WillScot Mobile Mini (NASDAQ:WSC) Trading Down 9.1% – Time to Sell?

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) fell 9.1% on Friday . The stock traded as low as $35.20 and last traded at $35.16. 2,947,019 shares were traded during mid-day trading, an increase of 37% from the average session volume of 2,146,111 shares. The stock had previously closed at $38.67.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WSC. Robert W. Baird cut their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. 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. Barclays cut their price objective on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.22.

WillScot Mobile Mini Price Performance

The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The stock has a market cap of $6.52 billion, a P/E ratio of 235.15, a P/E/G ratio of 2.18 and a beta of 1.41. The company’s 50 day simple moving average is $35.97 and its 200 day simple moving average is $36.93.

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

WillScot Mobile Mini Dividend Announcement

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.

Insider Transactions at WillScot Mobile Mini

In other news, insider Graeme Parkes sold 2,900 shares of the stock in a transaction 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 $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its position 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. William Blair Investment Management LLC grew its position in WillScot Mobile Mini by 13.6% in the fourth quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company’s stock valued at $185,831,000 after purchasing an additional 664,805 shares in the last quarter. FMR LLC grew its position in WillScot Mobile Mini by 12.0% in the fourth quarter. FMR LLC now owns 5,554,101 shares of the company’s stock valued at $185,785,000 after purchasing an additional 595,063 shares in the last quarter. Capital International Investors grew its position in WillScot Mobile Mini by 20.3% in the fourth quarter. Capital International Investors now owns 5,307,738 shares of the company’s stock valued at $177,544,000 after purchasing an additional 897,184 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in WillScot Mobile Mini by 4.8% in the fourth quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company’s stock valued at $161,641,000 after purchasing an additional 223,462 shares in the last quarter. 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.