WillScot Mobile Mini (NASDAQ:WSC) Trading Down 9.1% - Should You Sell?

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report)'s share price dropped 9.1% on Friday . The company traded as low as $35.20 and last traded at $35.16. Approximately 2,947,019 shares were traded during trading, an increase of 37% from the average daily volume of 2,146,111 shares. The stock had previously closed at $38.67.

Wall Street Analyst Weigh In

WSC has been the subject of a number of analyst reports. Robert W. Baird dropped their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and dropped their target price for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Morgan Stanley upgraded shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Finally, Barclays dropped their target price on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating for the company in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, WillScot Mobile Mini presently has a consensus rating of "Moderate Buy" and an average price target of $44.22.

WillScot Mobile Mini Stock Down 8.8 %

The stock's 50 day simple moving average is $35.97 and its two-hundred day simple moving average is $36.97. The firm has a market cap of $6.52 billion, a P/E ratio of 235.15, a P/E/G ratio of 2.18 and a beta of 1.41. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its earnings results 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. 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 the consensus estimate of $606.55 million. As a group, research 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 firm also recently announced a -- dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 5th.

Insider Buying and Selling at WillScot Mobile Mini

In related 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.30% of the company's stock.

Institutional Investors Weigh In On WillScot Mobile Mini

Institutional investors and hedge funds have recently made changes to their positions in the company. Douglass Winthrop Advisors LLC increased its position in shares of WillScot Mobile Mini by 32.4% during the third quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company's stock valued at $6,209,000 after acquiring an additional 40,393 shares in the last quarter. Buck Wealth Strategies LLC grew its position in WillScot Mobile Mini by 39.6% in the 4th quarter. Buck Wealth Strategies LLC now owns 107,307 shares of the company's stock worth $3,589,000 after purchasing an additional 30,450 shares during the period. First Sabrepoint Capital Management LP grew its position in WillScot Mobile Mini by 17.5% in the 3rd quarter. First Sabrepoint Capital Management LP now owns 238,143 shares of the company's stock worth $8,954,000 after purchasing an additional 35,492 shares during the period. Bislett Management LLC grew its position in WillScot Mobile Mini by 3.1% in the 3rd quarter. Bislett Management LLC now owns 1,170,000 shares of the company's stock worth $43,992,000 after purchasing an additional 35,000 shares during the period. Finally, Swedbank AB grew its position in WillScot Mobile Mini by 229.2% in the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company's stock worth $121,298,000 after purchasing an additional 2,246,000 shares during the period. 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.