WillScot Mobile Mini Sees Unusually High Options Volume (NASDAQ:WSC)

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) was the recipient of unusually large options trading activity on Thursday. Traders bought 20,789 call options on the company. This is an increase of approximately 184% compared to the typical volume of 7,324 call options.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays lowered their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. 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 target on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Bank of America lowered their price target 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. Finally, DA Davidson cut their price objective on shares of 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. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.00.

Insider Buying and Selling

In other WillScot Mobile Mini news, EVP Hezron T. Lopez sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of the sale, the executive vice president now directly owns 57,918 shares in the company, valued at approximately $2,280,810.84. This trade represents a 25.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Bradley Lee Soultz bought 5,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the acquisition, the chief executive officer now directly owns 149,686 shares in the company, valued at $5,833,263.42. This trade represents a 3.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 15,000 shares of company stock valued at $553,800. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its position in WillScot Mobile Mini by 4.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,668,190 shares of the company’s stock worth $542,572,000 after acquiring an additional 456,674 shares during the period. Clearbridge Investments LLC increased its holdings in shares of WillScot Mobile Mini by 2.6% during the 2nd quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock worth $221,591,000 after purchasing an additional 148,973 shares during the period. Boston Partners increased its holdings in shares of WillScot Mobile Mini by 66.0% during the 1st quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after purchasing an additional 2,159,958 shares during the period. William Blair Investment Management LLC raised its position in shares of WillScot Mobile Mini by 102.9% during the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after buying an additional 2,355,445 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of WillScot Mobile Mini by 3.2% in the first quarter. Bessemer Group Inc. now owns 4,245,829 shares of the company’s stock valued at $197,432,000 after buying an additional 132,503 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Price Performance

NASDAQ WSC opened at $34.98 on Friday. WillScot Mobile Mini has a 1 year low of $32.71 and a 1 year high of $52.16. The company has a fifty day simple moving average of $37.97 and a 200 day simple moving average of $38.26. 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 has a market cap of $6.46 billion, a P/E ratio of 318.03, a P/E/G ratio of 2.23 and a beta of 1.37.

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