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

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) was the recipient of some unusual options trading on Thursday. Investors acquired 20,789 call options on the stock. This is an increase of approximately 184% compared to the typical daily volume of 7,324 call options.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was acquired at an average price of $38.97 per share, with a total value of $194,850.00. Following the purchase, the chief executive officer now owns 149,686 shares in the company, valued at $5,833,263.42. This represents a 3.46 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Hezron T. Lopez sold 20,000 shares of the 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 in the company, valued at approximately $2,280,810.84. This trade represents a 25.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have acquired 15,000 shares of company stock valued at $553,800 in the last quarter. Corporate insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WSC. V Square Quantitative Management LLC acquired a new position in WillScot Mobile Mini in the third quarter valued at about $25,000. Hexagon Capital Partners LLC boosted its position in shares of WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after purchasing an additional 600 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of WillScot Mobile Mini in the 3rd quarter valued at $36,000. Summit Securities Group LLC bought a new stake in shares of WillScot Mobile Mini in the 2nd quarter valued at $56,000. Finally, CWM LLC lifted its holdings 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 in the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms 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 for the company in a research report on Friday, August 2nd. Barclays lowered their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Robert W. Baird cut their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their target price for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Finally, DA Davidson cut their price target on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $45.00.

WillScot Mobile Mini Price Performance

Shares of WSC stock opened at $34.38 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 311.48, a PEG ratio of 2.23 and a beta of 1.37. The firm’s 50 day moving average is $37.94 and its 200-day moving average is $38.24. WillScot Mobile Mini has a 1 year low of $32.71 and a 1 year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The firm had revenue of $601.43 million during the quarter, compared to analyst estimates of $617.83 million. During the same period last year, the business posted $0.46 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts forecast that WillScot Mobile Mini will post 1.53 EPS for the current fiscal year.

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.