WillScot Mobile Mini (NASDAQ:WSC) Hits New 12-Month Low – Here’s What Happened

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) shares hit a new 52-week low during trading on Monday . The company 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Oppenheimer reduced their price objective 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. Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Finally, Robert W. Baird reduced their target price 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and an average target price of $42.75.

WillScot Mobile Mini Trading Down 1.2 %

The company has a market capitalization of $5.04 billion, a P/E ratio of 183.21, a PEG ratio of 2.18 and a beta of 1.45. The business has a fifty day moving average of $33.65 and a 200-day moving average of $35.68. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly 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. The business had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. Analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The business also recently declared a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini’s payout ratio is currently 186.67%.

Insiders Place Their Bets

In other WillScot Mobile Mini news, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction that occurred 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 transaction, the director now owns 626,306 shares of the company’s stock, valued at $18,908,178.14. This trade represents a 14.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Timothy D. Boswell bought 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the acquisition, the chief operating officer now owns 34,156 shares of the company’s stock, valued at $995,305.84. This represents a 17.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On WillScot Mobile Mini

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Wyoming bought a new stake in WillScot Mobile Mini in the 4th quarter valued at about $34,000. Jones Financial Companies Lllp lifted its stake in shares of WillScot Mobile Mini by 93.5% during 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 in the last quarter. Canada Pension Plan Investment Board bought a new position in WillScot Mobile Mini in the 4th quarter worth approximately $154,000. Headlands Technologies LLC purchased a new position in WillScot Mobile Mini in the 4th quarter valued at approximately $174,000. Finally, FourThought Financial Partners LLC bought a new stake in WillScot Mobile Mini during the 4th quarter valued at $216,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

About WillScot Mobile Mini

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.