Stock Traders Purchase High Volume of WillScot Mobile Mini Call Options (NASDAQ:WSC)

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) was the target of unusually large options trading on Tuesday. Traders acquired 122,353 call options on the stock. This is an increase of approximately 4,610% compared to the average daily volume of 2,598 call options.

Analyst Upgrades and Downgrades

WSC has been the subject of a number of analyst reports. Robert W. Baird cut WillScot Mobile Mini from an “outperform” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Thursday, October 24th. Baird R W cut shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Oppenheimer cut their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus decreased 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. Finally, Barclays cut WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $50.00 to $44.00 in a report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.60.

Insider Buying and Selling

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was purchased at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the purchase, the chief executive officer now directly owns 149,686 shares in the company, valued at approximately $5,833,263.42. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.30% of the stock is owned by insiders.

Institutional Investors Weigh In On WillScot Mobile Mini

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baupost Group LLC MA bought a new stake in WillScot Mobile Mini in the second quarter valued at approximately $92,971,000. William Blair Investment Management LLC raised its stake in WillScot Mobile Mini by 102.9% during the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock worth $174,796,000 after buying an additional 2,355,445 shares during the period. Swedbank AB lifted its holdings in WillScot Mobile Mini by 229.2% during the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after acquiring an additional 2,246,000 shares in the last quarter. Boston Partners lifted its holdings in WillScot Mobile Mini by 66.0% during the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after acquiring an additional 2,159,958 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in WillScot Mobile Mini by 112.0% in the first quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock valued at $181,630,000 after acquiring an additional 2,063,746 shares during the period. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock opened at $39.17 on Wednesday. The company has a market cap of $7.45 billion, a PE ratio of 24.56, a PEG ratio of 1.25 and a beta of 1.35. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 2.88. WillScot Mobile Mini has a 1 year low of $33.23 and a 1 year high of $52.16. The company’s 50-day moving average is $38.02 and its two-hundred day moving average is $38.34.

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 analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $604.59 million during the quarter, compared to the consensus estimate of $614.85 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. WillScot Mobile Mini’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 earnings per share. Equities analysts anticipate that WillScot Mobile Mini will post 1.76 earnings per share for the current year.

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.