Erik Olsson Sells 110,307 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Stock

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) Director Erik Olsson sold 110,307 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the sale, the director now directly owns 626,306 shares in the company, valued at $18,908,178.14. The trade was a 14.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

WillScot Mobile Mini Price Performance

WSC stock traded up $0.85 during trading on Monday, hitting $30.60. The stock had a trading volume of 3,399,089 shares, compared to its average volume of 2,578,284. The company's 50-day moving average price is $34.61 and its two-hundred day moving average price is $36.07. WillScot Mobile Mini Holdings Corp. has a twelve month low of $27.58 and a twelve month high of $46.75. The stock has a market capitalization of $5.62 billion, a P/E ratio of 204.01, a PEG ratio of 2.18 and a beta of 1.45. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) 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. The firm had revenue of $602.52 million during the quarter, compared to analysts' expectations 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 predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

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WillScot Mobile Mini Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini's payout ratio is presently 186.67%.

Institutional Trading of WillScot Mobile Mini

Large investors have recently bought and sold shares of the business. State of Wyoming acquired a new position in shares of WillScot Mobile Mini during the 4th quarter worth approximately $34,000. Jones Financial Companies Lllp lifted its position in WillScot Mobile Mini by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after buying an additional 1,113 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in WillScot Mobile Mini by 16.4% during the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company's stock worth $80,000 after buying an additional 302 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in WillScot Mobile Mini in the 4th quarter valued at $154,000. Finally, Headlands Technologies LLC acquired a new stake in shares of WillScot Mobile Mini in the 4th quarter worth $174,000. Hedge funds and other institutional investors own 95.81% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on WSC shares. Morgan Stanley upgraded shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Oppenheimer cut their price target on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Finally, Robert W. Baird lowered 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. Five research 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 presently has an average rating of "Moderate Buy" and an average target price of $42.67.

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.