WillScot Mobile Mini (NASDAQ:WSC - Free Report) had its price objective reduced by Robert W. Baird from $38.00 to $32.00 in a research note released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.
Separately, Morgan Stanley upgraded shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.67.
Check Out Our Latest Research Report on WSC
WillScot Mobile Mini Stock Up 6.0 %
Shares of NASDAQ:WSC traded up $1.69 during midday trading on Monday, reaching $29.76. The company had a trading volume of 8,760,132 shares, compared to its average volume of 2,389,217. 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 stock's fifty day moving average price is $35.42 and its 200-day moving average price is $36.64. The stock has a market capitalization of $5.46 billion, a P/E ratio of 198.41, a PEG ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini has a one year low of $27.58 and a one year high of $47.18.
WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) 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 business had revenue of $602.52 million during the quarter, compared to analyst estimates of $606.55 million. Equities research analysts expect that WillScot Mobile Mini will post 1.77 earnings per share for the current fiscal year.
WillScot Mobile Mini Announces Dividend
The company also recently declared a -- dividend, which will be paid on Wednesday, March 19th. Stockholders 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
In other news, insider Graeme Parkes sold 2,900 shares of the business's stock in a transaction 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 completion of the transaction, the insider now owns 72,818 shares of the company's stock, valued at approximately $2,694,994.18. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.30% of the company's stock.
Institutional Investors Weigh In On WillScot Mobile Mini
Several institutional investors have recently bought and sold shares of WSC. Verdence Capital Advisors LLC lifted its holdings in WillScot Mobile Mini by 4.9% in the third quarter. Verdence Capital Advisors LLC now owns 20,210 shares of the company's stock worth $760,000 after purchasing an additional 936 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in WillScot Mobile Mini by 1.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 65,320 shares of the company's stock worth $2,456,000 after purchasing an additional 1,220 shares during the period. Weil Company Inc. acquired a new stake in WillScot Mobile Mini in the third quarter worth about $366,000. WCM Investment Management LLC lifted its holdings in WillScot Mobile Mini by 0.4% in the third quarter. WCM Investment Management LLC now owns 426,255 shares of the company's stock worth $16,441,000 after purchasing an additional 1,887 shares during the period. Finally, Entropy Technologies LP acquired a new stake in WillScot Mobile Mini in the third quarter worth about $613,000. Institutional investors and hedge funds own 95.81% of the company's stock.
About WillScot Mobile Mini
(
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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.
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