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

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) saw an uptick in trading volume on Monday . 1,561,033 shares changed hands during trading, a decline of 16% from the previous session’s volume of 1,853,917 shares.The stock last traded at $37.50 and had previously closed at $38.46.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Oppenheimer lifted their price target on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Jefferies Financial Group downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price target for the stock from $58.00 to $42.00 in a research note on Monday, April 1st. Barclays boosted their price objective on WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Wells Fargo & Company increased their target price on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $51.13.

WillScot Mobile Mini Price Performance

The firm’s fifty day moving average price is $45.28 and its 200-day moving average price is $43.29. The stock has a market cap of $7.18 billion, a P/E ratio of 16.21, a PEG ratio of 0.90 and a beta of 1.34. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 2.81.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The firm had revenue of $612.38 million for the quarter, compared to the consensus estimate of $619.63 million. WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.98 earnings per share for the current year.

Insider Transactions at WillScot Mobile Mini

In other news, Director Jeffrey Sagansky sold 75,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $47.50, for a total value of $3,562,500.00. Following the transaction, the director now directly owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Bradley Lee Soultz acquired 5,000 shares of the stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $47.76 per share, with a total value of $238,800.00. Following the purchase, the chief executive officer now directly owns 13,869 shares of the company’s stock, valued at $662,383.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Sagansky sold 75,000 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the completion of the sale, the director now directly owns 2,420,905 shares in the company, valued at $114,992,987.50. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hexagon Capital Partners LLC purchased a new stake in shares of WillScot Mobile Mini during the third quarter valued at about $25,000. Bourgeon Capital Management LLC increased its stake in shares of WillScot Mobile Mini by 1,063.6% in the 4th quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock valued at $28,000 after purchasing an additional 585 shares in the last quarter. Quarry LP purchased a new position in WillScot Mobile Mini during the fourth quarter valued at $38,000. TFO Wealth Partners LLC increased its position in shares of WillScot Mobile Mini by 6,578.6% during the fourth quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock worth $42,000 after purchasing an additional 921 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of WillScot Mobile Mini by 65.5% during the 3rd quarter. CWM LLC now owns 1,291 shares of the company’s stock worth $54,000 after purchasing an additional 511 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Company Profile

WillScot Mobile Mini Holdings Corp. 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.