WillScot Mobile Mini (NASDAQ:WSC) coverage initiated by Deutsche Bank Aktiengesellschaft analysts
Research analysts from Deutsche Bank Aktiengesellschaft have started covering the shares of WillScot Mobile Mini (NASDAQ: WSC – Get a rating) in a report released on Tuesday, Fly reports. The company has attached a “buy” rating to the stock.
WSC has been the subject of several other reports. Zacks Investment Research downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating in a Thursday, March 3, research report. Barclays upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised its target price for the company from $40.00 to $50.00 in a research report Wednesday, March 2. One analyst rated the stock with a hold rating and seven assigned the stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $40.50.
WillScot Mobile Mini stock traded at $0.58 during trading hours on Tuesday, hitting $40.25. The stock recorded a trading volume of 2,123,940 shares, compared to an average volume of 1,644,071 shares. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt ratio of 1.35. The stock has a market capitalization of $8.99 billion, a P/E ratio of 59.19, a growth price/earnings ratio of 1.42 and a beta of 1.75. WillScot Mobile Mini has a 12 month minimum of $26.15 and a 12 month maximum of $42.00. The stock’s 50-day moving average price is $37.15 and its 200-day moving average price is $36.67.
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WillScot Mobile Mini (NASDAQ: WSC – Get a rating) last released its results on Thursday, February 24. The company reported earnings per share (EPS) of $0.32 for the quarter, beating the consensus estimate of $0.29 by $0.03. WillScot Mobile Mini had a net margin of 8.45% and a return on equity of 10.09%. The company posted revenue of $517.92 million in the quarter, compared to $493.73 million expected by analysts. During the same period of the previous year, the company made earnings per share of $0.25. The company’s revenue for the quarter increased by 18.3% compared to the same quarter last year. On average, research analysts expect WillScot Mobile Mini to post 1.18 EPS for the current fiscal year.
Separately, director Rebecca L. Owen purchased 5,250 shares in a trade dated Friday, March 18. The shares were purchased at an average price of $38.34 per share, with a total value of $201,285.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, Executive Vice President Christopher J. Miner sold 133,056 shares of the company in a trade on Wednesday, March 16. The stock was sold at an average price of $36.83, for a total transaction of $4,900,452.48. Disclosure of this sale can be found here. Company insiders own 23.04% of the company’s shares.
A number of institutional investors have recently increased or reduced their stake in WSC. Eagle Bay Advisors LLC increased its stake in WillScot Mobile Mini shares by 16.6% in the third quarter. Eagle Bay Advisors LLC now owns 2,187 shares of the company valued at $70,000 after acquiring 312 additional shares during the period. Cetera Advisor Networks LLC increased its stake in shares of WillScot Mobile Mini by 3.5% in the third quarter. Cetera Advisor Networks LLC now owns 10,236 shares of the company valued at $325,000 after acquiring an additional 347 shares during the period. First Horizon Advisors Inc. increased its stake in WillScot Mobile Mini shares by 19.9% in the third quarter. First Horizon Advisors Inc. now owns 2,439 shares of the company valued at $116,000 after acquiring an additional 404 shares during the period. Arizona State Retirement System increased its stake in WillScot Mobile Mini shares by 1.1% in the third quarter. Arizona State Retirement System now owns 46,994 shares of the company valued at $1,491,000 after acquiring 496 additional shares during the period. Finally, FourThought Financial LLC increased its holdings of WillScot Mobile Mini shares by 9.6% in the third quarter. FourThought Financial LLC now owns 6,225 shares of the company worth $197,000 after purchasing an additional 546 shares in the last quarter. 98.14% of the shares are currently held by institutional investors.
About WillScot Mobile Mini (Get a rating)
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.
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