Insider Buying: WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) CEO Buys 5,000 Shares of Stock

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) CEO Bradley Lee Soultz bought 5,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $38.97 per share, with a total value of $194,850.00. Following the transaction, the chief executive officer now directly owns 149,686 shares of the company’s stock, valued at $5,833,263.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

WillScot Mobile Mini Price Performance

NASDAQ WSC traded down $1.02 during trading on Wednesday, reaching $39.17. 9,962,944 shares of the company traded hands, compared to its average volume of 2,011,444. WillScot Mobile Mini Holdings Corp. has a 1-year low of $33.23 and a 1-year high of $52.16. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 24.18, a P/E/G ratio of 1.36 and a beta of 1.36. The stock’s 50 day moving average price is $38.18 and its two-hundred day moving average price is $39.86. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91.

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

Analysts Set New Price Targets

Several research analysts recently commented on WSC shares. Bank of America dropped their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. 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 note on Monday, August 5th. Stifel Nicolaus dropped their price target on 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 target price on shares of WillScot Mobile Mini from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Oppenheimer decreased their price target on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.50.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of hedge funds have recently made changes to their positions in the company. Principal Securities Inc. bought a new position in WillScot Mobile Mini in the 4th quarter valued at $71,000. Dimensional Fund Advisors LP lifted its position in WillScot Mobile Mini by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,297,944 shares of the company’s stock worth $102,264,000 after buying an additional 45,591 shares in the last quarter. Norges Bank bought a new stake in WillScot Mobile Mini during the 4th quarter worth about $101,809,000. PNC Financial Services Group Inc. raised its stake in shares of WillScot Mobile Mini by 10.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 56,417 shares of the company’s stock worth $2,511,000 after acquiring an additional 5,205 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in shares of WillScot Mobile Mini by 9.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 5,679 shares of the company’s stock worth $253,000 after purchasing an additional 502 shares in the last quarter. Institutional investors and hedge funds 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.