WillScot Mobile Mini Holdings Corp (NASDAQ: WSC) stock fell -2.16% on Monday to $37.99 against a previous-day closing price of $38.83. With 1.37 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.8 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $38.80 whereas the lowest price it dropped to was $37.97. The 52-week range on WSC shows that it touched its highest point at $53.46 and its lowest point at $34.40 during that stretch. It currently has a 1-year price target of $53.00. Beta for the stock currently stands at 1.45.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WSC was up-trending over the past week, with a rise of 2.68%, but this was down by -0.89% over a month. Three-month performance dropped to -8.57% while six-month performance fell -15.99%. The stock lost -19.03% in the past year, while it has lost -15.90% so far this year. A look at the trailing 12-month EPS for WSC yields 1.45 with Next year EPS estimates of 2.27. For the next quarter, that number is 0.52. This implies an EPS growth rate of 40.02% for this year and 29.59% for next year.
Float and Shares Shorts:
At present, 207.95 million WSC shares are outstanding with a float of 186.67 million shares on hand for trading. On Oct 30, 2023, short shares totaled 10.49 million, which was 5.47% higher than short shares on Sep 28, 2023. In addition to Mr. Bradley Lee Soultz as the firm’s CEO & Director, Mr. Timothy D. Boswell serves as its President & CFO.
Through their ownership of 98.18% of WSC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.29% of WSC, in contrast to 42.39% held by mutual funds. Shares owned by individuals account for 2.63%. As the largest shareholder in WSC with 8.93% of the stake, The Vanguard Group, Inc. holds 17,615,540 shares worth 17,615,540. A second-largest stockholder of WSC, Fidelity Management & Research Co, holds 11,612,341 shares, controlling over 5.89% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in WSC, holding 10,333,634 shares or 5.24% stake. With a 3.51% stake in WSC, the T Rowe Price New Horizons Fund is the largest stakeholder. A total of 6,930,603 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.99% of WSC stock, is the second-largest Mutual Fund holder. It holds 5,889,162 shares valued at 232.09 million. Vanguard Small Cap Index Fund holds 2.45% of the stake in WSC, owning 4,834,315 shares worth 190.52 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WSC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WSC analysts setting a high price target of $64.00 and a low target of $48.00, the average target price over the next 12 months is $53.00. Based on these targets, WSC could surge 68.47% to reach the target high and rise by 26.35% to reach the target low. Reaching the average price target will result in a growth of 39.51% from current levels.
Summary of Insider Activity:
Insiders traded WSC stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 2,558 shares were bought while 1,071 shares were sold. The number of buy transactions has increased to 42 while that of sell transactions has risen to 36 over the past year. The total number of shares bought during that period was 529,671 while 334,413 shares were sold.