Analysts Set WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) PT at $42.00

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $42.00.

A number of research analysts have issued reports on WSC shares. Oppenheimer lowered their price objective 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. Barclays dropped 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 research note on Friday, April 4th. Morgan Stanley raised 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. Finally, Robert W. Baird lowered 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.

WillScot Mobile Mini Stock Down 0.4 %

WSC stock traded down $0.10 during midday trading on Tuesday, hitting $24.69. The stock had a trading volume of 3,072,906 shares, compared to its average volume of 2,712,795. 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 firm has a market cap of $4.53 billion, a price-to-earnings ratio of 164.61, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. The business has a 50-day moving average of $31.18 and a two-hundred day moving average of $34.72. WillScot Mobile Mini has a 52-week low of $21.91 and a 52-week high of $43.80.

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WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $602.52 million for the quarter, compared to the consensus estimate of $606.55 million. As a group, equities research analysts forecast 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 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 dividend payout ratio is presently 186.67%.

Insider Activity

In other WillScot Mobile Mini news, COO Timothy D. Boswell purchased 5,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the transaction, the chief operating officer now owns 34,156 shares of the company's stock, valued at approximately $995,305.84. The trade was a 17.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction 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 sale, the director now directly owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. The trade was a 14.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.30% of the company's stock.

Hedge Funds Weigh In On WillScot Mobile Mini

Institutional investors have recently bought and sold shares of the stock. Impax Asset Management Group plc bought a new stake in WillScot Mobile Mini during the 4th quarter worth approximately $7,192,000. New York Life Investment Management LLC bought a new stake in shares of WillScot Mobile Mini during the 4th quarter valued at $679,000. Geneva Capital Management LLC purchased a new position in shares of WillScot Mobile Mini during the 4th quarter valued at $23,194,000. River Road Asset Management LLC boosted its holdings in WillScot Mobile Mini by 14.7% in the 4th quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock worth $54,081,000 after buying an additional 206,962 shares during the period. Finally, TCW Group Inc. increased its stake in WillScot Mobile Mini by 20.1% in the 4th quarter. TCW Group Inc. now owns 46,436 shares of the company's stock worth $1,553,000 after buying an additional 7,763 shares in the last quarter. 95.81% of the stock is owned by institutional investors.

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.