Insider Buying: WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) COO Buys 5,000 Shares of Stock

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) COO Timothy D. Boswell acquired 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the purchase, the chief operating officer now owns 34,156 shares in the company, valued at $995,305.84. The trade was a 17.15 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock opened at $29.95 on Friday. The company’s 50 day moving average is $35.10 and its two-hundred day moving average is $36.42. The firm has a market cap of $5.50 billion, a PE ratio of 199.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 52-week low of $27.58 and a 52-week high of $47.18.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (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 firm had revenue of $602.52 million during the quarter, compared to analyst estimates of $606.55 million. On average, research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Trading of WillScot Mobile Mini

Several hedge funds have recently added to or reduced their stakes in WSC. State of Wyoming acquired a new position in WillScot Mobile Mini during the 4th quarter worth approximately $34,000. Jones Financial Companies Lllp lifted its position in shares of WillScot Mobile Mini by 93.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock worth $77,000 after purchasing an additional 1,113 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of WillScot Mobile Mini by 16.4% during the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after purchasing an additional 302 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in WillScot Mobile Mini in the fourth quarter valued at $154,000. Finally, Headlands Technologies LLC acquired a new stake in WillScot Mobile Mini in the fourth quarter valued at $174,000. Institutional investors and hedge funds 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.