Stock Traders Purchase Large Volume of WillScot Mobile Mini Call Options (NASDAQ:WSC)

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) was the target of some unusual options trading activity on Monday. Traders bought 27,486 call options on the company. This represents an increase of approximately 223% compared to the average volume of 8,507 call options.

Insider Activity at WillScot Mobile Mini

In other news, CAO Sally J. Shanks sold 14,059 shares of the firm’s 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 completion of the sale, the chief accounting officer now directly owns 26,113 shares of the company’s stock, valued at $905,859.97. This trade represents a 35.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Graeme Parkes sold 2,900 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the sale, the insider now directly owns 72,818 shares in the company, valued at $2,694,994.18. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 15,000 shares of company stock worth $533,900 and have sold 36,959 shares worth $1,382,636. Company insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On WillScot Mobile Mini

Several institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. boosted its position in WillScot Mobile Mini by 15,389.0% during the second quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company’s stock worth $2,023,000 after purchasing an additional 53,400 shares during the period. Douglass Winthrop Advisors LLC lifted its stake in shares of WillScot Mobile Mini by 32.4% in the third quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company’s stock worth $6,209,000 after buying an additional 40,393 shares during the last quarter. First Sabrepoint Capital Management LP boosted its holdings in shares of WillScot Mobile Mini by 17.5% during the 3rd quarter. First Sabrepoint Capital Management LP now owns 238,143 shares of the company’s stock worth $8,954,000 after buying an additional 35,492 shares during the period. Bislett Management LLC grew its stake in WillScot Mobile Mini by 3.1% in the 3rd quarter. Bislett Management LLC now owns 1,170,000 shares of the company’s stock valued at $43,992,000 after buying an additional 35,000 shares during the last quarter. Finally, Swedbank AB raised its holdings in WillScot Mobile Mini by 229.2% in the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after acquiring an additional 2,246,000 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ WSC opened at $36.48 on Wednesday. WillScot Mobile Mini has a one year low of $32.71 and a one year high of $52.16. The business’s 50-day moving average price is $37.26 and its two-hundred day moving average price is $37.87. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The company has a market capitalization of $6.74 billion, a P/E ratio of 320.00, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC) last released 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). The firm had revenue of $601.43 million during 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS. Analysts anticipate that WillScot Mobile Mini will post 1.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lowered 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. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Robert W. Baird lowered their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research 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 report on Friday, November 1st. Finally, Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $50.00 in a report on Tuesday. Five 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.50.

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.