WillScot Mobile Mini (NASDAQ:WSC) Earns Outperform Rating from Oppenheimer

Oppenheimer restated their outperform rating on shares of WillScot Mobile Mini (NASDAQ:WSC) in a research report report published on Monday morning, Benzinga reports. Oppenheimer currently has a $53.00 price objective on the stock, down from their prior price objective of $60.00.

Several other brokerages have also commented on WSC. Morgan Stanley assumed coverage on shares of WillScot Mobile Mini in a report on Monday, January 8th. They issued an equal weight rating and a $45.00 price objective on the stock. Robert W. Baird decreased their target price on WillScot Mobile Mini from $55.00 to $45.00 and set an outperform rating on the stock in a research note on Monday, April 22nd. Wells Fargo & Company lifted their target price 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. Deutsche Bank Aktiengesellschaft increased their price target 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 dropped their price objective on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a buy rating for the company in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $51.00.

WillScot Mobile Mini Price Performance

NASDAQ:WSC opened at $39.34 on Monday. The stock has a 50 day moving average price of $42.89 and a 200 day moving average price of $43.01. The stock has a market cap of $7.47 billion, a PE ratio of 24.28, a P/E/G ratio of 0.93 and a beta of 1.36. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.89 and a current ratio of 0.97. WillScot Mobile Mini has a one year low of $34.40 and a one year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The company had revenue of $587.18 million during the quarter, compared to analyst estimates of $579.98 million. WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.36 earnings per share. Equities research analysts expect that WillScot Mobile Mini will post 1.93 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $47.76 per share, for a total transaction of $238,800.00. Following the acquisition, the chief executive officer now owns 13,869 shares of the company’s stock, valued at $662,383.44. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Jeffrey Sagansky sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $47.50, for a total value of $3,562,500.00. Following the completion of the transaction, the director now directly owns 2,420,905 shares of the company’s stock, valued at $114,992,987.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $47.76 per share, for a total transaction of $238,800.00. Following the completion of the purchase, the chief executive officer now directly owns 13,869 shares in the company, valued at $662,383.44. The disclosure for this purchase can be found here. 3.10% of the stock is owned by insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WSC. Bourgeon Capital Management LLC lifted its stake in shares of WillScot Mobile Mini by 1,063.6% in the 4th quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock worth $28,000 after acquiring an additional 585 shares during the period. Quarry LP acquired a new stake in WillScot Mobile Mini in the fourth quarter valued at about $38,000. TFO Wealth Partners LLC boosted its holdings in WillScot Mobile Mini by 6,578.6% in the 4th quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock valued at $42,000 after purchasing an additional 921 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in WillScot Mobile Mini in the 1st quarter valued at approximately $55,000. Finally, Principal Securities Inc. acquired a new position in WillScot Mobile Mini during the 4th quarter worth approximately $71,000. Hedge funds and other institutional investors 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.