Analysts Set WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Price Target at $42.67

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have been given an average rating of “Moderate Buy” by the ten research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $42.67.

A number of research analysts have issued reports on WSC shares. 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 research report on Monday, March 10th. Oppenheimer reduced 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 report on Monday, March 10th. Finally, Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th.

WillScot Mobile Mini Stock Down 1.5 %

Shares of WSC opened at $30.28 on Friday. WillScot Mobile Mini has a 52 week low of $27.58 and a 52 week high of $47.18. The firm has a market cap of $5.56 billion, a P/E ratio of 201.88, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. The firm’s 50-day simple moving average is $34.81 and its 200 day simple moving average is $36.19. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results 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 net margin of 1.17% and a return on equity of 24.67%. The business had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. On average, analysts forecast that WillScot Mobile Mini will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Announces Dividend

The business also recently disclosed a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini’s payout ratio is 186.67%.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, 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 transaction of $3,330,168.33. Following the transaction, the director now directly owns 626,306 shares of the company’s stock, valued at approximately $18,908,178.14. The trade was a 14.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Timothy D. Boswell purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $29.14 per share, with a total value 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. 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 owned by insiders.

Institutional Trading of WillScot Mobile Mini

Institutional investors have recently added to or reduced their stakes in the stock. Carnegie Lake Advisors LLC lifted its position in shares of WillScot Mobile Mini by 0.5% in the 4th quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company’s stock worth $1,826,000 after purchasing an additional 280 shares during the period. First Horizon Advisors Inc. lifted its position in shares of WillScot Mobile Mini by 16.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after purchasing an additional 302 shares during the period. Sciencast Management LP lifted its position in shares of WillScot Mobile Mini by 0.9% in the 4th quarter. Sciencast Management LP now owns 56,961 shares of the company’s stock worth $1,905,000 after purchasing an additional 491 shares during the period. KBC Group NV lifted its position in shares of WillScot Mobile Mini by 14.7% in the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after purchasing an additional 655 shares during the period. Finally, State of Wyoming acquired a new position in shares of WillScot Mobile Mini in the 4th quarter worth approximately $34,000. 95.81% of the stock is currently owned by institutional investors.

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.