WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Short Interest Update

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 18,750,000 shares, a growth of 26.9% from the March 15th total of 14,770,000 shares. Currently, 10.5% of the company’s shares are short sold. Based on an average daily trading volume, of 3,480,000 shares, the days-to-cover ratio is presently 5.4 days.

Insider Buying and Selling

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 acquired 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 directly owns 34,156 shares of the company’s stock, valued at approximately $995,305.84. This trade represents a 17.15 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Erik Olsson sold 110,307 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in WillScot Mobile Mini by 273.2% in the first quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock worth $26,000 after acquiring an additional 683 shares during the last quarter. State of Wyoming bought a new stake in shares of WillScot Mobile Mini in the 4th quarter worth approximately $34,000. Fifth Third Bancorp grew its stake in WillScot Mobile Mini by 28.0% during the 1st quarter. Fifth Third Bancorp now owns 2,358 shares of the company’s stock worth $66,000 after buying an additional 516 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in WillScot Mobile Mini by 93.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock valued at $77,000 after buying an additional 1,113 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of WillScot Mobile Mini during the fourth quarter valued at $154,000. 95.81% of the stock is currently owned by institutional investors.

WillScot Mobile Mini Stock Down 4.6 %

Shares of NASDAQ:WSC opened at $22.25 on Tuesday. WillScot Mobile Mini has a 12-month low of $21.91 and a 12-month high of $43.80. 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 $4.08 billion, a PE ratio of 148.34, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. The company has a fifty day simple moving average of $29.54 and a 200 day simple moving average of $34.09.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 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 business had revenue of $602.52 million for the quarter, compared to analysts’ expectations of $606.55 million. On average, equities research analysts anticipate that WillScot Mobile Mini will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

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

Analyst Upgrades and Downgrades

WSC has been the topic of several recent research reports. Barclays reduced their target price on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, April 4th. Oppenheimer reduced their price objective on 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. 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, Morgan Stanley lowered their price objective on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $40.50.

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.