WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Sees Large Increase in Short Interest

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 18,750,000 shares, a growth of 26.9% from the March 15th total of 14,770,000 shares. Based on an average trading volume of 3,480,000 shares, the short-interest ratio is presently 5.4 days. Approximately 10.5% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research firms have recently issued reports on WSC. Robert W. Baird cut 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. Barclays lowered their price objective on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, April 4th. Morgan Stanley dropped their target price on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Oppenheimer reduced their price objective on 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. 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.50.

WillScot Mobile Mini Trading Up 0.5 %

Shares of WSC stock opened at $23.32 on Friday. WillScot Mobile Mini has a 1-year low of $21.91 and a 1-year high of $43.80. The stock has a 50-day moving average of $29.83 and a 200-day moving average of $34.22. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 155.48, a PEG ratio of 2.18 and a beta of 1.25. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

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

WillScot Mobile Mini Announces Dividend

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

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, COO Timothy D. Boswell purchased 5,000 shares of WillScot Mobile Mini stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the transaction, the chief operating officer now owns 34,156 shares of the company’s stock, valued at $995,305.84. The trade was a 17.15 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $3,330,168.33. Following the completion of the sale, the director now owns 626,306 shares of the company’s stock, valued at $18,908,178.14. This trade represents a 14.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On WillScot Mobile Mini

Hedge funds have recently made changes to their positions in the business. Barclays PLC increased its position in WillScot Mobile Mini by 770.3% during the 3rd quarter. Barclays PLC now owns 353,485 shares of the company’s stock valued at $13,292,000 after purchasing an additional 312,867 shares during the period. Virtu Financial LLC bought a new stake in shares of WillScot Mobile Mini during the 3rd quarter valued at $468,000. Sanctuary Advisors LLC increased its holdings in WillScot Mobile Mini by 23.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,369 shares of the company’s stock worth $594,000 after acquiring an additional 3,093 shares in the last quarter. Tidal Investments LLC lifted its position in shares of WillScot Mobile Mini by 44.6% in the third quarter. Tidal Investments LLC now owns 11,975 shares of the company’s stock valued at $450,000 after acquiring an additional 3,692 shares in the last quarter. Finally, Retirement Systems of Alabama grew its stake in WillScot Mobile Mini by 7.9% during the third quarter. Retirement Systems of Alabama now owns 124,985 shares of the company’s stock valued at $4,699,000 after acquiring an additional 9,159 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.

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.