WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $42.00 Average Price Target from Analysts

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $42.00.

A number of research firms have issued reports on WSC. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Barclays cut their price target on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Oppenheimer lowered their price objective on 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. Finally, Robert W. Baird cut their target price 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 Activity at WillScot Mobile Mini

In related news, Director Erik Olsson sold 110,307 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Timothy D. Boswell bought 5,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were bought 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 owns 34,156 shares of the company’s stock, valued at approximately $995,305.84. The trade was a 17.15 % increase in their position. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On WillScot Mobile Mini

Several large investors have recently bought and sold shares of WSC. Norges Bank acquired a new position in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $97,734,000. Franklin Resources Inc. grew its holdings in WillScot Mobile Mini by 34.4% during the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company’s stock worth $345,020,000 after acquiring an additional 2,639,559 shares during the last quarter. Van Berkom & Associates Inc. acquired a new position in WillScot Mobile Mini in the 4th quarter valued at approximately $58,855,000. Invesco Ltd. raised its stake in shares of WillScot Mobile Mini by 747.1% during the fourth quarter. Invesco Ltd. now owns 1,820,316 shares of the company’s stock valued at $60,890,000 after acquiring an additional 1,605,436 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of WillScot Mobile Mini by 1,246.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,229,196 shares of the company’s stock worth $41,117,000 after purchasing an additional 1,137,890 shares during the period. 95.81% of the stock is currently owned by institutional investors.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock opened at $24.69 on Tuesday. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 164.61, a PEG ratio of 2.18 and a beta of 1.25. The stock’s 50 day moving average is $31.18 and its 200-day moving average is $34.72. 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 has a 12 month low of $21.91 and a 12 month high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. Equities 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 declared a — dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued 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 (DPR) is currently 186.67%.

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.