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

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) was the recipient of some unusual options trading on Tuesday. Investors acquired 122,353 call options on the stock. This is an increase of approximately 4,610% compared to the typical daily volume of 2,598 call options.

Analyst Ratings Changes

WSC has been the topic of a number of recent research reports. Barclays cut 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 report on Thursday, September 19th. Robert W. Baird cut WillScot Mobile Mini from an "outperform" rating to a "neutral" rating and set a $42.00 target price on the stock. in a report on Thursday, October 24th. Oppenheimer decreased their target price on WillScot Mobile Mini from $53.00 to $46.00 and set an "outperform" rating on the stock in a report on Friday, August 2nd. Bank of America decreased their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Finally, DA Davidson lowered their price target 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. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, WillScot Mobile Mini currently has an average rating of "Moderate Buy" and an average target price of $47.60.

WillScot Mobile Mini Stock Performance

NASDAQ:WSC traded down $0.62 during mid-day trading on Tuesday, hitting $39.17. 2,834,878 shares of the company's stock traded hands, compared to its average volume of 2,085,984. The firm has a 50 day moving average of $38.02 and a two-hundred day moving average of $38.34. WillScot Mobile Mini has a 12 month low of $33.23 and a 12 month high of $52.16. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 1.25 and a beta of 1.35. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 2.88.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its 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 business had revenue of $604.59 million for the quarter, compared to the consensus estimate of $614.85 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. WillScot Mobile Mini's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS. On average, equities analysts forecast that WillScot Mobile Mini will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were bought at an average price of $38.97 per share, with a total value of $194,850.00. Following the purchase, the chief executive officer now owns 149,686 shares of the company's stock, valued at approximately $5,833,263.42. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On WillScot Mobile Mini

Several large investors have recently added to or reduced their stakes in WSC. Park Place Capital Corp raised its holdings in WillScot Mobile Mini by 29.3% in the 1st quarter. Park Place Capital Corp now owns 2,354 shares of the company's stock valued at $109,000 after acquiring an additional 534 shares in the last quarter. Norden Group LLC raised its holdings in shares of WillScot Mobile Mini by 2,181.8% in the 1st quarter. Norden Group LLC now owns 129,330 shares of the company's stock worth $6,014,000 after buying an additional 123,662 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of WillScot Mobile Mini by 17.8% in the 1st quarter. Principal Financial Group Inc. now owns 16,625 shares of the company's stock worth $773,000 after buying an additional 2,513 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of WillScot Mobile Mini in the 1st quarter worth approximately $55,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of WillScot Mobile Mini in the 1st quarter worth approximately $730,000. Institutional investors and hedge funds own 95.81% of the company's stock.

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.