Insider Selling: WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Director Sells 110,307 Shares of Stock

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Director Erik Olsson sold 110,307 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 626,306 shares in the company, valued at approximately $18,908,178.14. This represents a 14.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

WillScot Mobile Mini Trading Down 1.5 %

Shares of NASDAQ:WSC traded down $0.47 during trading on Thursday, reaching $30.28. The stock had a trading volume of 3,188,360 shares, compared to its average volume of 2,446,289. The business has a fifty day moving average price of $34.81 and a 200-day moving average price of $36.19. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The stock has a market cap of $5.56 billion, a P/E ratio of 201.88, a PEG ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $27.58 and a fifty-two week high of $47.18.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) 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 firm had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. As a group, analysts anticipate 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. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is currently 186.67%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WSC shares. Robert W. Baird decreased their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Oppenheimer cut their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Finally, Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WSC. State of Wyoming purchased a new position in shares of WillScot Mobile Mini in the fourth quarter valued at $34,000. Jones Financial Companies Lllp boosted its stake in shares of WillScot Mobile Mini by 93.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock valued at $77,000 after purchasing an additional 1,113 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of WillScot Mobile Mini by 16.4% in the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after purchasing an additional 302 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of WillScot Mobile Mini in the fourth quarter valued at $154,000. Finally, Headlands Technologies LLC purchased a new position in shares of WillScot Mobile Mini in the fourth quarter valued at $174,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

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.