WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Director Erik Olsson Sells 110,307 Shares

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Director Erik Olsson sold 110,307 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock traded down $0.47 during midday trading on Thursday, hitting $30.28. 3,188,360 shares of the company’s stock were exchanged, compared to its average volume of 2,446,289. WillScot Mobile Mini Holdings Corp. has a 12-month low of $27.58 and a 12-month high of $47.18. 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 stock has a market cap of $5.56 billion, a price-to-earnings 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.

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 the consensus estimate 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 company had revenue of $602.52 million for the quarter, compared to the consensus estimate of $606.55 million. Equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The company also recently announced 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%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Robert W. Baird cut 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 note on Monday, March 10th. Finally, Oppenheimer cut 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. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.67.

Institutional Trading of WillScot Mobile Mini

Several hedge funds and other institutional investors have recently made changes to their positions in WSC. Norges Bank purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at about $97,734,000. Franklin Resources Inc. boosted its holdings in shares of WillScot Mobile Mini by 34.4% in the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company’s stock valued at $345,020,000 after acquiring an additional 2,639,559 shares in the last quarter. Swedbank AB boosted its holdings in shares of WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after acquiring an additional 2,246,000 shares in the last quarter. Van Berkom & Associates Inc. purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at about $58,855,000. Finally, Invesco Ltd. boosted its holdings in shares of 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 acquiring an additional 1,605,436 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

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.