WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $40.50 Average Target Price from Analysts

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $40.50.

WSC has been the topic of several recent analyst reports. Robert W. Baird decreased their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Oppenheimer lowered their price objective on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Barclays reduced their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, April 4th. Finally, Morgan Stanley cut their price objective on WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th.

WillScot Mobile Mini Price Performance

WSC stock opened at $27.04 on Friday. WillScot Mobile Mini has a 1 year low of $21.91 and a 1 year high of $43.80. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The firm has a market capitalization of $4.96 billion, a PE ratio of 180.28, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The business has a 50 day simple moving average of $27.20 and a 200-day simple moving average of $33.28.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). The company had revenue of $559.55 million during the quarter, compared to analyst estimates of $555.51 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.29 earnings per share. Equities research analysts anticipate that WillScot Mobile Mini will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid 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 payout ratio is 311.11%.

Insider Activity at WillScot Mobile Mini

In related news, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction on 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 transaction, the director now directly owns 626,306 shares in the company, valued at approximately $18,908,178.14. This trade represents a 14.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Timothy D. Boswell bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On WillScot Mobile Mini

Large investors have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of WillScot Mobile Mini during the 4th quarter worth about $97,734,000. Franklin Resources Inc. lifted its stake in WillScot Mobile Mini by 34.4% during the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company’s stock worth $345,020,000 after purchasing an additional 2,639,559 shares during the last quarter. Van Berkom & Associates Inc. acquired a new position in WillScot Mobile Mini in the fourth quarter valued at approximately $58,855,000. Invesco Ltd. increased its stake in WillScot Mobile Mini by 747.1% in the fourth quarter. Invesco Ltd. now owns 1,820,316 shares of the company’s stock valued at $60,890,000 after purchasing an additional 1,605,436 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

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.