WillScot Mobile Mini (NASDAQ:WSC) Sees Strong Trading Volume Following Insider Buying Activity

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) shares saw unusually-strong trading volume on Wednesday following insider buying activity. Approximately 1,386,774 shares changed hands during mid-day trading, a decline of 29% from the previous session’s volume of 1,960,418 shares.The stock last traded at $40.49 and had previously closed at $40.19.

Specifically, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average cost of $38.97 per share, with a total value of $194,850.00. Following the purchase, the chief executive officer now owns 149,686 shares in the company, valued at $5,833,263.42. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Analysts Set New Price Targets

WSC has been the subject of a number of recent research reports. Oppenheimer reduced their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. DA Davidson lowered their price target on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Stifel Nicolaus decreased their target price on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Bank of America reduced their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Barclays lowered shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $50.00 to $44.00 in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.90.

WillScot Mobile Mini Stock Performance

The business’s fifty day moving average price is $38.20 and its 200-day moving average price is $39.85. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a market cap of $7.32 billion, a PE ratio of 23.98, a P/E/G ratio of 1.36 and a beta of 1.36.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The firm had revenue of $604.59 million for the quarter, compared to the consensus estimate of $614.85 million. During the same quarter in the previous year, the business posted $0.43 EPS. WillScot Mobile Mini’s revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.76 EPS for the current fiscal year.

Institutional Investors Weigh In On WillScot Mobile Mini

Large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake 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 buying an additional 456,674 shares during the period. Clearbridge Investments LLC boosted its stake in WillScot Mobile Mini by 2.6% during the second quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock worth $221,591,000 after buying an additional 148,973 shares during the period. Boston Partners boosted its stake in WillScot Mobile Mini by 66.0% during the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after buying an additional 2,159,958 shares during the period. William Blair Investment Management LLC boosted its stake 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 purchasing an additional 2,355,445 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of WillScot Mobile Mini by 3.2% during the first quarter. Bessemer Group Inc. now owns 4,245,829 shares of the company’s stock valued at $197,432,000 after purchasing an additional 132,503 shares during the period. 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.