Insider Selling: WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Insider Sells 2,900 Shares of Stock

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) insider Graeme Parkes sold 2,900 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the transaction, the insider now owns 72,818 shares in the company, valued at $2,694,994.18. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

WillScot Mobile Mini Stock Down 2.1 %

Shares of NASDAQ WSC traded down $0.74 during mid-day trading on Friday, hitting $35.12. The company had a trading volume of 5,386,135 shares, compared to its average volume of 2,286,675. WillScot Mobile Mini Holdings Corp. has a one year low of $32.71 and a one year high of $52.16. The company has a market capitalization of $6.49 billion, a PE ratio of 319.30, a price-to-earnings-growth ratio of 2.20 and a beta of 1.38. 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 firm has a 50-day simple moving average of $37.35 and a two-hundred day simple moving average of $37.94.

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 the consensus estimate of $0.48 by ($0.10). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The company had revenue of $601.43 million during the quarter, compared to analyst estimates of $617.83 million. During the same period in the previous year, the company posted $0.46 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WSC shares. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Barclays decreased their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Baird R W cut WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Robert W. Baird decreased their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.00.

Institutional Investors Weigh In On WillScot Mobile Mini

Hedge funds have recently bought and sold shares of the company. CWM LLC lifted its position in shares of WillScot Mobile Mini by 80.3% in the second quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $62,000 after buying an additional 728 shares during the last quarter. Swedbank AB increased its holdings in shares of WillScot Mobile Mini by 15.7% in the second quarter. Swedbank AB now owns 980,000 shares of the company’s stock valued at $36,887,000 after purchasing an additional 133,000 shares during the last quarter. Raymond James & Associates raised its position in shares of WillScot Mobile Mini by 73.2% in the second quarter. Raymond James & Associates now owns 250,824 shares of the company’s stock valued at $9,441,000 after purchasing an additional 105,992 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of WillScot Mobile Mini by 30.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,836 shares of the company’s stock worth $69,000 after buying an additional 432 shares during the period. Finally, Lecap Asset Management Ltd. grew its stake in WillScot Mobile Mini by 64.3% in the 2nd quarter. Lecap Asset Management Ltd. now owns 45,193 shares of the company’s stock valued at $1,701,000 after buying an additional 17,688 shares during 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.