WillScot Mobile Mini (NASDAQ:WSC) Shares Up 3.8%

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) were up 3.8% during mid-day trading on Friday . The company traded as high as $40.43 and last traded at $40.32. Approximately 995,903 shares changed hands during trading, a decline of 51% from the average daily volume of 2,029,552 shares. The stock had previously closed at $38.85.

Wall Street Analysts Forecast Growth

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

WillScot Mobile Mini Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 2.88. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 1.36 and a beta of 1.36. The company’s fifty day moving average is $38.20 and its two-hundred day moving average is $39.85.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company had revenue of $604.59 million for the quarter, compared to analysts’ expectations of $614.85 million. WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. WillScot Mobile Mini’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. As a group, research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

Insider Transactions at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the acquisition, the chief executive officer now directly owns 149,686 shares in the company, valued at approximately $5,833,263.42. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

A number of hedge funds and other institutional investors have recently modified their holdings of WSC. Quarry LP bought a new stake in WillScot Mobile Mini in the fourth quarter valued at $38,000. TFO Wealth Partners LLC lifted its stake in WillScot Mobile Mini by 6,578.6% during the fourth quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock valued at $42,000 after buying an additional 921 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of WillScot Mobile Mini in the first quarter worth $55,000. Summit Securities Group LLC purchased a new position in shares of WillScot Mobile Mini during the 2nd quarter valued at $56,000. Finally, CWM LLC raised its stake in shares of WillScot Mobile Mini by 80.3% during the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after purchasing an additional 728 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

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.