Robert W. Baird Issues Pessimistic Forecast for WillScot Mobile Mini (NASDAQ:WSC) Stock Price

WillScot Mobile Mini (NASDAQ:WSC) had its price objective reduced by Robert W. Baird from $42.00 to $38.00 in a report released on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

WSC has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $46.00 to $35.00 in a research note on Thursday. Baird R W lowered WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Bank of America cut their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Oppenheimer lowered their target price on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Finally, DA Davidson cut their price target on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.40.

WillScot Mobile Mini Trading Up 7.9 %

NASDAQ:WSC traded up $2.61 during mid-day trading on Thursday, hitting $35.75. The company had a trading volume of 2,664,609 shares, compared to its average volume of 2,154,084. The firm has a market cap of $6.74 billion, a P/E ratio of 319.39, a P/E/G ratio of 1.25 and a beta of 1.35. WillScot Mobile Mini has a fifty-two week low of $32.71 and a fifty-two week high of $52.16. The business’s fifty day moving average is $38.01 and its two-hundred day moving average is $38.29. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). The firm had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. WillScot Mobile Mini had a return on equity of 22.99% and a net margin of 1.05%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. As a group, research analysts expect that WillScot Mobile Mini will post 1.76 earnings per share for the current year.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz bought 5,000 shares of the company’s stock in a transaction dated 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 acquisition, the chief executive officer now owns 149,686 shares of the company’s stock, valued at $5,833,263.42. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.30% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

A number of institutional investors and hedge funds have recently made changes to their positions in WSC. Principal Financial Group Inc. raised its holdings in shares of WillScot Mobile Mini by 17.8% during the 1st quarter. Principal Financial Group Inc. now owns 16,625 shares of the company’s stock worth $773,000 after buying an additional 2,513 shares in the last quarter. Norden Group LLC grew its position in WillScot Mobile Mini by 51.4% in the first quarter. Norden Group LLC now owns 8,579 shares of the company’s stock valued at $399,000 after acquiring an additional 2,911 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in WillScot Mobile Mini during the first quarter worth about $55,000. Central Pacific Bank Trust Division bought a new position in shares of WillScot Mobile Mini in the first quarter worth about $730,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of WillScot Mobile Mini by 250.1% in the first quarter. GSA Capital Partners LLP now owns 45,326 shares of the company’s stock worth $2,108,000 after acquiring an additional 32,378 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

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.