WillScot Mobile Mini (NASDAQ:WSC) Downgraded to Hold at Baird R W

WillScot Mobile Mini (NASDAQ:WSC) was downgraded by stock analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

Several other research analysts have also recently commented on the stock. Oppenheimer lowered 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 report on Friday, August 2nd. Bank of America dropped their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Barclays cut WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $50.00 to $44.00 in a research report on Thursday, September 19th. Robert W. Baird lowered WillScot Mobile Mini from an “outperform” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research report on Thursday. Finally, Stifel Nicolaus dropped their price target on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.60.

WillScot Mobile Mini Stock Performance

NASDAQ:WSC opened at $37.57 on Thursday. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88. WillScot Mobile Mini has a 52 week low of $33.23 and a 52 week high of $52.16. The company has a fifty day simple moving average of $37.91 and a two-hundred day simple moving average of $38.44.

WillScot Mobile Mini (NASDAQ:WSC) last posted 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 prior year, the business earned $0.43 EPS. WillScot Mobile Mini’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities analysts anticipate that WillScot Mobile Mini will post 1.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of $38.97 per share, with a total value of $194,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 149,686 shares in the company, valued at $5,833,263.42. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On WillScot Mobile Mini

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baupost Group LLC MA acquired a new position in WillScot Mobile Mini during the second quarter worth $92,971,000. William Blair Investment Management LLC grew its stake in shares of WillScot Mobile Mini by 102.9% during the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock worth $174,796,000 after purchasing an additional 2,355,445 shares during the period. Swedbank AB increased its holdings in shares of WillScot Mobile Mini by 229.2% in the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after purchasing an additional 2,246,000 shares in the last quarter. Boston Partners boosted its holdings in WillScot Mobile Mini by 66.0% during the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after buying an additional 2,159,958 shares in the last quarter. Finally, Capital Research Global Investors grew its position in 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 period. Institutional investors and hedge funds own 95.81% of the company’s stock.

About WillScot Mobile Mini

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.