Insider Buying: WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) COO Buys $145,700.00 in Stock

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) COO Timothy D. Boswell purchased 5,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

WillScot Mobile Mini Price Performance

WSC opened at $29.95 on Friday. The firm has a market cap of $5.50 billion, a P/E ratio of 199.68, a PEG ratio of 2.18 and a beta of 1.45. The firm has a 50-day moving average of $35.10 and a 200 day moving average of $36.40. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $27.58 and a fifty-two week high of $47.18.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates 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%. On average, research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WSC. Oppenheimer reduced their price objective on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Finally, Robert W. Baird reduced 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 research note on Monday, March 10th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, WillScot Mobile Mini has an average rating of “Moderate Buy” and a consensus price target of $42.67.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of institutional investors and hedge funds have recently modified their holdings of WSC. Norges Bank purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter worth about $97,734,000. Franklin Resources Inc. raised its stake in WillScot Mobile Mini by 34.4% in the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company’s stock valued at $345,020,000 after purchasing an additional 2,639,559 shares in the last quarter. Swedbank AB raised its stake in WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after purchasing an additional 2,246,000 shares in the last quarter. Van Berkom & Associates Inc. purchased a new stake in WillScot Mobile Mini in the fourth quarter valued at approximately $58,855,000. Finally, Invesco Ltd. raised its stake in WillScot Mobile Mini by 747.1% in the fourth quarter. Invesco Ltd. now owns 1,820,316 shares of the company’s stock valued at $60,890,000 after purchasing an additional 1,605,436 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

About WillScot Mobile Mini

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.