WillScot Mobile Mini (NASDAQ:WSC) Sets New 1-Year Low - Here's What Happened

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $32.30 and last traded at $32.37, with a volume of 781709 shares trading hands. The stock had previously closed at $32.95.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, WillScot Mobile Mini presently has an average rating of "Moderate Buy" and a consensus target price of $44.22.

WillScot Mobile Mini Stock Down 5.5 %

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 business's 50-day simple moving average is $35.60 and its 200-day simple moving average is $36.77. The company has a market capitalization of $5.15 billion, a PE ratio of 187.15, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (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 firm had revenue of $602.52 million during the quarter, compared to analysts' expectations of $606.55 million. As a group, equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

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WillScot Mobile Mini Announces Dividend

The business also recently announced a -- dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued 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 Activity at WillScot Mobile Mini

In other 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 transaction of $107,329.00. Following the sale, the insider now owns 72,818 shares of the company's stock, valued at $2,694,994.18. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is owned by company insiders.

Institutional Trading of WillScot Mobile Mini

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in shares of WillScot Mobile Mini during the 4th quarter worth about $34,000. Jones Financial Companies Lllp boosted 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 purchasing an additional 1,113 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in WillScot Mobile Mini by 16.4% in the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company's stock valued at $80,000 after purchasing an additional 302 shares during the period. Canada Pension Plan Investment Board acquired a new stake in WillScot Mobile Mini in the fourth quarter valued at approximately $154,000. Finally, Headlands Technologies LLC purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $174,000. Institutional investors and hedge funds own 95.81% of the company's stock.

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.