Brokerages Set WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) PT at $45.50

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $45.50.

A number of equities analysts have issued reports on the stock. Barclays cut their price objective on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Robert W. Baird dropped their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Morgan Stanley upgraded WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Finally, Baird R W downgraded WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th.

WillScot Mobile Mini Stock Down 1.0 %

Shares of WSC traded down $0.38 during trading hours on Monday, reaching $38.67. The stock had a trading volume of 2,449,250 shares, compared to its average volume of 2,128,446. WillScot Mobile Mini has a 12 month low of $32.57 and a 12 month high of $50.22. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 351.58, a P/E/G ratio of 2.00 and a beta of 1.41. The firm has a 50-day simple moving average of $35.91 and a 200 day simple moving average of $36.91. 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 (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. Equities research analysts predict that WillScot Mobile Mini will post 1.53 earnings per share for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The company also recently declared a -- dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is presently 254.55%.

Insider Transactions at WillScot Mobile Mini

In related news, insider Graeme Parkes sold 2,900 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the completion of the transaction, the insider now directly owns 72,818 shares of the company's stock, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

Several institutional investors have recently made changes to their positions in WSC. V Square Quantitative Management LLC purchased a new stake in WillScot Mobile Mini during the 3rd quarter worth about $25,000. State of Wyoming bought a new stake in shares of WillScot Mobile Mini during the fourth quarter valued at about $34,000. Financial Management Professionals Inc. purchased a new stake in shares of WillScot Mobile Mini in the third quarter worth about $36,000. Jones Financial Companies Lllp boosted its position in shares of 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 acquiring an additional 1,113 shares during the period. Finally, First Horizon Advisors Inc. grew 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 valued at $80,000 after acquiring an additional 302 shares in the last quarter. 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.