WillScot Mobile Mini Target of Unusually High Options Trading (NASDAQ:WSC)

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 2,828 call options on the company. This is an increase of 206% compared to the typical daily volume of 924 call options.

Institutional Trading of WillScot Mobile Mini

Large investors have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in WillScot Mobile Mini during the fourth quarter worth approximately $38,000. TFO Wealth Partners LLC boosted its holdings in shares of WillScot Mobile Mini by 6,578.6% during the 4th quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock worth $42,000 after buying an additional 921 shares during the period. Fidelis Capital Partners LLC bought a new position in WillScot Mobile Mini in the 1st quarter worth $55,000. Summit Securities Group LLC acquired a new position in WillScot Mobile Mini during the 2nd quarter worth $56,000. Finally, CWM LLC boosted its holdings in WillScot Mobile Mini by 80.3% during the second quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $62,000 after acquiring an additional 728 shares during the period. 95.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WSC shares. Bank of America reduced their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Oppenheimer decreased their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus reduced their price target on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Barclays cut their price objective on WillScot Mobile Mini from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, DA Davidson decreased their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, WillScot Mobile Mini currently has an average rating of “Moderate Buy” and an average target price of $48.50.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC traded down $1.45 on Wednesday, reaching $38.74. 5,948,490 shares of the company traded hands, compared to its average volume of 1,989,142. The stock has a market capitalization of $7.30 billion, a PE ratio of 23.52, a P/E/G ratio of 1.36 and a beta of 1.36. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. The company’s 50 day moving average is $38.13 and its 200-day moving average is $39.86. WillScot Mobile Mini has a fifty-two week low of $33.23 and a fifty-two week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). The business had revenue of $604.59 million during the quarter, compared to analysts’ expectations of $614.85 million. WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. As a group, analysts anticipate that WillScot Mobile Mini will post 1.76 earnings per share for the current fiscal year.

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.