WillScot Mobile Mini (NASDAQ:WSC) Shares Gap Up - Time to Buy?

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $35.20, but opened at $36.78. WillScot Mobile Mini shares last traded at $36.51, with a volume of 684,269 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Baird R W lowered WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Morgan Stanley raised WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $40.00 to $50.00 in a research report on Tuesday. Barclays reduced their price objective on shares of 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. Robert W. Baird cut their target price on 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, Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $45.50.

WillScot Mobile Mini Trading Up 3.6 %

The firm has a market cap of $6.74 billion, a PE ratio of 320.00, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a 50 day simple moving average of $37.26 and a two-hundred day simple moving average of $37.87. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.

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

Insider Buying and Selling

In other WillScot Mobile Mini news, CAO Sally J. Shanks sold 14,059 shares of WillScot Mobile Mini stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.69, for a total value of $487,706.71. Following the completion of the sale, the chief accounting officer now owns 26,113 shares in the company, valued at $905,859.97. The trade was a 35.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Graeme Parkes sold 2,900 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the sale, the insider now owns 72,818 shares of the company's stock, valued at $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 20,000 shares of company stock worth $728,750 and sold 36,959 shares worth $1,382,636. Insiders own 3.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. increased its holdings in WillScot Mobile Mini by 16.4% in the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company's stock worth $80,000 after buying an additional 302 shares during the last quarter. Salvus Wealth Management LLC increased its holdings in shares of WillScot Mobile Mini by 1.0% during the 3rd quarter. Salvus Wealth Management LLC now owns 47,830 shares of the company's stock worth $1,798,000 after purchasing an additional 485 shares during the period. Arizona State Retirement System lifted its position in shares of WillScot Mobile Mini by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 53,184 shares of the company's stock worth $2,002,000 after acquiring an additional 520 shares during the period. Hexagon Capital Partners LLC raised its stake in shares of WillScot Mobile Mini by 200.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock valued at $34,000 after buying an additional 600 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in WillScot Mobile Mini by 11.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company's stock worth $228,000 after purchasing an additional 624 shares during the period. 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.