WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives Consensus “Buy” Rating from Analysts

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC – Get a rating) received an average “Buy” rating from the seven analysts who currently cover the company, Marketbeat.com reports. Five equity research analysts rated the stock with a Buy recommendation. The 1-year average price target among brokers who have reported on the stock in the past year is $47.43.

A number of research companies commented on WSC. Morgan Stanley raised its price target on WillScot Mobile Mini from $46.00 to $50.00 and gave the company an “overweight” rating in a Monday, August 8 report. Robert W. Baird raised his price target on WillScot Mobile Mini from $42.00 to $45.00 and gave the stock an “outperform” rating in a Tuesday, August 23 report. Deutsche Bank Aktiengesellschaft raised its price target on WillScot Mobile Mini from $49.00 to $50.00 in a Monday, August 8 report. Finally, DA Davidson raised its price target on WillScot Mobile Mini to $50.00 in a Tuesday, August 9 report.

Pricing performance of the WillScot Mobile Mini

The NASDAQ WSC opened at $42.56 on Friday. The company has a debt ratio of 1.70, a quick ratio of 0.84 and a current ratio of 0.91. The company’s 50-day moving average is $38.35 and its 200-day moving average is $36.78. The company has a market capitalization of $9.47 billion, a PE ratio of 38.00, a growth price-earnings ratio of 1.06 and a beta of 1.68. WillScot Mobile Mini has a fifty-two week low of $28.14 and a fifty-two week high of $43.71.

Insider activity

In related news, the director Erik Olson sold 126,647 shares of the company in a trade on Tuesday, August 16. The stock was sold at an average price of $43.43, for a total value of $5,500,279.21. Following the completion of the sale, the administrator now directly owns 631,938 shares of the company, valued at $27,445,067.34. The sale was disclosed in a filing with the SEC, accessible via this link. Separately, Executive Vice President Hezron T. Lopez sold 4,095 shares of the company in a trade on Tuesday, August 9. The stock was sold at an average price of $41.50, for a total value of $169,942.50. Following the completion of the sale, the executive vice president now directly owns 2,304 shares of the company, valued at $95,616. The sale was disclosed in a filing with the SEC, accessible via this link. Also, director Erik Olson sold 126,647 shares of the company in a trade on Tuesday, August 16. The stock was sold at an average price of $43.43, for a total value of $5,500,279.21. Following the completion of the sale, the director now owns 631,938 shares of the company, valued at $27,445,067.34. Disclosure of this sale can be found here. Insiders sold 230,742 shares of the company valued at $9,806,222 in the past ninety days. Insiders hold 2.80% of the shares of the company.

WillScot Mobile Mini Institutional Trading

Hedge funds and other institutional investors have recently been buying and selling shares of the company. Northwestern Mutual Wealth Management Co. bought a new stock position in WillScot Mobile Mini during the first quarter worth $32,000. Parallax Volatility Advisers LP bought a new stock position in WillScot Mobile Mini during the fourth quarter worth $1,023,000. Emerald Advisers LLC increased its stake in WillScot Mobile Mini shares by 12.2% during the first quarter. Emerald Advisers LLC now owns 57,798 shares of the company valued at $2,262,000 after purchasing an additional 6,274 shares during the period. Covestor Ltd bought a new position in shares of WillScot Mobile Mini during the fourth quarter worth $65,000. Finally, Teacher Retirement System of Texas increased its stake in WillScot Mobile Mini shares by 4.6% during the first quarter. Teacher Retirement System of Texas now owns 34,405 shares of the company valued at $1,346,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other institutional investors own 94.92% of the company’s shares.

About WillScot Mobile Mini

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WillScot Mobile Mini Holdings Corp. provides workspaces and portable storage solutions in the United States, Canada, Mexico and the United Kingdom. The Company rents modular space and portable storage units to customers in commercial and industrial, construction, education, energy and natural resources, government and other end markets.