WillScot Mobile Mini Target of Unusually High Options Trading (NASDAQ:WSC)

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) was the recipient of some unusual options trading on Monday. Investors purchased 27,486 call options on the company. This is an increase of 223% compared to the average volume of 8,507 call options.

Analyst Ratings Changes

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

WillScot Mobile Mini Stock Up 0.2 %

WSC stock traded up $0.08 during trading on Monday, hitting $35.20. 3,381,347 shares of the stock traded hands, compared to its average volume of 2,291,198. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 319.30, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. WillScot Mobile Mini has a 1 year low of $32.71 and a 1 year high of $52.16. The firm's 50 day moving average is $37.30 and its two-hundred day moving average is $37.89.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $601.43 million for 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 23.97%. WillScot Mobile Mini's revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. On average, sell-side analysts anticipate that WillScot Mobile Mini will post 1.53 EPS for the current year.

Insider Activity

In other news, CAO Sally J. Shanks sold 14,059 shares of WillScot Mobile Mini stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.69, for a total value of $487,706.71. Following the sale, the chief accounting officer now directly owns 26,113 shares in the company, valued at approximately $905,859.97. This trade represents a 35.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Hezron T. Lopez sold 20,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.38, for a total value of $787,600.00. Following the transaction, the executive vice president now owns 57,918 shares of the company's stock, valued at approximately $2,280,810.84. This represents a 25.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 20,000 shares of company stock valued at $728,750 and have sold 36,959 shares valued at $1,382,636. Insiders own 3.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WSC. V Square Quantitative Management LLC purchased a new stake in WillScot Mobile Mini during the 3rd quarter valued at $25,000. Hexagon Capital Partners LLC lifted its holdings in WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock valued at $34,000 after acquiring an additional 600 shares during the period. Financial Management Professionals Inc. purchased a new position in WillScot Mobile Mini in the third quarter worth about $36,000. Summit Securities Group LLC purchased a new stake in shares of WillScot Mobile Mini during the 2nd quarter valued at about $56,000. Finally, CWM LLC increased its position in shares of WillScot Mobile Mini by 80.3% during the 2nd quarter. CWM LLC now owns 1,635 shares of the company's stock valued at $62,000 after purchasing an additional 728 shares during the last quarter. 95.81% of the stock is owned by institutional investors.

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.