WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Receives $42.67 Consensus Price Target from Brokerages

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $42.67.

Several equities research analysts recently issued reports on WSC shares. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Robert W. Baird decreased their target price on shares of 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 decreased 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.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ WSC opened at $29.95 on Friday. The company has a market cap of $5.50 billion, a PE ratio of 199.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini has a 12 month low of $27.58 and a 12 month high of $47.18. 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 company has a 50-day simple moving average of $35.10 and a 200-day simple moving average of $36.39.

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 analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $602.52 million during 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%. On average, equities analysts anticipate that WillScot Mobile Mini will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Announces Dividend

The firm also recently declared a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio (DPR) is 186.67%.

Insider Buying and Selling at WillScot Mobile Mini

In other news, COO Timothy D. Boswell acquired 5,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Institutional Trading of WillScot Mobile Mini

A number of hedge funds have recently made changes to their positions in WSC. State of New Jersey Common Pension Fund D raised its stake in shares of WillScot Mobile Mini by 1.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 65,320 shares of the company’s stock valued at $2,456,000 after purchasing an additional 1,220 shares during the period. Entropy Technologies LP purchased a new stake in shares of WillScot Mobile Mini during the third quarter valued at approximately $613,000. KBC Group NV raised its stake in shares of WillScot Mobile Mini by 14.7% during the third 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. Pathstone Holdings LLC raised its stake in shares of WillScot Mobile Mini by 40.9% during the third quarter. Pathstone Holdings LLC now owns 42,549 shares of the company’s stock valued at $1,600,000 after purchasing an additional 12,346 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of WillScot Mobile Mini during the third quarter valued at approximately $4,418,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

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.