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

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) fell 9.1% during trading on Friday . The company traded as low as $35.20 and last traded at $35.16. 2,947,019 shares were traded during mid-day trading, an increase of 37% from the average session volume of 2,146,111 shares. The stock had previously closed at $38.67.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WSC. Barclays cut their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price target for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Finally, Robert W. Baird cut their price target on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.22.

WillScot Mobile Mini Trading Down 8.8 %

The business’s 50 day moving average price is $35.97 and its 200-day moving average price is $36.93. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 235.15, a PEG ratio of 2.18 and a beta of 1.41.

WillScot Mobile Mini (NASDAQ:WSC) last posted its 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 company had revenue of $602.52 million during the quarter, compared to analysts’ expectations of $606.55 million. On average, equities analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 5th.

Insiders Place Their Bets

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the completion of the sale, the insider now owns 72,818 shares in the company, valued at $2,694,994.18. The trade was a 3.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

Several hedge funds and other institutional investors have recently bought and sold shares of WSC. State of Wyoming acquired a new stake in WillScot Mobile Mini in the 4th quarter worth about $34,000. Financial Management Professionals Inc. bought a new position in WillScot Mobile Mini in the 3rd quarter valued at about $36,000. Jones Financial Companies Lllp increased its holdings in WillScot Mobile Mini by 93.5% in the 4th 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 period. First Horizon Advisors Inc. increased its holdings in WillScot Mobile Mini by 16.4% in 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 during the period. Finally, Canada Pension Plan Investment Board bought a new position in WillScot Mobile Mini in the 4th quarter valued at about $154,000. 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.