WillScot Mobile Mini (NASDAQ:WSC) Shares Down 4.2%

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) shares fell 4.2% during mid-day trading on Friday . The stock traded as low as $35.92 and last traded at $35.93. 334,858 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 1,940,124 shares. The stock had previously closed at $37.51.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WSC shares. Oppenheimer restated an “outperform” rating and set a $53.00 target price (down previously from $60.00) on shares of WillScot Mobile Mini in a report on Monday, May 6th. Jefferies Financial Group cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price objective for the company from $58.00 to $42.00 in a research report on Monday, April 1st. Robert W. Baird reduced their target price on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. DA Davidson lowered their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. 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 research report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.00.

WillScot Mobile Mini Stock Down 4.1 %

The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.89 and a current ratio of 0.97. The firm’s 50-day simple moving average is $38.80 and its 200 day simple moving average is $42.96. The company has a market cap of $6.84 billion, a P/E ratio of 23.15, a PEG ratio of 1.08 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The company had revenue of $587.18 million for the quarter, compared to analyst estimates of $579.98 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. WillScot Mobile Mini’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.85 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of $38.44 per share, with a total value of $192,200.00. Following the transaction, the chief executive officer now owns 157,771 shares of the company’s stock, valued at approximately $6,064,717.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On WillScot Mobile Mini

A number of large investors have recently bought and sold shares of the company. Bourgeon Capital Management LLC boosted 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 purchasing an additional 585 shares during the last quarter. Quarry LP acquired a new position in shares of WillScot Mobile Mini during the 4th quarter worth about $38,000. TFO Wealth Partners LLC grew its holdings in shares of 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 acquiring an additional 921 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of WillScot Mobile Mini in the first quarter valued at about $55,000. Finally, Principal Securities Inc. bought a new stake in WillScot Mobile Mini during the fourth quarter worth about $71,000. Institutional investors and hedge funds 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.