WillScot Mobile Mini (NASDAQ:WSC) Shares Gap Up - Here's What Happened

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $28.07, but opened at $28.76. WillScot Mobile Mini shares last traded at $29.13, with a volume of 1,275,928 shares.

Analyst Upgrades and Downgrades

WSC has been the topic of a number of research analyst reports. Morgan Stanley raised WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Oppenheimer lowered their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Robert W. Baird reduced their price target on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $42.67.

WillScot Mobile Mini Stock Up 1.0 %

The company's 50 day moving average price is $35.35 and its two-hundred day moving average price is $36.58. The stock has a market cap of $5.52 billion, a P/E ratio of 200.48, a PEG ratio of 2.18 and a beta of 1.45. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

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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 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. The firm had revenue of $602.52 million for the quarter, compared to analysts' expectations of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. Equities analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 5th. WillScot Mobile Mini's payout ratio is 186.67%.

Insider Buying and Selling

In related news, insider Graeme Parkes sold 2,900 shares of the company'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 in the company, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by insiders.

Institutional Trading of WillScot Mobile Mini

Hedge funds have recently bought and sold shares of the stock. State of Wyoming bought a new stake in shares of WillScot Mobile Mini in the fourth quarter worth about $34,000. Jones Financial Companies Lllp boosted its stake 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 valued at $77,000 after buying an additional 1,113 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in WillScot Mobile Mini by 16.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company's stock valued at $80,000 after buying an additional 302 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in WillScot Mobile Mini in the 4th quarter worth approximately $154,000. Finally, Headlands Technologies LLC purchased a new stake in shares of WillScot Mobile Mini during the 4th quarter worth approximately $174,000. Hedge funds and other 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.