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 WillScot Mobile Mini stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total value of $3,330,168.33. Following the completion of the sale, the director now directly owns 626,306 shares of the company’s stock, valued at $18,908,178.14. This trade represents a 14.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

WillScot Mobile Mini Stock Performance

WSC stock opened at $30.28 on Friday. The business’s 50-day moving average price is $34.81 and its two-hundred day moving average price is $36.19. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The firm has a market cap of $5.56 billion, a PE ratio of 201.88, a P/E/G ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini Holdings Corp. has a 1-year low of $27.58 and a 1-year high of $47.18.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. As a group, research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Dividend Announcement

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

Institutional Trading of WillScot Mobile Mini

Several hedge funds and other institutional investors have recently modified their holdings of the company. Carnegie Lake Advisors LLC raised its stake 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 valued at $1,826,000 after purchasing an additional 280 shares during the period. First Horizon Advisors Inc. raised its stake 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 valued at $80,000 after purchasing an additional 302 shares during the period. Sciencast Management LP raised its stake 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 valued at $1,905,000 after purchasing an additional 491 shares during the period. KBC Group NV raised its stake 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 valued at $192,000 after purchasing an additional 655 shares during the period. Finally, State of Wyoming acquired a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WSC shares. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Robert W. Baird reduced their price target on 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. Finally, Oppenheimer reduced their price target on 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. Five investment 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.67.

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.