Brokerages Set WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Target Price at $45.50

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) have earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $44.22.

WSC has been the topic of several recent research reports. Barclays cut their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price target for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Finally, Robert W. Baird reduced their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st.

WillScot Mobile Mini Trading Down 8.8 %

NASDAQ WSC opened at $35.27 on Monday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 320.67, a PEG ratio of 2.05 and a beta of 1.41. The firm has a 50 day simple moving average of $35.96 and a 200-day simple moving average of $36.92. WillScot Mobile Mini has a one year low of $32.57 and a one year high of $49.98.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The company had revenue of $602.52 million during the quarter, compared to analysts’ expectations of $606.55 million. Equities research analysts anticipate that WillScot Mobile Mini will post 1.53 EPS for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 5th.

Insider Buying and Selling

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was 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 approximately $2,694,994.18. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On WillScot Mobile Mini

Institutional investors have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in WillScot Mobile Mini by 39.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,889,596 shares of the company’s stock worth $63,207,000 after purchasing an additional 533,750 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of WillScot Mobile Mini by 6.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 715,675 shares of the company’s stock worth $23,939,000 after acquiring an additional 41,431 shares during the period. Ulysses Management LLC lifted its position in WillScot Mobile Mini by 194.7% in the fourth quarter. Ulysses Management LLC now owns 508,359 shares of the company’s stock valued at $17,005,000 after purchasing an additional 335,859 shares during the period. Voloridge Investment Management LLC acquired a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at approximately $6,194,000. Finally, Spyglass Capital Management LLC lifted its holdings in WillScot Mobile Mini by 40.5% in the fourth quarter. Spyglass Capital Management LLC now owns 1,829,245 shares of the company’s stock valued at $61,188,000 after acquiring an additional 527,465 shares during the period. 95.81% of the stock is owned by institutional investors and hedge funds.

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.