WillScot Mobile Mini (NASDAQ:WSC) Sees Unusually-High Trading Volume

Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) saw strong trading volume on Monday . 1,561,033 shares were traded during trading, a decline of 16% from the previous session's volume of 1,853,917 shares.The stock last traded at $37.50 and had previously closed at $38.46.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Barclays raised their price target on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a "buy" rating in a report on Tuesday, January 30th. Morgan Stanley began coverage on shares of WillScot Mobile Mini in a report on Monday, January 8th. They set an "equal weight" rating and a $45.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an "overweight" rating in a report on Wednesday, February 21st. Finally, Oppenheimer raised their price objective on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, January 19th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, WillScot Mobile Mini presently has an average rating of "Moderate Buy" and a consensus target price of $51.13.

WillScot Mobile Mini Stock Down 1.2 %

The business's fifty day simple moving average is $45.53 and its 200 day simple moving average is $43.32. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 2.81. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.91 and a beta of 1.34.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its earnings results on Tuesday, February 20th. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). The business had revenue of $612.38 million for the quarter, compared to analyst estimates of $619.63 million. WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. WillScot Mobile Mini's revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 EPS. Equities analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.98 earnings per share for the current fiscal year.

Insider Transactions at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $47.76 per share, with a total value of $238,800.00. Following the completion of the transaction, the chief executive officer now directly owns 13,869 shares in the company, valued at approximately $662,383.44. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $47.76 per share, with a total value of $238,800.00. Following the completion of the transaction, the chief executive officer now directly owns 13,869 shares in the company, valued at approximately $662,383.44. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Sagansky sold 75,000 shares of the business's stock in a transaction on Friday, March 8th. The shares were 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 disclosure for this sale can be found here. Insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On WillScot Mobile Mini

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WSC. Franklin Resources Inc. increased its stake in WillScot Mobile Mini by 149.9% in the 4th quarter. Franklin Resources Inc. now owns 6,751,072 shares of the company's stock valued at $300,423,000 after buying an additional 4,049,872 shares during the last quarter. Boston Partners acquired a new position in shares of WillScot Mobile Mini during the 4th quarter worth about $145,583,000. Norges Bank acquired a new position in shares of WillScot Mobile Mini during the 4th quarter worth about $101,809,000. Capital Research Global Investors acquired a new position in shares of WillScot Mobile Mini during the 4th quarter worth about $81,981,000. Finally, Ameriprise Financial Inc. increased its stake in shares of WillScot Mobile Mini by 11.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,841,154 shares of the company's stock worth $284,523,000 after purchasing an additional 692,784 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

About WillScot Mobile Mini

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.