WillScot Mobile Mini’s (WSC) “Market Perform” Rating Reiterated at William Blair

WillScot Mobile Mini (NASDAQ:WSC)‘s stock had its “market perform” rating reissued by stock analysts at William Blair in a research note issued on Thursday, MarketBeat.com reports.

Other analysts have also recently issued reports about the stock. Morgan Stanley raised their price target on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, May 12th. Robert W. Baird lowered their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, March 10th. Oppenheimer cut their price target on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Finally, Barclays lowered their price objective on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, April 4th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.63.

WillScot Mobile Mini Stock Down 1.5%

Shares of NASDAQ WSC opened at $27.60 on Thursday. WillScot Mobile Mini has a 12-month low of $21.91 and a 12-month high of $43.80. The stock’s fifty day simple moving average is $26.49 and its two-hundred day simple moving average is $32.19. The stock has a market capitalization of $5.03 billion, a PE ratio of 184.01, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The company had revenue of $559.55 million for the quarter, compared to analysts’ expectations of $555.51 million. During the same quarter last year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, analysts expect that WillScot Mobile Mini will post 1.77 EPS for the current fiscal year.

Insider Transactions at WillScot Mobile Mini

In other news, Director Erik Olsson sold 110,307 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total value of $3,330,168.33. Following the transaction, the director now directly owns 626,306 shares of the company’s stock, valued at approximately $18,908,178.14. This represents a 14.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Timothy D. Boswell acquired 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $29.14 per share, with a total value of $145,700.00. Following the completion of the purchase, the chief operating officer now owns 34,156 shares of the company’s stock, valued at approximately $995,305.84. The trade was a 17.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

Several institutional investors and hedge funds have recently bought and sold shares of the business. Baillie Gifford & Co. purchased a new stake in shares of WillScot Mobile Mini in the first quarter worth about $145,392,000. Norges Bank acquired a new position in WillScot Mobile Mini in the fourth quarter valued at approximately $97,734,000. Franklin Resources Inc. boosted its position in WillScot Mobile Mini by 34.4% in the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company’s stock worth $345,020,000 after purchasing an additional 2,639,559 shares in the last quarter. Vanguard Group Inc. boosted its holdings in WillScot Mobile Mini by 11.7% during the first quarter. Vanguard Group Inc. now owns 18,338,511 shares of the company’s stock worth $509,811,000 after buying an additional 1,924,653 shares in the last quarter. Finally, Van Berkom & Associates Inc. acquired a new stake in WillScot Mobile Mini during the fourth quarter valued at $58,855,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

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.