Oppenheimer Cuts WillScot Mobile Mini (NASDAQ:WSC) Price Target to $38.00

WillScot Mobile Mini (NASDAQ:WSC) had its price target decreased by Oppenheimer from $41.00 to $38.00 in a report published on Monday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on WSC. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Robert W. Baird cut their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.67.

WillScot Mobile Mini Stock Down 0.5 %

Shares of WSC opened at $29.92 on Monday. The company has a market cap of $5.49 billion, a PE ratio of 199.48, a P/E/G ratio of 2.18 and a beta of 1.45. The business has a fifty day moving average of $35.28 and a 200 day moving average of $36.53. WillScot Mobile Mini has a 52-week low of $27.58 and a 52-week high of $47.18. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The business had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. On average, sell-side analysts expect that WillScot Mobile Mini will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is presently 186.67%.

Hedge Funds Weigh In On WillScot Mobile Mini

Hedge funds have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in WillScot Mobile Mini by 39.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,889,596 shares of the company’s stock worth $63,207,000 after acquiring an additional 533,750 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in WillScot Mobile Mini by 6.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 715,675 shares of the company’s stock valued at $23,939,000 after purchasing an additional 41,431 shares in the last quarter. Ulysses Management LLC raised its position in WillScot Mobile Mini by 194.7% in the 4th quarter. Ulysses Management LLC now owns 508,359 shares of the company’s stock valued at $17,005,000 after purchasing an additional 335,859 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in WillScot Mobile Mini in the 4th quarter valued at about $6,194,000. Finally, Spyglass Capital Management LLC raised its position in WillScot Mobile Mini by 40.5% in the 4th quarter. Spyglass Capital Management LLC now owns 1,829,245 shares of the company’s stock valued at $61,188,000 after purchasing an additional 527,465 shares in the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

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.