Brokerages Set WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Target Price at $45.00

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has received an average recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $45.00.

WSC has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price target for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Robert W. Baird lowered their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Oppenheimer lowered their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Barclays dropped their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Finally, Stifel Nicolaus dropped their target price on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd.

Insider Transactions at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were purchased at an average cost of $36.38 per share, with a total value of $181,900.00. Following the acquisition, the chief executive officer now directly owns 144,686 shares in the company, valued at $5,263,676.68. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

Several large investors have recently modified their holdings of WSC. Norden Group LLC increased its stake in WillScot Mobile Mini by 51.4% in the first quarter. Norden Group LLC now owns 8,579 shares of the company’s stock valued at $399,000 after acquiring an additional 2,911 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of WillScot Mobile Mini by 7.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 18,821 shares of the company’s stock worth $875,000 after buying an additional 1,293 shares in the last quarter. PFG Advisors raised its holdings in shares of WillScot Mobile Mini by 28.5% during the 1st quarter. PFG Advisors now owns 5,953 shares of the company’s stock worth $277,000 after buying an additional 1,320 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of WillScot Mobile Mini by 15.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 6,282 shares of the company’s stock worth $292,000 after buying an additional 825 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in WillScot Mobile Mini by 74.4% in the first quarter. Sei Investments Co. now owns 640,720 shares of the company’s stock valued at $29,793,000 after buying an additional 273,431 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Mobile Mini Stock Down 2.7 %

NASDAQ WSC opened at $38.14 on Friday. The stock has a market capitalization of $7.05 billion, a P/E ratio of 356.12, a price-to-earnings-growth ratio of 2.37 and a beta of 1.37. WillScot Mobile Mini has a 52 week low of $32.71 and a 52 week high of $52.16. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The stock has a fifty day moving average of $37.98 and a 200-day moving average of $38.28.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The business had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. During the same period last year, the firm earned $0.46 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, equities research analysts forecast that WillScot Mobile Mini will post 1.53 EPS for the current year.

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.