WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Given Average Rating of “Moderate Buy” by Brokerages

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSCGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $51.00.

Several research firms recently issued reports on WSC. Jefferies Financial Group cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price objective for the company from $58.00 to $42.00 in a research report on Monday, April 1st. Wells Fargo & Company upped their price objective on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Barclays upped their price objective on WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. DA Davidson lowered their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Finally, Robert W. Baird lowered their price objective on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd.

Check Out Our Latest Research Report on WSC

Insider Activity

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average cost of $38.44 per share, with a total value of $192,200.00. Following the acquisition, the chief executive officer now directly owns 157,771 shares of the company’s stock, valued at $6,064,717.24. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On WillScot Mobile Mini

Several hedge funds and other institutional investors have recently modified their holdings of WSC. Bourgeon Capital Management LLC increased its stake in shares of WillScot Mobile Mini by 1,063.6% in the 4th quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock worth $28,000 after purchasing an additional 585 shares in the last quarter. Quarry LP purchased a new stake in shares of WillScot Mobile Mini in the 4th quarter worth $38,000. TFO Wealth Partners LLC increased its stake in WillScot Mobile Mini by 6,578.6% in the 4th quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock worth $42,000 after buying an additional 921 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in WillScot Mobile Mini in the 1st quarter worth $55,000. Finally, Principal Securities Inc. purchased a new stake in WillScot Mobile Mini in the 4th quarter worth $71,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Mobile Mini Stock Performance

Shares of WSC opened at $38.12 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 2.63. The business’s 50 day moving average price is $39.09 and its 200-day moving average price is $43.28. WillScot Mobile Mini has a 52 week low of $34.40 and a 52 week high of $52.16. The stock has a market cap of $7.25 billion, a P/E ratio of 23.53, a P/E/G ratio of 1.09 and a beta of 1.40.

WillScot Mobile Mini (NASDAQ:WSCGet Free Report) last issued 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 return on equity of 24.14% and a net margin of 13.48%. The company had revenue of $587.18 million during the quarter, compared to the consensus estimate of $579.98 million. During the same period in the prior year, the firm earned $0.36 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that WillScot Mobile Mini will post 1.85 earnings per share for the current fiscal year.

WillScot Mobile Mini Company Profile

(Get Free Report

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.

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Analyst Recommendations for WillScot Mobile Mini (NASDAQ:WSC)

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