Insider Selling: WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) EVP Sells 20,000 Shares of Stock

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) EVP Hezron T. Lopez sold 20,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.38, for a total value of $787,600.00. Following the transaction, the executive vice president now owns 57,918 shares in the company, valued at approximately $2,280,810.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

WillScot Mobile Mini Stock Down 1.3 %

WSC stock traded down $0.49 during trading on Tuesday, hitting $37.65. 3,168,623 shares of the stock traded hands, compared to its average volume of 2,267,193. 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 Holdings Corp. has a 1 year low of $32.71 and a 1 year high of $52.16. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 346.76, a price-to-earnings-growth ratio of 2.37 and a beta of 1.37. The firm’s 50 day moving average is $37.97 and its two-hundred day moving average is $38.28.

WillScot Mobile Mini (NASDAQ:WSC) last released 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). The firm 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 company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. On average, sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of WillScot Mobile Mini by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,533,170 shares of the company’s stock worth $57,647,000 after purchasing an additional 43,747 shares in the last quarter. Anthracite Investment Company Inc. acquired a new stake in WillScot Mobile Mini during the 3rd quarter worth approximately $2,256,000. First Horizon Advisors Inc. grew its holdings in shares of WillScot Mobile Mini by 16.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after purchasing an additional 302 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in WillScot Mobile Mini during the 3rd quarter worth $4,418,000. Finally, Pathstone Holdings LLC boosted its holdings in shares of WillScot Mobile Mini by 40.9% in the 3rd quarter. Pathstone Holdings LLC now owns 42,549 shares of the company’s stock worth $1,600,000 after purchasing an additional 12,346 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on WSC shares. Baird R W cut WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Robert W. Baird cut 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. Barclays reduced their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price objective for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Finally, Bank of America dropped 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 report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $45.00.

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.