Erik Olsson Sells 110,307 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Stock

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Director Erik Olsson sold 110,307 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total value of $3,330,168.33. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

WillScot Mobile Mini Price Performance

Shares of WSC stock opened at $29.75 on Friday. The stock has a 50 day moving average of $34.70 and a two-hundred day moving average of $36.13. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 12 month low of $27.58 and a 12 month high of $47.13. The company has a market capitalization of $5.46 billion, a P/E ratio of 198.35, a P/E/G ratio of 2.18 and a beta of 1.45.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The company had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. As a group, equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

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

Analyst Ratings Changes

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

Institutional Trading of WillScot Mobile Mini

Hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in shares of WillScot Mobile Mini during the 4th quarter worth approximately $97,734,000. Franklin Resources Inc. lifted its position in shares of WillScot Mobile Mini by 34.4% during the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company’s stock worth $345,020,000 after buying an additional 2,639,559 shares during the period. Swedbank AB lifted its position in shares of WillScot Mobile Mini by 229.2% during the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after buying an additional 2,246,000 shares during the period. Van Berkom & Associates Inc. bought a new position in shares of WillScot Mobile Mini during the 4th quarter worth approximately $58,855,000. Finally, Invesco Ltd. lifted its position in shares of WillScot Mobile Mini by 747.1% during the 4th quarter. Invesco Ltd. now owns 1,820,316 shares of the company’s stock worth $60,890,000 after buying an additional 1,605,436 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.