WillScot Mobile Mini (NASDAQ:WSC) Shares Gap Down to $46.50

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $46.50, but opened at $45.25. WillScot Mobile Mini shares last traded at $44.55, with a volume of 444,046 shares changing hands.

Wall Street Analyst Weigh In

WSC has been the subject of a number of research analyst reports. Jefferies Financial Group lowered shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and cut their price objective for the company from $58.00 to $42.00 in a report on Monday. Wells Fargo & Company raised their target price on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the company an "overweight" rating in a report on Wednesday, February 21st. Stifel Nicolaus raised their target price on shares of WillScot Mobile Mini from $53.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. Oppenheimer raised their target price on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday, January 19th. Finally, Barclays raised their target price on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $53.38.

WillScot Mobile Mini Stock Performance

The company has a market capitalization of $8.39 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.00 and a beta of 1.35. The business has a 50-day moving average of $47.47 and a 200-day moving average of $43.33. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.01 and a quick ratio of 0.93.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). The company had revenue of $612.38 million during the quarter, compared to the consensus estimate of $619.63 million. WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. On average, sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 2.11 EPS for the current year.

Insider Transactions at WillScot Mobile Mini

In other news, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini stock in a transaction on Friday, March 8th. The stock was sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the completion of the sale, the director now directly owns 2,420,905 shares in the company, valued at $114,992,987.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $47.50, for a total value of $3,562,500.00. Following the completion of the sale, the director now directly owns 2,420,905 shares in the company, valued at $114,992,987.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $47.76 per share, with a total value of $238,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 13,869 shares of the company's stock, valued at $662,383.44. The disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company's stock.

Institutional Trading of WillScot Mobile Mini

Institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. grew its stake in WillScot Mobile Mini by 13.5% in the first quarter. American Century Companies Inc. now owns 13,824 shares of the company's stock valued at $541,000 after purchasing an additional 1,643 shares during the last quarter. Bank of Montreal Can grew its stake in WillScot Mobile Mini by 192.4% in the first quarter. Bank of Montreal Can now owns 19,084 shares of the company's stock valued at $763,000 after purchasing an additional 12,557 shares during the last quarter. Rhumbline Advisers grew its stake in WillScot Mobile Mini by 1.1% in the first quarter. Rhumbline Advisers now owns 220,234 shares of the company's stock valued at $8,618,000 after purchasing an additional 2,290 shares during the last quarter. Prudential PLC purchased a new position in WillScot Mobile Mini in the first quarter valued at about $633,000. Finally, Baird Financial Group Inc. grew its stake in WillScot Mobile Mini by 3.8% in the first quarter. Baird Financial Group Inc. now owns 119,628 shares of the company's stock valued at $4,681,000 after purchasing an additional 4,380 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.

WillScot Mobile Mini Company Profile

WillScot Mobile Mini Holdings Corp. 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.