WillScot Mobile Mini (NASDAQ:WSC) Stock Rating Reaffirmed by Oppenheimer

WillScot Mobile Mini (NASDAQ:WSC)‘s stock had its “outperform” rating reissued by Oppenheimer in a note issued to investors on Monday, Benzinga reports. They presently have a $53.00 price target on the stock, down from their prior price target of $60.00. Oppenheimer’s target price suggests a potential upside of 41.90% from the company’s previous close.

Several other research firms have also recently commented on WSC. Robert W. Baird cut their price target on 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. Stifel Nicolaus cut their price objective on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, April 4th. Morgan Stanley started coverage on WillScot Mobile Mini in a research note on Monday, January 8th. They set an “equal weight” rating and a $45.00 price objective on the stock. Barclays upped their target price on WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, Wells Fargo & Company upped their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.63.

WillScot Mobile Mini Trading Down 0.7 %

Shares of WSC opened at $37.35 on Monday. The stock’s 50-day moving average is $43.42 and its two-hundred day moving average is $43.04. The stock has a market cap of $7.10 billion, a PE ratio of 23.06, a P/E/G ratio of 0.89 and a beta of 1.36. WillScot Mobile Mini has a 12 month low of $34.40 and a 12 month high of $52.16. 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 (NASDAQ:WSC) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The business had revenue of $587.18 million during the quarter, compared to analyst estimates of $579.98 million. During the same quarter last year, the firm posted $0.36 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. Equities analysts forecast that WillScot Mobile Mini will post 1.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Bradley Lee Soultz bought 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was purchased at an average cost of $47.76 per share, for a total transaction of $238,800.00. Following the completion of the transaction, the chief executive officer now directly owns 13,869 shares of the company’s stock, valued at approximately $662,383.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Jeffrey Sagansky sold 75,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the completion of the sale, the director now owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $47.76 per share, with a total value of $238,800.00. Following the transaction, the chief executive officer now directly owns 13,869 shares in the company, valued at approximately $662,383.44. The disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of institutional investors and hedge funds have recently modified their holdings of WSC. Ameriprise Financial Inc. lifted its holdings in shares of WillScot Mobile Mini by 11.3% in the third quarter. Ameriprise Financial Inc. now owns 6,841,154 shares of the company’s stock valued at $284,523,000 after purchasing an additional 692,784 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of WillScot Mobile Mini by 149.9% in the fourth quarter. Franklin Resources Inc. now owns 6,751,072 shares of the company’s stock valued at $300,423,000 after purchasing an additional 4,049,872 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of WillScot Mobile Mini by 3.5% in the fourth quarter. Clearbridge Investments LLC now owns 5,807,486 shares of the company’s stock valued at $258,433,000 after purchasing an additional 198,098 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of WillScot Mobile Mini by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 4,002,566 shares of the company’s stock valued at $166,467,000 after purchasing an additional 124,755 shares in the last quarter. Finally, Boston Partners purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at $145,583,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Mobile Mini Company Profile

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.