Insider Selling: WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) CAO Sells $487,706.71 in Stock

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) CAO Sally J. Shanks sold 14,059 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.69, for a total value of $487,706.71. Following the completion of the sale, the chief accounting officer now owns 26,113 shares of the company’s stock, valued at $905,859.97. This trade represents a 35.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

WillScot Mobile Mini Stock Performance

Shares of WSC opened at $35.44 on Friday. The stock has a 50-day simple moving average of $37.75 and a 200-day simple moving average of $38.17. 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 Holdings Corp. has a 1 year low of $32.71 and a 1 year high of $52.16. The stock has a market capitalization of $6.55 billion, a PE ratio of 322.21, a PEG ratio of 2.12 and a beta of 1.37.

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

Analyst Ratings Changes

Several analysts have issued reports on WSC shares. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their target price for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Baird R W cut shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Robert W. Baird cut their price target on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Barclays dropped their price target 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. Finally, Bank of America dropped their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, WillScot Mobile Mini has a consensus rating of “Hold” and a consensus price target of $45.00.

Hedge Funds Weigh In On WillScot Mobile Mini

Several large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. boosted its holdings in shares of WillScot Mobile Mini by 16.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after buying an additional 302 shares in the last quarter. Salvus Wealth Management LLC boosted its stake in WillScot Mobile Mini by 1.0% in the third quarter. Salvus Wealth Management LLC now owns 47,830 shares of the company’s stock valued at $1,798,000 after acquiring an additional 485 shares in the last quarter. Arizona State Retirement System boosted its stake in WillScot Mobile Mini by 1.0% in the second quarter. Arizona State Retirement System now owns 53,184 shares of the company’s stock valued at $2,002,000 after acquiring an additional 520 shares in the last quarter. Hexagon Capital Partners LLC grew 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 worth $34,000 after purchasing an additional 600 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of WillScot Mobile Mini by 11.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company’s stock worth $228,000 after purchasing an additional 624 shares in the last quarter. Hedge funds and other 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.