Robert W. Baird Cuts WillScot Mobile Mini (NASDAQ:WSC) Price Target to $32.00

WillScot Mobile Mini (NASDAQ:WSC) had its price objective trimmed by Robert W. Baird from $38.00 to $32.00 in a research note published on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

Separately, Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five equities 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.67.

WillScot Mobile Mini Price Performance

WSC stock opened at $29.92 on Monday. The company has a 50 day simple moving average of $35.28 and a 200 day simple moving average of $36.53. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 199.48, a P/E/G ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini has a 1 year low of $27.58 and a 1 year high of $47.18. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. Research analysts anticipate that WillScot Mobile Mini will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is presently 186.67%.

Hedge Funds Weigh In On WillScot Mobile Mini

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Carnegie Lake Advisors LLC boosted its position in shares of WillScot Mobile Mini by 0.5% in the fourth quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company’s stock valued at $1,826,000 after acquiring an additional 280 shares during the period. First Horizon Advisors Inc. boosted its position in shares of WillScot Mobile Mini by 16.4% in the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after acquiring an additional 302 shares during the period. Sciencast Management LP boosted its position in shares of WillScot Mobile Mini by 0.9% in the fourth quarter. Sciencast Management LP now owns 56,961 shares of the company’s stock valued at $1,905,000 after acquiring an additional 491 shares during the period. KBC Group NV boosted its position in shares of WillScot Mobile Mini by 14.7% in the third quarter. KBC Group NV now owns 5,110 shares of the company’s stock valued at $192,000 after acquiring an additional 655 shares during the period. Finally, Verdence Capital Advisors LLC boosted its position in shares of WillScot Mobile Mini by 4.9% in the third quarter. Verdence Capital Advisors LLC now owns 20,210 shares of the company’s stock valued at $760,000 after acquiring an additional 936 shares during the period. Institutional investors own 95.81% of the company’s stock.

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.