WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $42.00.

WSC has been the topic of several analyst reports. Oppenheimer decreased their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. 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 note on Tuesday, December 17th. Barclays cut their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Robert W. Baird lowered their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, March 10th.

Insider Transactions at WillScot Mobile Mini

In other news, COO Timothy D. Boswell purchased 5,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the acquisition, the chief operating officer now directly owns 34,156 shares in the company, valued at $995,305.84. This represents a 17.15 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the sale, the director now directly owns 626,306 shares of the company’s stock, valued at $18,908,178.14. This trade represents a 14.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

Institutional investors have recently added to or reduced their stakes in the business. State of Wyoming bought a new position in shares of WillScot Mobile Mini during the fourth quarter valued at $34,000. Jones Financial Companies Lllp raised its position in WillScot Mobile Mini by 93.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock worth $77,000 after buying an additional 1,113 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in WillScot Mobile Mini during the 4th quarter valued at about $154,000. Headlands Technologies LLC purchased a new stake in shares of WillScot Mobile Mini during the 4th quarter valued at about $174,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of WillScot Mobile Mini in the fourth quarter worth approximately $216,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock opened at $23.99 on Tuesday. The firm has a fifty day simple moving average of $32.59 and a two-hundred day simple moving average of $35.29. WillScot Mobile Mini has a twelve month low of $21.91 and a twelve month high of $44.50. The company has a market capitalization of $4.40 billion, a PE ratio of 159.94, a P/E/G ratio of 2.18 and a beta of 1.25. 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 quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. Research analysts expect that WillScot Mobile Mini will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

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

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.