WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $40.63 Average PT from Analysts

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten research firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $40.63.

WSC has been the subject of a number of research analyst reports. Oppenheimer cut their price objective on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Barclays dropped their price target on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Morgan Stanley raised their price objective on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Robert W. Baird dropped their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Finally, William Blair reissued a "market perform" rating on shares of WillScot Mobile Mini in a research note on Thursday.

Insider Activity

In other WillScot Mobile Mini news, Director Erik Olsson sold 110,307 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total value of $3,330,168.33. Following the sale, the director now directly owns 626,306 shares in the company, valued at approximately $18,908,178.14. This trade represents a 14.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Timothy D. Boswell bought 5,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was 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 owns 34,156 shares of the company's stock, valued at approximately $995,305.84. This trade represents a 17.15% increase in their position. The disclosure for this purchase can be found here. 3.30% of the stock is owned by insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

Several hedge funds have recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new stake in WillScot Mobile Mini in the first quarter worth $99,000. SCS Capital Management LLC acquired a new stake in WillScot Mobile Mini in the first quarter worth $696,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in WillScot Mobile Mini by 1.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 724,638 shares of the company's stock worth $20,145,000 after purchasing an additional 8,963 shares during the period. United Services Automobile Association acquired a new stake in shares of WillScot Mobile Mini during the first quarter worth $312,000. Finally, Clearline Capital LP raised its holdings in shares of WillScot Mobile Mini by 69.8% during the first quarter. Clearline Capital LP now owns 539,277 shares of the company's stock worth $14,992,000 after acquiring an additional 221,753 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Stock Down 1.1%

NASDAQ:WSC traded down $0.31 during trading hours on Wednesday, reaching $27.29. The company's stock had a trading volume of 1,365,459 shares, compared to its average volume of 2,697,038. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. WillScot Mobile Mini has a one year low of $21.91 and a one year high of $43.80. The business's 50-day moving average is $26.49 and its 200-day moving average is $32.19. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 181.95, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm had revenue of $559.55 million for the quarter, compared to the consensus estimate of $555.51 million. During the same quarter last year, the company earned $0.29 earnings per share. The firm's revenue was down 4.7% on a year-over-year basis. Equities research analysts predict that WillScot Mobile Mini will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.28 annualized dividend and a dividend yield of 1.03%. WillScot Mobile Mini's dividend payout ratio (DPR) is currently 311.11%.

About WillScot Mobile Mini

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.