WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Given Consensus Rating of “Hold” by Brokerages

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have been given an average rating of “Hold” by the eleven analysts that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $45.00.

WSC has been the topic of a number of research reports. DA Davidson reduced their price objective on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Stifel Nicolaus lowered their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Oppenheimer cut their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price target for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Finally, Bank of America dropped their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, August 2nd.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock opened at $34.38 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The stock has a market cap of $6.35 billion, a PE ratio of 312.57, a P/E/G ratio of 2.11 and a beta of 1.37. WillScot Mobile Mini has a 12-month low of $32.71 and a 12-month high of $52.16. The business’s 50-day moving average price is $37.94 and its two-hundred day moving average price is $38.24.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) 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 company had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. WillScot Mobile Mini’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, analysts expect that WillScot Mobile Mini will post 1.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were purchased at an average cost of $36.38 per share, for a total transaction of $181,900.00. Following the acquisition, the chief executive officer now owns 144,686 shares of the company’s stock, valued at approximately $5,263,676.68. This represents a 3.58 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Hezron T. Lopez sold 20,000 shares of WillScot Mobile Mini stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of the sale, the executive vice president now owns 57,918 shares of the company’s stock, valued at $2,280,810.84. This represents a 25.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 15,000 shares of company stock worth $553,800. Company insiders own 3.30% 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. V Square Quantitative Management LLC bought a new stake in WillScot Mobile Mini during the 3rd quarter valued at $25,000. Hexagon Capital Partners LLC grew its holdings in shares of WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after buying an additional 600 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of WillScot Mobile Mini during the third quarter worth about $36,000. Summit Securities Group LLC acquired a new stake in shares of WillScot Mobile Mini in the 2nd quarter worth about $56,000. Finally, CWM LLC lifted its position in WillScot Mobile Mini by 80.3% in the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $62,000 after acquiring an additional 728 shares in the last quarter. 95.81% of the stock is owned by institutional investors.

WillScot Mobile Mini Company Profile

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.