DA Davidson Lowers WillScot Mobile Mini (NASDAQ:WSC) Price Target to $54.00

WillScot Mobile Mini (NASDAQ:WSC) had its target price lowered by research analysts at DA Davidson from $56.00 to $54.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 37.26% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus reduced their price objective on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, April 4th. Robert W. Baird decreased their price target on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd. Jefferies Financial Group lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price objective for the company from $58.00 to $42.00 in a research report on Monday, April 1st. Barclays boosted their target price on WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Finally, Morgan Stanley assumed coverage on WillScot Mobile Mini in a report on Monday, January 8th. They set an “equal weight” rating and a $45.00 price target for the company. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ WSC opened at $39.34 on Tuesday. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.97 and a quick ratio of 0.89. WillScot Mobile Mini has a 1 year low of $34.40 and a 1 year high of $52.16. The firm has a fifty day moving average price of $42.89 and a 200-day moving average price of $43.01. The stock has a market cap of $7.47 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 0.93 and a beta of 1.36.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.14%. The business had revenue of $587.18 million for the quarter, compared to the consensus estimate of $579.98 million. During the same period in the prior year, the business earned $0.36 earnings per share. WillScot Mobile Mini’s revenue was up 3.8% compared to the same quarter last year. Equities analysts anticipate that WillScot Mobile Mini will post 1.93 earnings per share for the current fiscal year.

Insider Transactions at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were acquired at an average price 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 of the company’s stock, valued at approximately $6,064,717.24. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average price of $38.44 per share, with a total value of $192,200.00. Following the completion of the purchase, the chief executive officer now directly owns 157,771 shares in the company, valued at $6,064,717.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Sagansky sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $47.50, for a total value of $3,562,500.00. Following the transaction, the director now directly owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

Large investors have recently made changes to their positions in the stock. Bourgeon Capital Management LLC raised its position in WillScot Mobile Mini by 1,063.6% during the 4th quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock valued at $28,000 after purchasing an additional 585 shares in the last quarter. Quarry LP purchased a new stake in WillScot Mobile Mini in the fourth quarter worth about $38,000. TFO Wealth Partners LLC grew its holdings in WillScot Mobile Mini by 6,578.6% during the 4th quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock worth $42,000 after acquiring an additional 921 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in WillScot Mobile Mini during the 1st quarter valued at about $55,000. Finally, Principal Securities Inc. purchased a new stake in shares of WillScot Mobile Mini in the 4th quarter worth approximately $71,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

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.