WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Announces — Dividend of $0.07

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) declared a — dividend on Wednesday, February 19th,Wall Street Journal reports. Investors of record on Wednesday, March 5th will be paid a dividend of 0.07 per share on Wednesday, March 19th. The ex-dividend date is Wednesday, March 5th.

WillScot Mobile Mini has a dividend payout ratio of 12.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect WillScot Mobile Mini to earn $1.79 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 15.6%.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC traded up $0.54 on Wednesday, hitting $39.05. The company had a trading volume of 2,299,888 shares, compared to its average volume of 2,117,721. The company has a market cap of $7.21 billion, a PE ratio of 355.03, a PEG ratio of 1.98 and a beta of 1.41. The business has a 50 day moving average of $35.82 and a 200 day moving average of $36.87. WillScot Mobile Mini has a 52-week low of $32.57 and a 52-week high of $50.57. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

Analyst Ratings Changes

A number of equities research analysts have recently commented on WSC shares. Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Robert W. Baird lowered their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Barclays cut their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price objective for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.50.

Insider Transactions at WillScot Mobile Mini

In other news, insider Graeme Parkes sold 2,900 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the completion of the sale, the insider now owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

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.