Brokerages Set WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) PT at $42.00

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $42.00.

WSC has been the topic of several recent research reports. Barclays dropped their price objective on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, April 4th. Oppenheimer dropped 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. Robert W. Baird reduced 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 research report on Monday, March 10th. Finally, Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th.

Insider Activity

In other 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 sale, the director now directly owns 626,306 shares in the company, valued at $18,908,178.14. This represents a 14.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Timothy D. Boswell acquired 5,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the purchase, the chief operating officer now owns 34,156 shares in the company, valued at approximately $995,305.84. This represents a 17.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its stake in shares of WillScot Mobile Mini by 9.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 47,437 shares of the company’s stock worth $1,784,000 after purchasing an additional 4,140 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of WillScot Mobile Mini by 13.7% during the third quarter. HighTower Advisors LLC now owns 32,686 shares of the company’s stock valued at $1,237,000 after buying an additional 3,942 shares during the period. Janus Henderson Group PLC boosted its position in WillScot Mobile Mini by 4.4% during the third quarter. Janus Henderson Group PLC now owns 147,175 shares of the company’s stock worth $5,535,000 after acquiring an additional 6,262 shares during the last quarter. Quantinno Capital Management LP grew its stake in WillScot Mobile Mini by 21.7% in the 3rd quarter. Quantinno Capital Management LP now owns 9,420 shares of the company’s stock worth $354,000 after acquiring an additional 1,681 shares during the period. Finally, State Street Corp raised its holdings in WillScot Mobile Mini by 2.3% in the 3rd quarter. State Street Corp now owns 3,346,779 shares of the company’s stock valued at $125,839,000 after acquiring an additional 74,212 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Performance

NASDAQ WSC opened at $24.79 on Tuesday. The firm has a market cap of $4.55 billion, a P/E ratio of 165.28, a P/E/G ratio of 2.18 and a beta of 1.25. WillScot Mobile Mini has a 52-week low of $21.91 and a 52-week high of $43.80. The business’s 50-day moving average price is $31.39 and its 200 day moving average price is $34.82. 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 announced its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $602.52 million for the quarter, compared to the consensus estimate of $606.55 million. On average, equities research analysts expect that WillScot Mobile Mini will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Dividend Announcement

The business also recently announced a — dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio (DPR) is presently 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.