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

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) saw some unusual options trading on Monday. Investors acquired 27,486 call options on the stock. This represents an increase of 223% compared to the typical volume of 8,507 call options.

WillScot Mobile Mini Price Performance

Shares of NASDAQ WSC opened at $36.48 on Wednesday. WillScot Mobile Mini has a 52 week low of $32.71 and a 52 week high of $52.16. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 320.00, a PEG ratio of 2.12 and a beta of 1.38. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The company’s 50-day moving average price is $37.26 and its 200 day moving average price is $37.87.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). The business had revenue of $601.43 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 earnings per share. As a group, research analysts forecast that WillScot Mobile Mini will post 1.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WSC has been the subject of several research reports. Robert W. Baird reduced their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Barclays lowered their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $40.00 to $50.00 in a research note on Tuesday. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price objective for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Finally, Baird R W cut shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

Insider Buying and Selling

In other news, insider Graeme Parkes sold 2,900 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the transaction, the insider now directly owns 72,818 shares in the company, valued at $2,694,994.18. The trade was a 3.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Bradley Lee Soultz bought 5,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was bought at an average price of $36.38 per share, with a total value of $181,900.00. Following the completion of the acquisition, the chief executive officer now owns 144,686 shares in the company, valued at $5,263,676.68. This represents a 3.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 15,000 shares of company stock valued at $533,900 and have sold 36,959 shares valued at $1,382,636. 3.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Retirement Systems of Alabama boosted its holdings in WillScot Mobile Mini by 7.9% in the third quarter. Retirement Systems of Alabama now owns 124,985 shares of the company’s stock valued at $4,699,000 after purchasing an additional 9,159 shares during the last quarter. Tidal Investments LLC raised its stake in shares of WillScot Mobile Mini by 44.6% in the 3rd quarter. Tidal Investments LLC now owns 11,975 shares of the company’s stock valued at $450,000 after purchasing an additional 3,692 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of WillScot Mobile Mini by 23.3% during the third quarter. Sanctuary Advisors LLC now owns 16,369 shares of the company’s stock worth $594,000 after purchasing an additional 3,093 shares during the last quarter. Virtu Financial LLC bought a new stake in WillScot Mobile Mini in the third quarter valued at about $468,000. Finally, TD Private Client Wealth LLC raised its stake in WillScot Mobile Mini by 46.6% during the third quarter. TD Private Client Wealth LLC now owns 10,411 shares of the company’s stock valued at $391,000 after buying an additional 3,308 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.