WillScot Mobile Mini (NASDAQ:WSC) Reaches New 1-Year Low – Time to Sell?

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)’s share price reached a new 52-week low 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.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WSC. Robert W. Baird decreased their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. Oppenheimer dropped their price target 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. 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and an average price target of $42.67.

WillScot Mobile Mini Stock Down 2.1 %

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 business’s fifty day moving average is $34.05 and its two-hundred day moving average is $35.85. The company has a market cap of $5.06 billion, a P/E ratio of 184.03, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $602.52 million during the quarter, compared to analyst estimates of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. Equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current 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 dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio (DPR) is presently 186.67%.

Insiders Place Their Bets

In other news, COO Timothy D. Boswell acquired 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the acquisition, the chief operating officer now owns 34,156 shares of the company’s stock, valued at $995,305.84. This trade represents a 17.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of the transaction, the director now owns 626,306 shares in the company, valued at approximately $18,908,178.14. The trade was a 14.97 % decrease in their position. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WillScot Mobile Mini

Hedge funds have recently bought and sold shares of the stock. Impax Asset Management Group plc acquired a new stake in shares of WillScot Mobile Mini during the 4th quarter worth about $7,192,000. New York Life Investment Management LLC acquired a new position in WillScot Mobile Mini in the 4th quarter valued at $679,000. Geneva Capital Management LLC purchased a new position in shares of WillScot Mobile Mini during the 4th quarter worth $23,194,000. River Road Asset Management LLC grew its position in shares of WillScot Mobile Mini by 14.7% in the fourth quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company’s stock valued at $54,081,000 after purchasing an additional 206,962 shares during the period. Finally, TCW Group Inc. increased its stake in WillScot Mobile Mini by 20.1% in the fourth quarter. TCW Group Inc. now owns 46,436 shares of the company’s stock valued at $1,553,000 after purchasing an additional 7,763 shares during the last quarter. Hedge funds and other 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.