WillScot Mobile Mini (NASDAQ:WSC) Shares Gap Up – Still a Buy?

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) gapped up prior to trading on Tuesday . The stock had previously closed at $36.64, but opened at $39.19. WillScot Mobile Mini shares last traded at $38.27, with a volume of 848,886 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WSC. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price target for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Barclays decreased their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Robert W. Baird cut their price target on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Five 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, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

WillScot Mobile Mini Stock Performance

The firm has a market capitalization of $7.10 billion, a P/E ratio of 349.97, a price-to-earnings-growth ratio of 1.90 and a beta of 1.40. The business’s 50 day simple moving average is $35.71 and its two-hundred day simple moving average is $37.19. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The company 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%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share. Sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Insider Activity

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the 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 completion of the sale, the insider now directly owns 72,818 shares in the company, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $36.38 per share, for a total transaction of $181,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 144,686 shares of the company’s stock, valued at approximately $5,263,676.68. The trade was a 3.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 15,000 shares of company stock worth $533,900 and have sold 36,959 shares worth $1,382,636. Corporate insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in WillScot Mobile Mini during the third quarter worth $25,000. Hexagon Capital Partners LLC lifted its holdings in 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 purchasing an additional 600 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of WillScot Mobile Mini in the third quarter valued at about $36,000. First Horizon Advisors Inc. boosted its position in WillScot Mobile Mini by 16.4% during the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after acquiring an additional 302 shares during the last quarter. Finally, KBC Group NV lifted its stake in WillScot Mobile Mini by 14.7% in the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after purchasing an additional 655 shares in the last quarter. Hedge funds and other 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.