Brokerages Set WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Target Price at $42.67

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $42.67.

A number of research analysts have weighed in on WSC shares. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Robert W. Baird decreased their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, March 10th. Finally, Oppenheimer dropped their price target on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, March 10th.

WillScot Mobile Mini Stock Performance

Shares of WSC opened at $29.95 on Friday. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 199.68, a PEG ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini has a 12 month low of $27.58 and a 12 month high of $47.18. The firm has a fifty day simple moving average of $34.95 and a 200 day simple moving average of $36.27. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

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

WillScot Mobile Mini Dividend Announcement

The business also recently announced a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is presently 186.67%.

Insider Buying and Selling

In other news, COO Timothy D. Boswell purchased 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the purchase, the chief operating officer now directly owns 34,156 shares of the company’s stock, valued at $995,305.84. This trade represents a 17.15 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in shares of WillScot Mobile Mini in the fourth quarter valued at about $97,734,000. Franklin Resources Inc. raised its position in shares of WillScot Mobile Mini by 34.4% in the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company’s stock valued at $345,020,000 after buying an additional 2,639,559 shares in the last quarter. Swedbank AB boosted its stake in shares of WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after buying an additional 2,246,000 shares during the period. Van Berkom & Associates Inc. acquired a new stake in WillScot Mobile Mini during the fourth quarter worth approximately $58,855,000. Finally, Invesco Ltd. grew its position in WillScot Mobile Mini by 747.1% during the fourth quarter. Invesco Ltd. now owns 1,820,316 shares of the company’s stock worth $60,890,000 after buying an additional 1,605,436 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.