shares of NASDAQ WSC opened at $39.17 on Monday. WillScot Mobile Mini has a 1 year low of $34.40 and a 1 year high of $52.16. The firm’s 50 day moving average price is $43.06 and its 200 day moving average price is $43.04. 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 firm has a market cap of $7.44 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 0.89 and a beta of 1.36.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The business had revenue of $587.18 million during the quarter, compared to analyst estimates of $579.98 million. WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 earnings per share. As a group, sell-side analysts anticipate that WillScot Mobile Mini will post 1.96 earnings per share for the current year.

Insider Transactions at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction on Tuesday, May 7th. The shares were bought at an average price of $38.44 per share, with a total value of $192,200.00. Following the acquisition, the chief executive officer now directly owns 157,771 shares in the company, valued at approximately $6,064,717.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Tuesday, May 7th. The shares were purchased at an average cost of $38.44 per share, for a total transaction of $192,200.00. Following the completion of the purchase, the chief executive officer now directly owns 157,771 shares of the company’s stock, valued at approximately $6,064,717.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey Sagansky sold 75,000 shares of the business’s 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 sale, the director now 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 have recently made changes to their positions in the stock. Bourgeon Capital Management LLC lifted its holdings in WillScot Mobile Mini by 1,063.6% in the fourth 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 acquired a new stake in WillScot Mobile Mini in the fourth quarter worth approximately $38,000. TFO Wealth Partners LLC lifted its holdings in shares of WillScot Mobile Mini by 6,578.6% in the fourth quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock valued at $42,000 after buying an additional 921 shares during the period. Fidelis Capital Partners LLC bought a new position in WillScot Mobile Mini during the first quarter valued at about $55,000. Finally, Principal Securities Inc. acquired a new position in WillScot Mobile Mini during the fourth quarter worth about $71,000. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Company Profile

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.