WillScot Mobile Mini (NASDAQ:WSC) Hits New 12-Month Low - What's Next?

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $26.91 and last traded at $27.59, with a volume of 129831 shares traded. The stock had previously closed at $28.15.

Wall Street Analyst Weigh In

WSC has been the subject of several analyst reports. Oppenheimer reduced their price target on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Morgan Stanley raised 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. Finally, Robert W. Baird dropped their price target on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $42.75.

WillScot Mobile Mini Stock Performance

The stock has a market cap of $5.08 billion, a P/E ratio of 184.25, 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. The company has a fifty day moving average of $33.65 and a 200 day moving average of $35.68.

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WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The company had revenue of $602.52 million for the quarter, compared to the consensus estimate of $606.55 million. On average, equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is currently 186.67%.

Insider Activity

In related news, Director Erik Olsson sold 110,307 shares of the 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 completion of the sale, the director now owns 626,306 shares in the company, valued at $18,908,178.14. This represents a 14.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Timothy D. Boswell purchased 5,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was 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 in the company, valued at approximately $995,305.84. This trade represents a 17.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

Several hedge funds and other institutional investors have recently modified their holdings of WSC. Norges Bank acquired a new stake in WillScot Mobile Mini in the 4th quarter worth $97,734,000. Franklin Resources Inc. grew its position in WillScot Mobile Mini by 34.4% during the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock worth $345,020,000 after buying an additional 2,639,559 shares in the last quarter. Van Berkom & Associates Inc. acquired a new stake in WillScot Mobile Mini during the fourth quarter worth about $58,855,000. Invesco Ltd. increased its stake in WillScot Mobile Mini by 747.1% during the fourth quarter. Invesco Ltd. now owns 1,820,316 shares of the company's stock valued at $60,890,000 after acquiring an additional 1,605,436 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its holdings in WillScot Mobile Mini by 1,246.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,229,196 shares of the company's stock valued at $41,117,000 after acquiring an additional 1,137,890 shares in the last quarter. 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.