WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Insider Graeme Parkes Sells 2,900 Shares

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) insider Graeme Parkes sold 2,900 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the completion of the sale, the insider now directly owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. The trade was a 3.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

WillScot Mobile Mini Trading Down 2.1 %

Shares of NASDAQ:WSC traded down $0.74 during mid-day trading on Friday, reaching $35.12. 5,386,135 shares of the company’s stock were exchanged, compared to its average volume of 2,286,675. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 319.30, a PEG ratio of 2.20 and a beta of 1.38. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.71 and a twelve month high of $52.16. The business’s fifty day moving average price is $37.35 and its 200-day moving average price is $37.94. 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) last issued 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 return on equity of 23.97% and a net margin of 1.05%. WillScot Mobile Mini’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 earnings per share. On average, research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Baird R W lowered WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Robert W. Baird dropped their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price target for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Finally, Barclays lowered 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 report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, WillScot Mobile Mini has an average rating of “Hold” and an average price target of $45.00.

Institutional Investors Weigh In On WillScot Mobile Mini

Several institutional investors and hedge funds have recently made changes to their positions in WSC. V Square Quantitative Management LLC acquired a new stake in shares of WillScot Mobile Mini during the 3rd quarter worth approximately $25,000. Hexagon Capital Partners LLC raised its holdings 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 valued at $34,000 after purchasing an additional 600 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of WillScot Mobile Mini in the 3rd quarter valued at about $36,000. Summit Securities Group LLC acquired a new position in WillScot Mobile Mini during the 2nd quarter worth approximately $56,000. Finally, CWM LLC boosted its holdings in WillScot Mobile Mini by 80.3% in the second quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after acquiring an additional 728 shares in the last quarter. 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.