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

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) gapped up prior to trading 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 traded.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays decreased 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 decreased their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Stifel Nicolaus decreased their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Bank of America decreased their price target on shares of 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. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, WillScot Mobile Mini currently has an average rating of “Hold” and a consensus price target of $45.00.

WillScot Mobile Mini Price Performance

The stock has a market capitalization of $7.71 billion, a P/E ratio of 372.76, a price-to-earnings-growth ratio of 2.23 and a beta of 1.37. The business’s 50 day moving average price is $37.90 and its 200 day moving average price is $38.24. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS 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 net margin of 1.05% and a return on equity of 23.97%. WillScot Mobile Mini’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 EPS. Sell-side analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WSC. V Square Quantitative Management LLC purchased a new stake in shares of WillScot Mobile Mini during the third quarter worth about $25,000. Hexagon Capital Partners LLC raised 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 valued at $34,000 after buying an additional 600 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of WillScot Mobile Mini in the third quarter worth $36,000. Fidelis Capital Partners LLC bought a new position in shares of WillScot Mobile Mini during the first quarter worth $55,000. Finally, Summit Securities Group LLC purchased a new position in WillScot Mobile Mini during the second quarter valued at $56,000. Institutional investors 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.