WillScot Mobile Mini (NASDAQ:WSC) Shares Gap Up – What’s Next?

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $36.64, but opened at $39.19. WillScot Mobile Mini shares last traded at $38.27, with a volume of 848,886 shares changing hands.

Wall Street Analyst Weigh In

WSC has been the subject of several recent analyst reports. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their target price for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Barclays lowered their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Finally, Robert W. Baird decreased their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Five equities research 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 currently has an average rating of “Moderate Buy” and an average price target of $45.50.

WillScot Mobile Mini Stock Up 1.6 %

The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 356.21, a PEG ratio of 2.00 and a beta of 1.40. 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 business has a fifty day moving average of $35.73 and a 200 day moving average of $37.21.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). The business had revenue of $601.43 million during the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. As a group, equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, EVP Hezron T. Lopez sold 20,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the sale, the executive vice president now directly owns 57,918 shares in the company, valued at $2,280,810.84. This represents a 25.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $36.38 per share, with a total value of $181,900.00. Following the purchase, the chief executive officer now owns 144,686 shares of the company’s stock, valued at approximately $5,263,676.68. This represents a 3.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 15,000 shares of company stock worth $533,900 and sold 36,959 shares worth $1,382,636. Company insiders own 3.30% of the company’s stock.

Institutional Trading of WillScot Mobile Mini

Hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. raised its position in WillScot Mobile Mini by 15,389.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company’s stock valued at $2,023,000 after purchasing an additional 53,400 shares in the last quarter. Douglass Winthrop Advisors LLC increased its stake in shares of WillScot Mobile Mini by 32.4% during 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 period. First Sabrepoint Capital Management LP raised its holdings in WillScot Mobile Mini by 17.5% in the third quarter. First Sabrepoint Capital Management LP now owns 238,143 shares of the company’s stock valued at $8,954,000 after acquiring an additional 35,492 shares in the last quarter. Bislett Management LLC lifted its stake in WillScot Mobile Mini by 3.1% in the third quarter. Bislett Management LLC now owns 1,170,000 shares of the company’s stock worth $43,992,000 after acquiring an additional 35,000 shares during the last quarter. Finally, Swedbank AB grew its holdings in WillScot Mobile Mini by 229.2% during 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 in the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

About WillScot Mobile Mini

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.