WillScot Mobile Mini (NASDAQ:WSC) Shares Gap Up – Still a Buy?

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $35.20, but opened at $36.78. WillScot Mobile Mini shares last traded at $36.51, with a volume of 684,269 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WSC. Baird R W lowered WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $40.00 to $50.00 in a research report on Tuesday. Barclays dropped their target price on 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 decreased their price target on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lowered 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 note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.50.

WillScot Mobile Mini Trading Down 6.2 %

The company’s fifty day moving average is $37.21 and its 200-day moving average is $37.82. 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 firm has a market capitalization of $6.32 billion, a P/E ratio of 310.94, a P/E/G ratio of 2.12 and a beta of 1.38.

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

Insider Activity at WillScot Mobile Mini

In other news, CAO Sally J. Shanks sold 14,059 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the sale, the chief accounting officer now owns 26,113 shares in the company, valued at approximately $905,859.97. This represents a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Hezron T. Lopez sold 20,000 shares of WillScot Mobile Mini stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.38, for a total value of $787,600.00. Following the completion of the transaction, the executive vice president now directly owns 57,918 shares of the company’s stock, valued at $2,280,810.84. This represents a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 15,000 shares of company stock worth $533,900 and sold 36,959 shares worth $1,382,636. Corporate insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of hedge funds have recently added to or reduced their stakes in WSC. First Horizon Advisors Inc. lifted its stake in shares of WillScot Mobile Mini by 16.4% during the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after acquiring an additional 302 shares during the period. Salvus Wealth Management LLC boosted its stake in WillScot Mobile Mini by 1.0% during the 3rd quarter. Salvus Wealth Management LLC now owns 47,830 shares of the company’s stock worth $1,798,000 after acquiring an additional 485 shares during the last quarter. Arizona State Retirement System grew its holdings in WillScot Mobile Mini by 1.0% during the second quarter. Arizona State Retirement System now owns 53,184 shares of the company’s stock valued at $2,002,000 after purchasing an additional 520 shares during the period. Hexagon Capital Partners LLC boosted its position in shares of WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after purchasing an additional 600 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of WillScot Mobile Mini by 11.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company’s stock worth $228,000 after purchasing an additional 624 shares in the last quarter. 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.