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

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) insider Graeme Parkes sold 2,900 shares of the stock in a transaction that occurred 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 owns 72,818 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this link.

WillScot Mobile Mini Stock Down 2.1 %

Shares of NASDAQ WSC opened at $35.12 on Friday. The stock has a market cap of $6.49 billion, a PE ratio of 319.30, a price-to-earnings-growth ratio of 2.17 and a beta of 1.38. WillScot Mobile Mini Holdings Corp. has a 52-week low of $32.71 and a 52-week high of $52.16. The business has a 50-day moving average price of $37.35 and a 200 day moving average price of $37.94. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Retirement Systems of Alabama increased its holdings in shares of WillScot Mobile Mini by 7.9% in the third quarter. Retirement Systems of Alabama now owns 124,985 shares of the company’s stock valued at $4,699,000 after purchasing an additional 9,159 shares during the period. Tidal Investments LLC lifted its stake in shares of WillScot Mobile Mini by 44.6% in the 3rd quarter. Tidal Investments LLC now owns 11,975 shares of the company’s stock worth $450,000 after acquiring an additional 3,692 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of WillScot Mobile Mini by 23.3% in the third quarter. Sanctuary Advisors LLC now owns 16,369 shares of the company’s stock valued at $594,000 after acquiring an additional 3,093 shares in the last quarter. Virtu Financial LLC purchased a new position in WillScot Mobile Mini during the third quarter worth about $468,000. Finally, TD Private Client Wealth LLC lifted its position in WillScot Mobile Mini by 46.6% in the third quarter. TD Private Client Wealth LLC now owns 10,411 shares of the company’s stock valued at $391,000 after purchasing an additional 3,308 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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