Robert W. Baird Cuts WillScot Mobile Mini (NASDAQ:WSC) Price Target to $32.00

WillScot Mobile Mini (NASDAQ:WSC) had its target price cut by Robert W. Baird from $38.00 to $32.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Separately, Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.67.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC opened at $29.92 on Monday. The company’s fifty day moving average is $35.28 and its two-hundred day moving average is $36.53. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini has a 12-month low of $27.58 and a 12-month high of $47.18. The company has a market cap of $5.49 billion, a P/E ratio of 199.48, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $602.52 million during the quarter, compared to analysts’ expectations of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. Equities analysts expect that WillScot Mobile Mini will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini’s payout ratio is currently 186.67%.

Institutional Trading of WillScot Mobile Mini

Several hedge funds and other institutional investors have recently modified their holdings of WSC. Carnegie Lake Advisors LLC raised its stake in WillScot Mobile Mini by 0.5% in the 4th quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company’s stock worth $1,826,000 after purchasing an additional 280 shares in the last quarter. First Horizon Advisors Inc. raised its stake in WillScot Mobile Mini by 16.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after purchasing an additional 302 shares in the last quarter. Sciencast Management LP raised its stake in WillScot Mobile Mini by 0.9% in the 4th quarter. Sciencast Management LP now owns 56,961 shares of the company’s stock worth $1,905,000 after purchasing an additional 491 shares in the last quarter. KBC Group NV raised its stake in WillScot Mobile Mini by 14.7% in the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after purchasing an additional 655 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in WillScot Mobile Mini by 4.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 20,210 shares of the company’s stock worth $760,000 after purchasing an additional 936 shares in the last quarter. 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.