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

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

WillScot Mobile Mini has a dividend 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 Trading Up 1.4 %

NASDAQ WSC traded up $0.54 on Wednesday, reaching $39.05. The company had a trading volume of 2,326,627 shares, compared to its average volume of 2,118,557. 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 business has a 50 day moving average of $35.82 and a two-hundred day moving average of $36.87. WillScot Mobile Mini has a fifty-two week low of $32.57 and a fifty-two week high of $50.57. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 355.03, a P/E/G ratio of 1.98 and a beta of 1.41.

Analysts Set New Price Targets

A number of analysts have weighed in on WSC shares. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price target for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Morgan Stanley upgraded 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 report on Tuesday, December 17th. Barclays decreased their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Robert W. Baird cut their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.50.

Insider Activity at WillScot Mobile Mini

In related news, insider Graeme Parkes sold 2,900 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the transaction, the insider now owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is owned by insiders.

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.