WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Sees Large Decrease in Short Interest

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 14,800,000 shares, a decline of 21.1% from the March 31st total of 18,750,000 shares. Currently, 8.3% of the shares of the stock are sold short. Based on an average daily volume of 3,520,000 shares, the days-to-cover ratio is currently 4.2 days.

WillScot Mobile Mini Stock Down 0.1 %

WillScot Mobile Mini stock opened at $25.12 on Thursday. WillScot Mobile Mini has a twelve month low of $21.91 and a twelve month high of $43.80. The stock has a market cap of $4.61 billion, a P/E ratio of 167.48, a P/E/G ratio of 2.18 and a beta of 1.25. The company's 50-day moving average price is $27.64 and its two-hundred day moving average price is $33.53. 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 - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The company had revenue of $602.52 million during the quarter, compared to analysts' expectations of $606.55 million. As a group, analysts expect that WillScot Mobile Mini will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The company also recently declared a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is 186.67%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WSC shares. Barclays decreased 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 report on Friday, April 4th. Morgan Stanley dropped their target price on WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Oppenheimer cut 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. Finally, Robert W. Baird dropped their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, WillScot Mobile Mini presently has an average rating of "Moderate Buy" and a consensus target price of $40.50.

Insiders Place Their Bets

In other WillScot Mobile Mini news, COO Timothy D. Boswell bought 5,000 shares of the stock in a transaction on Thursday, March 13th. The stock was purchased 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 of the company's stock, valued at approximately $995,305.84. The trade was a 17.15 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the company's stock in a transaction dated 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 completion of the sale, the director now owns 626,306 shares of the company's stock, valued at $18,908,178.14. This 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 Investors Weigh In On WillScot Mobile Mini

Large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its stake 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 buying an additional 683 shares during the last quarter. State of Wyoming acquired a new stake in WillScot Mobile Mini during the fourth quarter worth approximately $34,000. Golden State Wealth Management LLC increased its stake in shares of WillScot Mobile Mini by 428.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,384 shares of the company's stock valued at $38,000 after acquiring an additional 1,122 shares in the last quarter. Fifth Third Bancorp increased its stake in WillScot Mobile Mini by 28.0% in the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company's stock valued at $66,000 after purchasing an additional 516 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in WillScot Mobile Mini by 93.5% during 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 period. Institutional investors and hedge funds own 95.81% of the company's stock.

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.

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