WillScot Mobile Mini (NASDAQ:WSC) Reaches New 1-Year Low - Time to Sell?

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report)'s stock price reached 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 changing hands. The stock had previously closed at $28.15.

Analyst Upgrades and Downgrades

Several research analysts have commented on WSC shares. Morgan Stanley upgraded shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Barclays cut their price objective on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday. Robert W. Baird decreased their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Finally, Oppenheimer dropped their price target on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, WillScot Mobile Mini currently has a consensus rating of "Moderate Buy" and an average price target of $42.00.

WillScot Mobile Mini Stock Down 8.1 %

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 has a 50 day simple moving average of $33.18 and a 200-day simple moving average of $35.57. The firm has a market cap of $4.34 billion, a PE ratio of 157.54, a PEG ratio of 2.18 and a beta of 1.25.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly 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. The firm had revenue of $602.52 million during the quarter, compared to analyst estimates of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. Sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The firm also recently declared 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 at WillScot Mobile Mini

In other WillScot Mobile Mini news, 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 completion of the sale, the director now directly owns 626,306 shares in the company, valued at approximately $18,908,178.14. The trade was a 14.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Timothy D. Boswell purchased 5,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the acquisition, the chief operating officer now directly 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 currently owned by insiders.

Hedge Funds Weigh In On WillScot Mobile Mini

Several institutional investors have recently made changes to their positions in WSC. State of Wyoming purchased a new stake in WillScot Mobile Mini during the fourth quarter valued at approximately $34,000. Jones Financial Companies Lllp increased its stake in shares of WillScot Mobile Mini by 93.5% in the 4th 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. Canada Pension Plan Investment Board bought a new stake in WillScot Mobile Mini during the fourth quarter valued at about $154,000. Headlands Technologies LLC purchased a new stake in WillScot Mobile Mini in the fourth quarter worth about $174,000. Finally, FourThought Financial Partners LLC bought a new position in shares of WillScot Mobile Mini in the fourth quarter worth about $216,000. Institutional investors 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.