WillScot Mobile Mini (NASDAQ:WSC) Stock Price Down 9.1% – Here’s What Happened

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)’s stock price fell 9.1% during mid-day trading on Friday . The stock traded as low as $35.20 and last traded at $35.16. 2,947,019 shares changed hands during trading, an increase of 37% from the average session volume of 2,146,111 shares. The stock had previously closed at $38.67.

Analysts Set New Price Targets

Several research firms have commented on WSC. Robert W. Baird reduced their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Barclays cut their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price target for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.50.

WillScot Mobile Mini Price Performance

The stock’s 50-day moving average is $35.96 and its 200-day moving average is $36.92. The firm has a market cap of $6.52 billion, a P/E ratio of 320.94, a price-to-earnings-growth ratio of 2.05 and a beta of 1.41. 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 (NASDAQ:WSC) last posted its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The business had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. As a group, equities analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The business also recently declared a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, March 5th.

Insider Buying and Selling

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the completion of the sale, the insider now owns 72,818 shares of the company’s stock, valued at $2,694,994.18. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of institutional investors have recently modified their holdings of WSC. Raymond James & Associates raised its stake in WillScot Mobile Mini by 9.3% during the third quarter. Raymond James & Associates now owns 274,026 shares of the company’s stock worth $10,303,000 after acquiring an additional 23,202 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of WillScot Mobile Mini by 3,631.0% during the 3rd quarter. International Assets Investment Management LLC now owns 24,177 shares of the company’s stock worth $909,000 after buying an additional 23,529 shares in the last quarter. Mraz Amerine & Associates Inc. bought a new position in shares of WillScot Mobile Mini during the 3rd quarter worth approximately $254,000. Osborne Partners Capital Management LLC boosted its holdings in shares of WillScot Mobile Mini by 2.1% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 160,467 shares of the company’s stock worth $6,034,000 after buying an additional 3,303 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in shares of WillScot Mobile Mini during the third quarter worth approximately $36,000. 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.