Traders Purchase Large Volume of WillScot Mobile Mini Call Options (NASDAQ:WSC)

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) was the target of unusually large options trading on Thursday. Investors acquired 20,789 call options on the company. This represents an increase of 184% compared to the typical daily volume of 7,324 call options.

WillScot Mobile Mini Stock Down 2.8 %

NASDAQ WSC traded down $1.04 during trading on Thursday, reaching $35.92. The company’s stock had a trading volume of 897,236 shares, compared to its average volume of 2,261,117. The business has a 50-day moving average price of $37.97 and a 200-day moving average price of $38.26. WillScot Mobile Mini has a 1-year low of $32.71 and a 1-year high of $52.16. The stock has a market capitalization of $6.64 billion, a PE ratio of 328.48, a PEG ratio of 2.28 and a beta of 1.37. 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 released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. On average, research analysts forecast that WillScot Mobile Mini will post 1.53 earnings per share for the current fiscal year.

Insider Transactions at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz bought 5,000 shares of the business’s stock in a transaction on 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 purchase, the chief executive officer now owns 144,686 shares of the company’s stock, valued at $5,263,676.68. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average cost of $36.38 per share, with a total value of $181,900.00. Following the acquisition, the chief executive officer now directly owns 144,686 shares of the company’s stock, valued at $5,263,676.68. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Hezron T. Lopez sold 20,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.38, for a total value of $787,600.00. Following the completion of the transaction, the executive vice president now directly owns 57,918 shares of the company’s stock, valued at approximately $2,280,810.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its holdings in WillScot Mobile Mini by 7.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 18,821 shares of the company’s stock valued at $875,000 after purchasing an additional 1,293 shares during the period. Oppenheimer & Co. Inc. increased its stake in WillScot Mobile Mini by 15.1% during the first quarter. Oppenheimer & Co. Inc. now owns 6,282 shares of the company’s stock valued at $292,000 after acquiring an additional 825 shares during the period. US Bancorp DE raised its holdings in WillScot Mobile Mini by 3.9% in the 1st quarter. US Bancorp DE now owns 43,591 shares of the company’s stock valued at $2,027,000 after acquiring an additional 1,619 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of WillScot Mobile Mini by 4.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 114,313 shares of the company’s stock worth $5,359,000 after acquiring an additional 4,360 shares during the period. Finally, Foundry Partners LLC bought a new stake in shares of WillScot Mobile Mini during the first quarter valued at approximately $208,000. Institutional investors own 95.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WSC. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. DA Davidson dropped their price target on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Robert W. Baird cut their target price 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, Stifel Nicolaus dropped their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, WillScot Mobile Mini presently has an average rating of “Hold” and a consensus target price of $45.00.

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.