Barclays Lowers WillScot Mobile Mini (NASDAQ:WSC) to Equal Weight

Barclays lowered shares of WillScot Mobile Mini (NASDAQ:WSC) from an overweight rating to an equal weight rating in a report issued on Thursday, MarketBeat.com reports. The firm currently has $44.00 price objective on the stock, down from their previous price objective of $50.00.

Several other brokerages have also recently issued reports on WSC. Bank of America dropped their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a buy rating for the company in a report on Friday, August 2nd. Stifel Nicolaus cut their price objective on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a buy rating for the company in a research report on Friday, August 2nd. DA Davidson reduced their target price 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. Finally, Oppenheimer dropped their price target on shares of 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. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $47.90.

WillScot Mobile Mini Trading Up 2.4 %

WillScot Mobile Mini stock opened at $39.80 on Thursday. WillScot Mobile Mini has a 52 week low of $33.23 and a 52 week high of $52.16. The stock has a 50-day moving average price of $38.23 and a 200 day moving average price of $39.75. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly 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). WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The company had revenue of $604.59 million during the quarter, compared to analyst estimates of $614.85 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. Sell-side analysts anticipate that WillScot Mobile Mini will post 1.76 EPS for the current year.

Insider Buying and Selling

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average cost of $38.97 per share, with a total value of $194,850.00. Following the purchase, the chief executive officer now owns 149,686 shares in the company, valued at $5,833,263.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is owned by insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

Several hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new stake in shares of WillScot Mobile Mini during the 2nd quarter worth $514,000. Clearbridge Investments LLC grew its stake in WillScot Mobile Mini by 2.6% during the second quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock worth $221,591,000 after buying an additional 148,973 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in shares of WillScot Mobile Mini by 7.8% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 40,880 shares of the company’s stock worth $1,539,000 after acquiring an additional 2,960 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of WillScot Mobile Mini by 15,389.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company’s stock valued at $2,023,000 after acquiring an additional 53,400 shares during the period. Finally, Creative Planning lifted its holdings in shares of WillScot Mobile Mini by 21.1% during the 2nd quarter. Creative Planning now owns 11,855 shares of the company’s stock valued at $446,000 after acquiring an additional 2,068 shares in the last quarter. Institutional investors and hedge funds 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.