WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Short Interest Update

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 18,750,000 shares, an increase of 26.9% from the March 15th total of 14,770,000 shares. Based on an average daily trading volume, of 3,480,000 shares, the short-interest ratio is presently 5.4 days. Currently, 10.5% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

WSC has been the subject of several research analyst reports. Barclays reduced their price objective on 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. Robert W. Baird reduced their price target on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock 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. Finally, Morgan Stanley reduced their target price on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Insider Activity

In related news, COO Timothy D. Boswell acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was 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 directly owns 34,156 shares of the company’s stock, valued at approximately $995,305.84. This trade represents a 17.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction dated Tuesday, March 18th. The stock was 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 directly owns 626,306 shares in the company, valued at $18,908,178.14. This trade represents a 14.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On WillScot Mobile Mini

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in shares of WillScot Mobile Mini by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock worth $26,000 after purchasing an additional 683 shares during the last quarter. State of Wyoming purchased a new stake in shares of WillScot Mobile Mini in the 4th quarter worth $34,000. Jones Financial Companies Lllp grew its position in shares of 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 in the last quarter. Fifth Third Bancorp increased its stake in shares of WillScot Mobile Mini by 28.0% during the first quarter. Fifth Third Bancorp now owns 2,358 shares of the company’s stock valued at $66,000 after buying an additional 516 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at about $154,000. 95.81% of the stock is owned by institutional investors.

WillScot Mobile Mini Stock Up 0.5 %

NASDAQ WSC opened at $23.32 on Monday. WillScot Mobile Mini has a 52 week low of $21.91 and a 52 week high of $43.80. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 155.48, a PEG ratio of 2.18 and a beta of 1.25. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The company has a fifty day moving average of $29.83 and a two-hundred day moving average of $34.20.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping 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 firm had revenue of $602.52 million during the quarter, compared to analysts’ expectations of $606.55 million. On average, analysts predict that WillScot Mobile Mini will post 1.77 earnings per share 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 $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini’s payout ratio is 186.67%.

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.