WillScot Mobile Mini Sees Unusually Large Options Volume (NASDAQ:WSC)

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) was the recipient of unusually large options trading on Monday. Traders acquired 27,486 call options on the company. This represents an increase of approximately 223% compared to the average volume of 8,507 call options.

Analyst Upgrades and Downgrades

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

WillScot Mobile Mini Stock Performance

Shares of WillScot Mobile Mini stock opened at $35.20 on Tuesday. WillScot Mobile Mini has a 12 month low of $32.71 and a 12 month high of $52.16. The stock’s fifty day moving average price is $37.30 and its 200-day moving average price is $37.89. The firm has a market cap of $6.50 billion, a P/E ratio of 320.00, a P/E/G ratio of 2.12 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.

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

Insiders Place Their Bets

In related news, EVP Hezron T. Lopez sold 20,000 shares of the stock in a transaction on Friday, November 8th. The stock was 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 of the company’s stock, valued at $2,280,810.84. This trade represents a 25.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Sally J. Shanks sold 14,059 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.69, for a total transaction of $487,706.71. Following the transaction, the chief accounting officer now owns 26,113 shares in the company, valued at $905,859.97. This represents a 35.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 20,000 shares of company stock worth $728,750 and have sold 36,959 shares worth $1,382,636. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WSC. Sunbelt Securities Inc. lifted its position in WillScot Mobile Mini by 15,389.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company’s stock worth $2,023,000 after acquiring an additional 53,400 shares during the period. Douglass Winthrop Advisors LLC lifted its holdings 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 purchasing an additional 40,393 shares during the period. First Sabrepoint Capital Management LP boosted its position 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 buying an additional 35,492 shares during the last quarter. Bislett Management LLC boosted its position 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 valued at $43,992,000 after buying an additional 35,000 shares during the last quarter. Finally, Swedbank AB increased its holdings in WillScot Mobile Mini by 229.2% in the 3rd 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 during the period. 95.81% of the stock is currently 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.