WillScot Mobile Mini (NASDAQ:WSC) Sees Unusually-High Trading Volume Following Insider Buying Activity

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) saw unusually-strong trading volume on Wednesday after an insider bought additional shares in the company. 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 acquired 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Wednesday, September 18th. The stock was bought at an average price of $38.97 per share, with a total value of $194,850.00. Following the completion of the purchase, the chief executive officer now directly owns 149,686 shares of the company’s stock, valued at approximately $5,833,263.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Ratings Changes

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

WillScot Mobile Mini Price Performance

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 company has a market capitalization of $7.32 billion, a PE ratio of 23.98, a P/E/G ratio of 1.36 and a beta of 1.36. The company’s 50-day simple moving average is $38.20 and its 200-day simple moving average is $39.85.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Thursday, August 1st. The company reported $0.39 earnings per share (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 business had revenue of $604.59 million for the quarter, compared to analyst estimates of $614.85 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’s revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

Institutional Trading of WillScot Mobile Mini

A number of institutional investors and hedge funds have recently modified their holdings of WSC. Price T Rowe Associates Inc. MD boosted its position in shares of WillScot Mobile Mini by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,668,190 shares of the company’s stock valued at $542,572,000 after purchasing an additional 456,674 shares in the last quarter. Clearbridge Investments LLC raised its position 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 valued at $221,591,000 after acquiring an additional 148,973 shares in the last quarter. Boston Partners grew its holdings in WillScot Mobile Mini by 66.0% during the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock valued at $251,118,000 after purchasing an additional 2,159,958 shares during the last quarter. William Blair Investment Management LLC grew its holdings in 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 last quarter. Finally, Bessemer Group Inc. grew its holdings in 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 last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

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.