Oppenheimer Has Lowered Expectations for WillScot Mobile Mini (NASDAQ:WSC) Stock Price

WillScot Mobile Mini (NASDAQ:WSC) had its target price decreased by Oppenheimer from $41.00 to $38.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 35.38% from the stock’s previous close.

WSC has been the topic of a number of other reports. Robert W. Baird dropped their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.67.

WillScot Mobile Mini Trading Down 5.5 %

Shares of NASDAQ:WSC opened at $28.07 on Monday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The firm has a market capitalization of $5.15 billion, a P/E ratio of 187.15, a P/E/G ratio of 2.18 and a beta of 1.45. The business’s 50-day moving average is $35.49 and its 200 day moving average is $36.70. WillScot Mobile Mini has a 1 year low of $27.58 and a 1 year high of $47.18.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $602.52 million during the quarter, compared to analyst estimates of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. On average, research analysts predict that WillScot Mobile Mini will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the sale, the insider now owns 72,818 shares in the company, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.30% of the stock is owned by corporate insiders.

Institutional Trading of WillScot Mobile Mini

A number of hedge funds have recently added to or reduced their stakes in WSC. State of Wyoming acquired a new position in shares of WillScot Mobile Mini in the fourth quarter worth about $34,000. Jones Financial Companies Lllp raised its holdings in WillScot Mobile Mini by 93.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock worth $77,000 after purchasing an additional 1,113 shares during the period. First Horizon Advisors Inc. boosted its position in WillScot Mobile Mini by 16.4% during the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after purchasing an additional 302 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in WillScot Mobile Mini in the fourth quarter valued at approximately $154,000. Finally, Headlands Technologies LLC purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $174,000. 95.81% of the stock is owned by hedge funds and other 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.