WillScot Mobile Mini (NASDAQ:WSC) Earns "Outperform" Rating from Oppenheimer

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Oppenheimer in a research note issued to investors on Monday, Benzinga reports. They presently have a $53.00 target price on the stock, down from their previous target price of $60.00. Oppenheimer's target price would suggest a potential upside of 38.38% from the stock's previous close.

Several other research firms have also recently issued reports on WSC. Wells Fargo & Company increased their price objective on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 21st. Robert W. Baird dropped their price target on WillScot Mobile Mini from $55.00 to $45.00 and set an "outperform" rating for the company in a research report on Monday, April 22nd. Stifel Nicolaus dropped their price target on WillScot Mobile Mini from $58.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, April 4th. Jefferies Financial Group cut WillScot Mobile Mini from a "buy" rating to a "hold" rating and dropped their price target for the company from $58.00 to $42.00 in a research report on Monday, April 1st. Finally, Morgan Stanley assumed coverage on WillScot Mobile Mini in a research report on Monday, January 8th. They issued an "equal weight" rating and a $45.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.63.

WillScot Mobile Mini Stock Performance

NASDAQ WSC traded up $0.95 on Monday, reaching $38.30. The stock had a trading volume of 1,687,737 shares, compared to its average volume of 1,967,193. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.89 and a current ratio of 0.97. WillScot Mobile Mini has a 12-month low of $34.40 and a 12-month high of $52.16. The business's 50-day moving average price is $43.22 and its 200 day moving average price is $43.03. The stock has a market cap of $7.28 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 0.89 and a beta of 1.36.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share 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 firm had revenue of $587.18 million during the quarter, compared to analysts' expectations of $579.98 million. During the same quarter in the prior year, the firm posted $0.36 EPS. WillScot Mobile Mini's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts expect that WillScot Mobile Mini will post 1.96 earnings per share for the current year.

Insiders Place Their Bets

In other WillScot Mobile Mini news, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini stock in a transaction that occurred 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 sale, the director now directly owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jeffrey Sagansky sold 75,000 shares of the business's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $47.50, for a total value of $3,562,500.00. Following the completion of the sale, the director now directly owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $47.76 per share, with a total value of $238,800.00. Following the completion of the acquisition, 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. 3.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WSC. Bourgeon Capital Management LLC boosted 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 worth $28,000 after acquiring an additional 585 shares during the period. Quarry LP acquired a new position in WillScot Mobile Mini during the 4th quarter worth $38,000. TFO Wealth Partners LLC boosted its position 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 during the period. Fidelis Capital Partners LLC acquired a new position in WillScot Mobile Mini during the 1st quarter worth $55,000. Finally, Principal Securities Inc. acquired a new position in WillScot Mobile Mini during the 4th quarter worth $71,000. Institutional investors and hedge funds own 95.81% of the company's stock.

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.