WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Declares $0.07 — Dividend

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) announced a — dividend on Tuesday, February 18th,Wall Street Journal reports. Stockholders of record on Wednesday, March 5th will be paid a dividend of 0.07 per share on Wednesday, March 19th. The ex-dividend date is Wednesday, March 5th.

WillScot Mobile Mini has a payout ratio of 12.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WillScot Mobile Mini to earn $1.79 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 15.6%.

WillScot Mobile Mini Stock Up 1.4 %

Shares of WSC stock opened at $39.05 on Thursday. 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 firm’s 50-day moving average is $35.91 and its 200-day moving average is $36.91. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 355.03, a PEG ratio of 2.00 and a beta of 1.41. WillScot Mobile Mini has a 52-week low of $32.57 and a 52-week high of $50.57.

Insiders Place Their Bets

In related news, insider Graeme Parkes sold 2,900 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the sale, the insider now owns 72,818 shares in the company, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WSC shares. Robert W. Baird dropped their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Barclays decreased their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price target for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, WillScot Mobile Mini presently has a consensus rating of “Moderate Buy” and an average price target of $45.50.

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.