Insider Buying: WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Director Buys 5,000 Shares of Stock

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Director Gerard E. Holthaus purchased 5,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average cost of $34.99 per share, for a total transaction of $174,950.00. Following the completion of the acquisition, the director now directly owns 411,221 shares in the company, valued at approximately $14,388,622.79. This trade represents a 1.23 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

WillScot Mobile Mini Price Performance

WSC traded down $0.05 during midday trading on Tuesday, hitting $35.14. 2,260,302 shares of the company traded hands, compared to its average volume of 2,296,862. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 319.94, a PEG ratio of 2.08 and a beta of 1.37. WillScot Mobile Mini Holdings Corp. has a 52-week low of $32.71 and a 52-week high of $52.16. The business has a 50 day simple moving average of $37.87 and a two-hundred day simple moving average of $38.21.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). The company had revenue of $601.43 million for the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $0.46 earnings per share. On average, equities analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price target for the company from $46.00 to $35.00 in a report on Thursday, October 31st. DA Davidson decreased their price objective on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Robert W. Baird lowered their price target on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Barclays cut their price objective 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, Oppenheimer decreased their price target on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.00.

Hedge Funds Weigh In On WillScot Mobile Mini

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WSC. Baupost Group LLC MA purchased a new position in WillScot Mobile Mini during the second quarter valued at $92,971,000. William Blair Investment Management LLC lifted its stake in shares of WillScot Mobile Mini by 102.9% in the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock worth $174,796,000 after buying an additional 2,355,445 shares in the last quarter. Swedbank AB lifted its stake in shares of WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after buying an additional 2,246,000 shares in the last quarter. Boston Partners lifted its stake in shares of WillScot Mobile Mini by 66.0% in the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after buying an additional 2,159,958 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of WillScot Mobile Mini by 112.0% in the first quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after buying an additional 2,063,746 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

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.