Insider Buying: WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) CEO Purchases 10,000 Shares of Stock

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) CEO Bradley Lee Soultz bought 10,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 128,817 shares of the company’s stock, valued at $3,451,007.43. The trade was a 8.42 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

WillScot Mobile Mini Trading Up 4.5 %

NASDAQ WSC opened at $27.68 on Friday. WillScot Mobile Mini Holdings Corp. has a 52 week low of $21.91 and a 52 week high of $43.80. The business has a 50 day moving average price of $26.86 and a 200-day moving average price of $33.11. 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 company has a market cap of $5.08 billion, a price-to-earnings ratio of 184.52, a P/E/G ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). The business had revenue of $559.55 million during the quarter, compared to the consensus estimate of $555.51 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the business posted $0.29 earnings per share. As a group, equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini’s dividend payout ratio (DPR) is presently 311.11%.

Analyst Ratings Changes

WSC has been the topic of a number of analyst reports. Barclays reduced their price objective on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, April 4th. Morgan Stanley decreased their price target on WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Robert W. Baird lowered their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a research report 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Hedge Funds Weigh In On WillScot Mobile Mini

Several large investors have recently bought and sold shares of WSC. Barclays PLC lifted its position in shares of WillScot Mobile Mini by 770.3% during the 3rd quarter. Barclays PLC now owns 353,485 shares of the company’s stock worth $13,292,000 after buying an additional 312,867 shares in the last quarter. Tidal Investments LLC boosted its position in WillScot Mobile Mini by 44.6% in the third quarter. Tidal Investments LLC now owns 11,975 shares of the company’s stock worth $450,000 after purchasing an additional 3,692 shares during the last quarter. Retirement Systems of Alabama boosted its position in WillScot Mobile Mini by 7.9% in the third quarter. Retirement Systems of Alabama now owns 124,985 shares of the company’s stock worth $4,699,000 after purchasing an additional 9,159 shares during the last quarter. Everence Capital Management Inc. bought a new position in WillScot Mobile Mini in the 4th quarter valued at $279,000. Finally, Douglas Lane & Associates LLC increased its position in shares of WillScot Mobile Mini by 379.1% during the 4th quarter. Douglas Lane & Associates LLC now owns 997,693 shares of the company’s stock valued at $33,373,000 after purchasing an additional 789,445 shares during the last quarter. 95.81% of the stock is currently owned by 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.