WillScot Mobile Mini (NASDAQ:WSC) Shares Gap Up – Here’s What Happened

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) gapped up before the market opened on Monday . The stock had previously closed at $28.07, but opened at $28.76. WillScot Mobile Mini shares last traded at $29.13, with a volume of 1,275,928 shares changing hands.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Oppenheimer decreased their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday. Robert W. Baird lowered their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Morgan Stanley upgraded shares of 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. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and a consensus price target of $42.67.

WillScot Mobile Mini Stock Up 5.7 %

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 company has a market capitalization of $5.45 billion, a PE ratio of 197.57, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. The firm’s 50-day simple moving average is $35.49 and its 200 day simple moving average is $36.70.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating 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 business had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. As a group, equities research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Announces Dividend

The business also recently declared a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is presently 186.67%.

Insiders Place Their Bets

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the stock in a transaction 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 sale, the insider now directly owns 72,818 shares of the company’s stock, valued at $2,694,994.18. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

Several hedge funds have recently modified their holdings of the stock. State of Wyoming purchased a new stake in shares of WillScot Mobile Mini during the 4th quarter worth about $34,000. Jones Financial Companies Lllp grew its stake in shares of WillScot Mobile Mini by 93.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock valued at $77,000 after purchasing an additional 1,113 shares during the period. First Horizon Advisors Inc. lifted its position in shares of WillScot Mobile Mini by 16.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after buying an additional 302 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of WillScot Mobile Mini in the 4th quarter worth about $154,000. Finally, Headlands Technologies LLC bought a new position in WillScot Mobile Mini in the 4th quarter valued at $174,000. 95.81% of the stock is owned by hedge funds and other 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.