Barclays Lowers WillScot Mobile Mini (NASDAQ:WSC) Price Target to $34.00

WillScot Mobile Mini (NASDAQ:WSC) had its price target lowered by stock analysts at Barclays from $40.00 to $34.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 43.88% from the company’s previous close.

A number of other equities analysts have also recently commented on WSC. Robert W. Baird cut their price target on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, March 10th. Oppenheimer cut their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Finally, Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.00.

WillScot Mobile Mini Trading Down 8.1 %

Shares of WSC stock opened at $23.63 on Friday. WillScot Mobile Mini has a 52-week low of $21.91 and a 52-week high of $44.50. The business’s fifty day moving average is $32.88 and its 200 day moving average is $35.42. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The company has a market capitalization of $4.34 billion, a PE ratio of 157.54, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating 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 firm had revenue of $602.52 million for the quarter, compared to analysts’ expectations of $606.55 million. On average, equities research analysts anticipate that WillScot Mobile Mini will post 1.77 EPS for the current fiscal year.

Insider Transactions at WillScot Mobile Mini

In other news, COO Timothy D. Boswell purchased 5,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $29.14 per share, with a total value of $145,700.00. Following the transaction, the chief operating officer now directly owns 34,156 shares of the company’s stock, valued at approximately $995,305.84. This represents a 17.15 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erik Olsson sold 110,307 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the completion of the transaction, the director now owns 626,306 shares in the company, valued at $18,908,178.14. The trade was a 14.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming purchased a new position in WillScot Mobile Mini during the 4th quarter valued at $34,000. Jones Financial Companies Lllp boosted its stake in shares of WillScot Mobile Mini by 93.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock valued at $77,000 after purchasing an additional 1,113 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of WillScot Mobile Mini during the fourth quarter valued at about $154,000. Headlands Technologies LLC bought a new position in WillScot Mobile Mini in the fourth quarter worth about $174,000. Finally, FourThought Financial Partners LLC purchased a new stake in WillScot Mobile Mini in the fourth quarter worth about $216,000. Institutional investors 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.