WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Short Interest Up 26.9% in March

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 18,750,000 shares, a growth 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 days-to-cover ratio is currently 5.4 days. Currently, 10.5% of the shares of the stock are short sold.

Insiders Place Their Bets

In other WillScot Mobile Mini news, COO Timothy D. Boswell acquired 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the transaction, the chief operating officer now owns 34,156 shares in the company, valued at approximately $995,305.84. This trade represents a 17.15 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the completion of the sale, the director now owns 626,306 shares in the company, valued at $18,908,178.14. The trade was a 14.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

Institutional Trading of WillScot Mobile Mini

A number of institutional investors and hedge funds have recently modified their holdings of WSC. Osborne Partners Capital Management LLC boosted its holdings in WillScot Mobile Mini by 5.2% during the first quarter. Osborne Partners Capital Management LLC now owns 327,427 shares of the company’s stock valued at $9,102,000 after acquiring an additional 16,142 shares during the period. State of Alaska Department of Revenue bought a new position in WillScot Mobile Mini in the 1st quarter worth approximately $2,845,000. Fifth Third Bancorp lifted its holdings 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 worth $66,000 after buying an additional 516 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of WillScot Mobile Mini in the first quarter valued at approximately $1,689,000. Finally, GAMMA Investing LLC increased its position in 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 acquiring an additional 683 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on WSC shares. Robert W. Baird decreased their price target 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. Barclays cut their price target on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, April 4th. Oppenheimer cut their target price 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 lowered their price target on 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.50.

WillScot Mobile Mini Trading Down 4.6 %

NASDAQ:WSC opened at $22.25 on Tuesday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The company has a market capitalization of $4.08 billion, a P/E ratio of 148.34, 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 stock’s 50 day moving average price is $29.54 and its 200 day moving average price is $34.09.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (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, research analysts forecast that WillScot Mobile Mini will post 1.77 EPS for the current fiscal 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 given a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini’s payout ratio is currently 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.