WillScot Mobile Mini (NASDAQ:WSC) Price Target Raised to $39.00

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) had its price target upped by Morgan Stanley from $38.00 to $39.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Morgan Stanley's price target suggests a potential upside of 30.26% from the company's current price.

Several other research firms have also commented on WSC. Barclays reduced their target price on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Oppenheimer dropped their price target 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, Robert W. Baird dropped 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 report on Monday, March 10th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.63.

WillScot Mobile Mini Trading Up 1.3%

Shares of WSC stock traded up $0.38 on Monday, hitting $29.94. 1,586,432 shares of the company's stock traded hands, compared to its average volume of 2,711,817. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. WillScot Mobile Mini has a one year low of $21.91 and a one year high of $43.80. The company's fifty day simple moving average is $26.83 and its 200 day simple moving average is $32.73. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 199.61, a P/E/G ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The business had revenue of $559.55 million for the quarter, compared to the consensus estimate of $555.51 million. During the same period in the prior year, the business posted $0.29 EPS. WillScot Mobile Mini's revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts forecast that WillScot Mobile Mini will post 1.77 EPS for the current year.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average cost of $26.79 per share, with a total value of $267,900.00. Following the transaction, the chief executive officer now directly owns 128,817 shares in the company, valued at approximately $3,451,007.43. The trade was a 8.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Timothy D. Boswell acquired 5,000 shares of WillScot Mobile Mini stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $29.14 per share, with a total value of $145,700.00. Following the completion of the purchase, the chief operating officer now owns 34,156 shares in the company, valued at $995,305.84. This represents a 17.15% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company's stock.

Institutional Trading of WillScot Mobile Mini

Institutional investors and hedge funds have recently bought and sold shares of the company. Impax Asset Management Group plc bought a new stake in shares of WillScot Mobile Mini in the fourth quarter worth approximately $7,192,000. New York Life Investment Management LLC bought a new position in shares of WillScot Mobile Mini in the fourth quarter worth approximately $679,000. Geneva Capital Management LLC bought a new position in shares of WillScot Mobile Mini in the fourth quarter worth approximately $23,194,000. River Road Asset Management LLC boosted its position in shares of WillScot Mobile Mini by 14.7% in the fourth quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock worth $54,081,000 after purchasing an additional 206,962 shares during the period. Finally, TCW Group Inc. lifted its holdings in shares of WillScot Mobile Mini by 20.1% in the fourth quarter. TCW Group Inc. now owns 46,436 shares of the company's stock worth $1,553,000 after buying an additional 7,763 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.

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.