WillScot Mobile Mini (NASDAQ:WSC) Shares Up 7.9% - Here's What Happened

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) were up 7.9% during mid-day trading on Friday . The company traded as high as $35.81 and last traded at $35.75. Approximately 2,664,609 shares traded hands during trading, an increase of 24% from the average daily volume of 2,154,084 shares. The stock had previously closed at $33.14.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WSC shares. Oppenheimer dropped their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a "buy" rating to a "hold" rating and cut their price target for the stock from $46.00 to $35.00 in a report on Thursday. Stifel Nicolaus lowered their price objective on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Baird R W cut shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Bank of America decreased their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $45.00.

WillScot Mobile Mini Stock Performance

The firm has a market cap of $6.89 billion, a P/E ratio of 332.18, a PEG ratio of 1.25 and a beta of 1.35. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. The stock's 50 day moving average is $37.97 and its two-hundred day moving average is $38.27.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). The company had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 22.99%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 earnings per share. As a group, equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.76 EPS for the current year.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction on Wednesday, September 18th. The shares were purchased at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the transaction, the chief executive officer now directly owns 149,686 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.30% of the company's stock.

Hedge Funds Weigh In On WillScot Mobile Mini

Institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new position in shares of WillScot Mobile Mini during the third quarter worth approximately $25,000. Hexagon Capital Partners LLC lifted its holdings in WillScot Mobile Mini by 200.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock worth $34,000 after buying an additional 600 shares in the last quarter. Financial Management Professionals Inc. bought a new position in WillScot Mobile Mini in the 3rd quarter valued at $36,000. Fidelis Capital Partners LLC acquired a new stake in shares of WillScot Mobile Mini in the 1st quarter valued at $55,000. Finally, Summit Securities Group LLC bought a new stake in shares of WillScot Mobile Mini during the second quarter worth $56,000. Institutional investors own 95.81% of the company's stock.

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.