Traders Buy High Volume of WillScot Mobile Mini Call Options (NASDAQ:WSC)

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) saw unusually large options trading activity on Tuesday. Traders bought 122,353 call options on the stock. This represents an increase of approximately 4,610% compared to the average daily volume of 2,598 call options.

Analyst Ratings Changes

A number of brokerages recently issued reports on WSC. Oppenheimer dropped their price target on shares of 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. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Barclays cut shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $50.00 to $44.00 in a research report on Thursday, September 19th. Stifel Nicolaus dropped their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Robert W. Baird downgraded WillScot Mobile Mini from an “outperform” rating to a “neutral” rating and set a $42.00 target price for the company. in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.60.

WillScot Mobile Mini Stock Performance

Shares of WSC stock opened at $38.88 on Thursday. The stock’s 50-day moving average price is $38.10 and its 200 day moving average price is $38.33. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88. The stock has a market capitalization of $7.39 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 1.25 and a beta of 1.35. WillScot Mobile Mini has a 52-week low of $33.23 and a 52-week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The company had revenue of $604.59 million for the quarter, compared to analysts’ expectations of $614.85 million. During the same quarter last year, the company earned $0.43 EPS. WillScot Mobile Mini’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities research analysts forecast that WillScot Mobile Mini will post 1.76 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the acquisition, the chief executive officer now owns 149,686 shares of the company’s stock, valued at $5,833,263.42. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On WillScot Mobile Mini

A number of large investors have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in WillScot Mobile Mini during the third quarter worth about $25,000. Hexagon Capital Partners LLC raised its stake in shares of 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. acquired a new stake in shares of WillScot Mobile Mini in the 3rd quarter valued at approximately $36,000. Fidelis Capital Partners LLC purchased a new stake in shares of WillScot Mobile Mini in the first quarter valued at approximately $55,000. Finally, Summit Securities Group LLC acquired a new position in WillScot Mobile Mini during the second quarter worth $56,000. Hedge funds and other institutional investors 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.