WillScot Mobile Mini (NASDAQ:WSC) Hits New 52-Week Low – Time to Sell?

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) shares hit a new 52-week low on Monday . The stock 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 Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Robert W. Baird decreased their price target on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Finally, Oppenheimer dropped their price objective 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.75.

WillScot Mobile Mini Price Performance

The stock has a market capitalization of $5.04 billion, a P/E ratio of 183.21, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. 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 firm has a 50-day moving average price of $33.65 and a 200 day moving average price of $35.68.

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

WillScot Mobile Mini Announces Dividend

The business also recently disclosed a — dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid 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 currently 186.67%.

Insider Transactions at WillScot Mobile Mini

In related news, Director Erik Olsson sold 110,307 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the completion of the transaction, the director now owns 626,306 shares in the company, valued at $18,908,178.14. This represents a 14.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Timothy D. Boswell purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $29.14 per share, with a total value of $145,700.00. Following the purchase, the chief operating officer now directly 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 disclosure for this purchase can be found here. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Carnegie Lake Advisors LLC lifted its position in WillScot Mobile Mini by 0.5% during the 4th quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company’s stock valued at $1,826,000 after acquiring an additional 280 shares during the period. Sciencast Management LP increased its stake in shares of WillScot Mobile Mini by 0.9% during the fourth quarter. Sciencast Management LP now owns 56,961 shares of the company’s stock valued at $1,905,000 after purchasing an additional 491 shares in the last quarter. State of Wyoming purchased a new position in shares of WillScot Mobile Mini during the fourth quarter valued at approximately $34,000. Gilder Gagnon Howe & Co. LLC boosted its position in shares of WillScot Mobile Mini by 0.3% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 344,914 shares of the company’s stock worth $11,537,000 after purchasing an additional 1,070 shares in the last quarter. Finally, 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 worth $77,000 after buying an additional 1,113 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.