WillScot Mobile Mini (NASDAQ:WSC) Downgraded by Baird R W

WillScot Mobile Mini (NASDAQ:WSC) was downgraded by Baird R W from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

A number of other analysts also recently weighed in on the company. Barclays downgraded WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $50.00 to $44.00 in a research report on Thursday, September 19th. Oppenheimer reduced 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 report on Friday, August 2nd. Bank of America decreased their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird lowered shares of WillScot Mobile Mini from an “outperform” rating to a “neutral” rating and set a $42.00 price target for the company. in a research report on Thursday. Finally, Stifel Nicolaus decreased their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.60.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC opened at $38.97 on Thursday. The company’s fifty day moving average price is $37.97 and its 200-day moving average price is $38.41. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 1.23 and a beta of 1.35. WillScot Mobile Mini has a one year low of $33.23 and a one year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The firm had revenue of $604.59 million during the quarter, compared to the consensus estimate of $614.85 million. During the same period in the prior year, the company earned $0.43 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that WillScot Mobile Mini will post 1.76 earnings per share for the current fiscal year.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was bought at an average price of $38.97 per share, with a total value of $194,850.00. Following the completion of the purchase, the chief executive officer now directly owns 149,686 shares of the company’s stock, valued at $5,833,263.42. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 3.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On WillScot Mobile Mini

A number of institutional investors have recently bought and sold shares of WSC. Norden Group LLC lifted its position in WillScot Mobile Mini by 2,181.8% during the first quarter. Norden Group LLC now owns 129,330 shares of the company’s stock valued at $6,014,000 after buying an additional 123,662 shares during the period. Sunbelt Securities Inc. boosted its stake in WillScot Mobile Mini by 15,389.0% during the second quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company’s stock worth $2,023,000 after acquiring an additional 53,400 shares in the last quarter. Sei Investments Co. grew its holdings in WillScot Mobile Mini by 74.4% in the first quarter. Sei Investments Co. now owns 640,720 shares of the company’s stock worth $29,793,000 after purchasing an additional 273,431 shares during the period. Swedbank AB grew its holdings in WillScot Mobile Mini by 15.7% in the second quarter. Swedbank AB now owns 980,000 shares of the company’s stock worth $36,887,000 after purchasing an additional 133,000 shares during the period. Finally, Hood River Capital Management LLC increased its stake in shares of WillScot Mobile Mini by 81.2% during the first quarter. Hood River Capital Management LLC now owns 73,405 shares of the company’s stock valued at $3,413,000 after purchasing an additional 32,900 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.