WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $42.67.

WSC has been the topic of a number of research analyst reports. Oppenheimer cut their target price on shares of 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. Robert W. Baird reduced their price objective 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, Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th.

WillScot Mobile Mini Stock Performance

NASDAQ WSC opened at $29.95 on Friday. The firm’s 50 day simple moving average is $34.95 and its 200 day simple moving average is $36.27. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 199.68, a P/E/G ratio of 2.18 and a beta of 1.45. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini has a 1 year low of $27.58 and a 1 year high of $47.18.

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

WillScot Mobile Mini Announces Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 5th. WillScot Mobile Mini’s payout ratio is presently 186.67%.

Insider Buying and Selling at WillScot Mobile Mini

In other news, COO Timothy D. Boswell acquired 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $29.14 per share, with a total value of $145,700.00. Following the purchase, the chief operating officer now owns 34,156 shares in the company, valued at $995,305.84. This trade represents a 17.15 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On WillScot Mobile Mini

Hedge funds and other institutional investors have recently bought and sold shares of the company. State of New Jersey Common Pension Fund D raised its position in shares of WillScot Mobile Mini by 1.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 65,320 shares of the company’s stock worth $2,456,000 after acquiring an additional 1,220 shares in the last quarter. Entropy Technologies LP acquired a new stake in WillScot Mobile Mini during the third quarter worth approximately $613,000. KBC Group NV increased its holdings in WillScot Mobile Mini by 14.7% in the third quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after purchasing an additional 655 shares in the last quarter. Pathstone Holdings LLC lifted its stake in WillScot Mobile Mini by 40.9% in the third quarter. Pathstone Holdings LLC now owns 42,549 shares of the company’s stock valued at $1,600,000 after buying an additional 12,346 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of WillScot Mobile Mini during the 3rd quarter worth approximately $4,418,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

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.