WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Given Average Recommendation of “Moderate Buy” by Brokerages

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $51.13.

Several equities analysts have commented on WSC shares. Deutsche Bank Aktiengesellschaft increased their target price on WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Morgan Stanley started coverage on WillScot Mobile Mini in a research report on Monday, January 8th. They issued an “equal weight” rating and a $45.00 target price for the company. Oppenheimer increased their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Jefferies Financial Group downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their target price for the company from $58.00 to $42.00 in a research report on Monday, April 1st. Finally, Robert W. Baird dropped their target price on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, April 22nd.

WillScot Mobile Mini Stock Performance

NASDAQ:WSC opened at $38.72 on Tuesday. The stock has a fifty day moving average price of $44.57 and a 200-day moving average price of $43.20. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 0.90 and a beta of 1.34. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.93 and a current ratio of 1.01. WillScot Mobile Mini has a fifty-two week low of $34.40 and a fifty-two week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. The business had revenue of $612.38 million for the quarter, compared to the consensus estimate of $619.63 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. WillScot Mobile Mini’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities analysts anticipate that WillScot Mobile Mini will post 1.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $47.76 per share, for a total transaction of $238,800.00. Following the completion of the acquisition, the chief executive officer now owns 13,869 shares in the company, valued at $662,383.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $47.76 per share, for a total transaction of $238,800.00. Following the completion of the acquisition, the chief executive officer now owns 13,869 shares in the company, valued at $662,383.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Sagansky sold 75,000 shares of the 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 owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Hexagon Capital Partners LLC bought a new stake in WillScot Mobile Mini during the third quarter worth $25,000. Bourgeon Capital Management LLC lifted its holdings in WillScot Mobile Mini by 1,063.6% during the fourth 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 bought a new stake in WillScot Mobile Mini during the fourth quarter worth $38,000. TFO Wealth Partners LLC lifted its holdings in WillScot Mobile Mini by 6,578.6% during the fourth quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock worth $42,000 after acquiring an additional 921 shares during the period. Finally, CWM LLC lifted its holdings in WillScot Mobile Mini by 65.5% during the third quarter. CWM LLC now owns 1,291 shares of the company’s stock worth $54,000 after acquiring an additional 511 shares during the period. 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.