WillScot Mobile Mini (NASDAQ:WSC) Shares Gap Up Following Insider Buying Activity

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)’s stock price gapped up before the market opened on Wednesday after an insider bought additional shares in the company. The stock had previously closed at $37.85, but opened at $42.15. WillScot Mobile Mini shares last traded at $40.55, with a volume of 3,039,358 shares trading hands.

Specifically, CEO Bradley Lee Soultz acquired 5,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were purchased at an average cost of $36.38 per share, with a total value of $181,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 144,686 shares of the company’s stock, valued at $5,263,676.68. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WSC shares. Robert W. Baird dropped their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Stifel Nicolaus cut their price objective on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their target price for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. DA Davidson cut their price target on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, Baird R W cut WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Six 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.com, the company has an average rating of “Hold” and a consensus price target of $45.00.

WillScot Mobile Mini Stock Performance

The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The firm has a market cap of $7.50 billion, a PE ratio of 361.85, a P/E/G ratio of 2.23 and a beta of 1.37. The firm has a 50-day moving average price of $37.93 and a two-hundred day moving average price of $38.25.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The business had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Institutional Investors Weigh In On WillScot Mobile Mini

Hedge funds have recently modified their holdings of the company. Norden Group LLC lifted its holdings in WillScot Mobile Mini by 51.4% in the first quarter. Norden Group LLC now owns 8,579 shares of the company’s stock valued at $399,000 after acquiring an additional 2,911 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of WillScot Mobile Mini by 7.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 18,821 shares of the company’s stock worth $875,000 after purchasing an additional 1,293 shares during the period. Quantbot Technologies LP grew its holdings in shares of WillScot Mobile Mini by 68.0% during the 1st quarter. Quantbot Technologies LP now owns 80,257 shares of the company’s stock worth $3,732,000 after purchasing an additional 32,488 shares during the period. PFG Advisors increased its position in shares of WillScot Mobile Mini by 28.5% during the 1st quarter. PFG Advisors now owns 5,953 shares of the company’s stock worth $277,000 after purchasing an additional 1,320 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in WillScot Mobile Mini by 15.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 6,282 shares of the company’s stock valued at $292,000 after buying an additional 825 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

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.