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

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the sale, the insider now directly owns 72,818 shares of the company’s stock, 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 legal filing with the SEC, which is available at the SEC website.

WillScot Mobile Mini Stock Performance

Shares of WillScot Mobile Mini stock opened at $35.12 on Monday. The firm’s fifty day simple moving average is $37.30 and its 200-day simple moving average is $37.90. WillScot Mobile Mini Holdings Corp. has a 12 month low of $32.71 and a 12 month high of $52.16. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 319.30, a PEG ratio of 2.12 and a beta of 1.38. 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 posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $601.43 million during the quarter, compared to analyst estimates of $617.83 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Institutional Trading of WillScot Mobile Mini

A number of hedge funds have recently added to or reduced their stakes in the stock. CWM LLC raised its stake in shares of WillScot Mobile Mini by 80.3% during the second quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after purchasing an additional 728 shares during the last quarter. Swedbank AB increased its stake in WillScot Mobile Mini by 15.7% in the 2nd quarter. Swedbank AB now owns 980,000 shares of the company’s stock valued at $36,887,000 after buying an additional 133,000 shares during the period. Raymond James & Associates raised its position in WillScot Mobile Mini by 73.2% during the 2nd quarter. Raymond James & Associates now owns 250,824 shares of the company’s stock worth $9,441,000 after buying an additional 105,992 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of WillScot Mobile Mini by 30.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,836 shares of the company’s stock worth $69,000 after acquiring an additional 432 shares during the period. Finally, Lecap Asset Management Ltd. boosted its holdings in shares of WillScot Mobile Mini by 64.3% in the second quarter. Lecap Asset Management Ltd. now owns 45,193 shares of the company’s stock valued at $1,701,000 after acquiring an additional 17,688 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on WSC. Barclays decreased their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Robert W. Baird cut their price objective 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, Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $45.00.

About WillScot Mobile Mini

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.