Stifel Nicolaus Trims WillScot Mobile Mini (NASDAQ:WSC) Target Price to $46.00

WillScot Mobile Mini (NASDAQ:WSC) had its price objective lowered by Stifel Nicolaus from $48.00 to $46.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

WSC has been the subject of a number of other reports. Oppenheimer decreased their price target on WillScot Mobile Mini from $53.00 to $46.00 and set an outperform rating for the company in a report on Friday. Bank of America dropped their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a buy rating on the stock in a research report on Friday. DA Davidson lowered their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a buy rating on the stock in a research note on Tuesday, May 7th. Finally, Robert W. Baird reduced their price objective on shares of 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $50.20.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC opened at $35.50 on Friday. The company’s 50 day moving average is $38.89 and its 200 day moving average is $42.32. The company has a market cap of $6.75 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.14 and a beta of 1.38. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 2.63. WillScot Mobile Mini has a twelve month low of $34.40 and a twelve month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $604.59 million for the quarter, compared to analyst estimates of $614.85 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 23.82%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. On average, sell-side analysts forecast that WillScot Mobile Mini will post 1.85 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average cost of $38.44 per share, for a total transaction of $192,200.00. Following the completion of the transaction, the chief executive officer now directly owns 157,771 shares in the company, valued at approximately $6,064,717.24. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 3.30% of the stock is owned by insiders.

Hedge Funds Weigh In On WillScot Mobile Mini

Several hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. grew its position in shares of WillScot Mobile Mini by 149.9% during the fourth quarter. Franklin Resources Inc. now owns 6,751,072 shares of the company’s stock worth $300,423,000 after acquiring an additional 4,049,872 shares during the last quarter. Boston Partners acquired a new position in WillScot Mobile Mini in the fourth quarter valued at $145,583,000. Norges Bank purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at about $101,809,000. Capital Research Global Investors grew its holdings in shares of WillScot Mobile Mini by 112.0% during the first quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after buying an additional 2,063,746 shares during the last quarter. Finally, Jackson Square Partners LLC acquired a new position in WillScot Mobile Mini in the 1st quarter valued at about $55,507,000. 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.