Analysts Set WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) PT at $51.13

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $51.13.

A number of research firms have issued reports on WSC. Wells Fargo & Company boosted their price target on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Barclays increased their target price on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Robert W. Baird reduced their price target on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, 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.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock opened at $37.96 on Tuesday. WillScot Mobile Mini has a 1 year low of $34.40 and a 1 year high of $52.16. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.93 and a current ratio of 1.01. The firm has a 50 day moving average price of $44.80 and a 200 day moving average price of $43.22. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.89 and a beta of 1.34.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $612.38 million during the quarter, compared to analyst estimates of $619.63 million. WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 EPS. Sell-side analysts predict that WillScot Mobile Mini will post 1.98 earnings per share for the current year.

Insider Transactions at WillScot Mobile Mini

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Hexagon Capital Partners LLC acquired a new position in WillScot Mobile Mini in the third quarter valued at approximately $25,000. Bourgeon Capital Management LLC grew its stake in WillScot Mobile Mini by 1,063.6% during the 4th quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock worth $28,000 after buying an additional 585 shares during the last quarter. Quarry LP acquired a new stake in WillScot Mobile Mini in the fourth quarter worth $38,000. TFO Wealth Partners LLC lifted its stake in 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 last quarter. Finally, CWM LLC boosted its holdings in shares of WillScot Mobile Mini by 65.5% during the third quarter. CWM LLC now owns 1,291 shares of the company’s stock valued at $54,000 after acquiring an additional 511 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

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.