WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) CEO Purchases $177,050.00 in Stock

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of $35.41 per share, with a total value of $177,050.00. Following the acquisition, the chief executive officer now owns 144,686 shares in the company, valued at approximately $5,123,331.26. This represents a 3.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Bradley Lee Soultz also recently made the following trade(s):

• On Monday, November 4th, Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock. The shares were purchased at an average price of $36.38 per share, for a total transaction of $181,900.00.
• On Wednesday, September 18th, Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock. The shares were acquired at an average price of $38.97 per share, for a total transaction of $194,850.00.

WillScot Mobile Mini Stock Down 1.4 %

Shares of WillScot Mobile Mini stock traded down $0.48 during trading on Friday, reaching $34.50. 930,541 shares of the company traded hands, compared to its average volume of 2,273,424. The firm has a market capitalization of $6.37 billion, a PE ratio of 318.03, a P/E/G ratio of 2.23 and a beta of 1.37. WillScot Mobile Mini Holdings Corp. has a 1-year low of $32.71 and a 1-year high of $52.16. The company has a 50 day moving average price of $37.97 and a 200-day moving average price of $38.26. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC) last released 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 for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. As a group, equities research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WSC. Price T Rowe Associates Inc. MD grew its stake in WillScot Mobile Mini by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,668,190 shares of the company’s stock valued at $542,572,000 after purchasing an additional 456,674 shares during the period. Clearbridge Investments LLC increased its holdings in WillScot Mobile Mini by 2.6% during the second quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock worth $221,591,000 after buying an additional 148,973 shares during the last quarter. Boston Partners raised its holdings in shares of WillScot Mobile Mini by 66.0% in the 1st quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after purchasing an additional 2,159,958 shares during the period. William Blair Investment Management LLC grew its holdings in WillScot Mobile Mini by 102.9% during the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after purchasing an additional 2,355,445 shares during the period. Finally, Bessemer Group Inc. increased its position in WillScot Mobile Mini by 3.2% in the first quarter. Bessemer Group Inc. now owns 4,245,829 shares of the company’s stock worth $197,432,000 after buying an additional 132,503 shares during the last quarter. 95.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. 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 note on Friday, August 2nd. 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 report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price target for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Bank of America reduced their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.