The stock of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) last traded at $49.52, up 3.27% from the previous session.
Data from the available sources indicates that WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) is covered by 10 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $67.00 and a low of $55.00, we find $57.50. Given the previous closing price of $47.95, this indicates a potential upside of 19.92 percent. WSC stock price is now 5.85% away from the 50-day moving average and 7.19% away from the 200-day moving average. The market capitalization of the company currently stands at $9.86B.
In total, 0 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $58.20 as their price target over the next twelve months.
In other news, Shanks Sally J, Chief Accounting Officer sold 10,541 shares of the company’s stock on Jun 15. The stock was sold for $496,308 at an average price of $47.08. Upon completion of the transaction, the Chief Accounting Officer now directly owns 23,932 shares in the company, valued at $1.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 08, Director SAGANSKY JEFFREY sold 100,000 shares of the business’s stock. A total of $4,718,260 was realized by selling the stock at an average price of $47.18. This leaves the insider owning 2,497,235 shares of the company worth $123.66 million. Insiders disposed of 1,209,793 shares of company stock worth roughly $59.91 million over the past 1 year. A total of 1.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WSC stock. A new stake in WillScot Mobile Mini Holdings Corp. shares was purchased by ADAGE CAPITAL PARTNERS GP, L.L.C. during the first quarter worth $31,198,000. DAVIDSON KEMPNER PARTNERS invested $20,944,000 in shares of WSC during the first quarter. In the first quarter, ENGINE NO. 1 LLC acquired a new stake in WillScot Mobile Mini Holdings Corp. valued at approximately $12,481,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in WSC for approximately $8,206,000. KEPOS CAPITAL LP purchased a new stake in WSC valued at around $7,428,000 in the second quarter. In total, there are 566 active investors with 100.42% ownership of the company’s stock.
With an opening price of $48.08 on Tuesday morning, WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC) set off the trading day. During the past 12 months, WillScot Mobile Mini Holdings Corp. has had a low of $37.81 and a high of $53.46. As of last week, the company has a debt-to-equity ratio of 1.85, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for WSC is $46.86 and a two-hundred day moving average price translates $46.24 for the stock.
The latest earnings results from WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC) was released for Mar, 2023. According to the Rental & Leasing Services Company, earnings per share came in at $0.36, beating analysts’ expectations of $0.29 by 0.07. This compares to $0.05 EPS in the same period last year. The company reported revenue of $565.47 million for the quarter, compared to $451.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.33 percent. For the current quarter, analysts expect WSC to generate $582.79M in revenue.
WillScot Mobile Mini Holdings Corp.(WSC) Company Profile
WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. The company leases modular space and portable storage units to customers in the commercial and industrial, construction, retail and wholesale trade, education, energy and natural resources, government, institutions, healthcare, and other end markets. The company offers its solutions primarily under the WillScot and Mobile Mini brands. WillScot Mobile Mini Holdings Corp. was incorporated in 2017 and is headquartered in Phoenix, Arizona.
