WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $45.50 Consensus Target Price from Analysts

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five equities research 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 brokers that have updated their coverage on the stock in the last year is $44.22.

Several equities analysts recently weighed in on WSC shares. Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Barclays cut 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. Robert W. Baird cut their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price target for the company from $46.00 to $35.00 in a report on Thursday, October 31st.

WillScot Mobile Mini Price Performance

NASDAQ WSC opened at $35.27 on Monday. WillScot Mobile Mini has a twelve month low of $32.57 and a twelve month high of $49.98. 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 capitalization of $6.52 billion, a PE ratio of 235.15, a P/E/G ratio of 2.18 and a beta of 1.41. The stock has a 50-day simple moving average of $35.97 and a 200 day simple moving average of $36.97.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data 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. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The business had revenue of $602.52 million during the quarter, compared to analysts’ expectations of $606.55 million. Research analysts anticipate that WillScot Mobile Mini will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The business also recently announced a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, March 5th.

Insider Transactions at WillScot Mobile Mini

In related news, insider Graeme Parkes sold 2,900 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the sale, the insider now directly owns 72,818 shares in the company, valued at $2,694,994.18. This represents a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of large investors have recently bought and sold shares of WSC. V Square Quantitative Management LLC bought a new stake in WillScot Mobile Mini during the 3rd quarter worth approximately $25,000. State of Wyoming bought a new stake in WillScot Mobile Mini during the 4th quarter worth approximately $34,000. Financial Management Professionals Inc. bought a new stake in WillScot Mobile Mini during the 3rd quarter worth approximately $36,000. Jones Financial Companies Lllp grew its position in WillScot Mobile Mini by 93.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock worth $77,000 after acquiring an additional 1,113 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in WillScot Mobile Mini by 16.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after acquiring an additional 302 shares during the last quarter. 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.