WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $40.63 Consensus Price Target from Brokerages

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

A number of equities research analysts have recently issued reports on the stock. Barclays cut their price objective 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. Robert W. Baird cut their price objective 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. Oppenheimer decreased 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 note on Monday, March 10th. William Blair restated a "market perform" rating on shares of WillScot Mobile Mini in a report on Thursday. Finally, Morgan Stanley upped their price target on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, May 12th.

Insider Buying and Selling at WillScot Mobile Mini

In other news, COO Timothy D. Boswell bought 5,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $29.14 per share, with a total value of $145,700.00. Following the acquisition, the chief operating officer now owns 34,156 shares in the company, valued at $995,305.84. This trade represents a 17.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $26.79 per share, with a total value of $267,900.00. Following the transaction, the chief executive officer now owns 128,817 shares in the company, valued at approximately $3,451,007.43. The trade was a 8.42% increase in their position. The disclosure for this purchase can be found here. 3.30% of the stock is owned by company insiders.

Institutional Trading of WillScot Mobile Mini

Several institutional investors and hedge funds have recently added to or reduced their stakes in WSC. GAMMA Investing LLC raised its holdings in shares of WillScot Mobile Mini by 273.2% during the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock worth $26,000 after acquiring an additional 683 shares during the period. State of Wyoming acquired a new position in WillScot Mobile Mini in the 4th quarter valued at about $34,000. Golden State Wealth Management LLC boosted its holdings in shares of WillScot Mobile Mini by 428.2% during the first quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock worth $38,000 after acquiring an additional 1,122 shares during the period. CWM LLC grew its holdings in WillScot Mobile Mini by 89.9% in the 1st quarter. CWM LLC now owns 1,747 shares of the company's stock valued at $49,000 after buying an additional 827 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in WillScot Mobile Mini by 28.0% during the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock worth $66,000 after buying an additional 516 shares during the period. 95.81% of the stock is owned by institutional investors.

WillScot Mobile Mini Price Performance

NASDAQ WSC traded down $0.34 on Wednesday, reaching $26.95. 1,469,713 shares of the company's stock traded hands, compared to its average volume of 2,704,093. The stock has a 50-day simple moving average of $26.37 and a 200 day simple moving average of $31.98. 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 12 month low of $21.91 and a 12 month high of $43.80. The stock has a market cap of $4.92 billion, a PE ratio of 179.68, a P/E/G ratio of 2.18 and a beta of 1.28.

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

WillScot Mobile Mini Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio (DPR) is presently 311.11%.

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.