We recently published a list of 10 Mid-Cap Stocks Insiders Are Buying Recently. In this article, we are going to take a look at where WillScot Holdings Corporation (NASDAQ:WSC) stands against other mid-cap stocks insiders are buying recently.
Why is it important to keep track of insider trading activity? Insiders, meaning people in high positions, such as executives and directors, have valuable insights into the company’s strategic moves, plans and initiatives. When, for example, a CEO invests their own capital in company stocks, it can indicate strong confidence in the company’s future results.
It is important to note that behind insider selling can be various other motives, that’s why insider trading activity should be assessed within the broader context of the company’s fundamentals, industry trends, and overall market conditions. Many insider purchases don’t necessarily mean the company will be successful. That’s why due diligence before any investment is of crucial importance. Investors should also take into account and carefully analyze underlying reasons for insider transactions. However, insider trading activity in combination with other relevant factors can offer precious insights into a company’s capabilities, helping investors make more informed investment decisions.
To come up with the 10 mid-cap stocks insiders are buying recently, we only considered stocks with a market capitalization of between $2 to $10 billion. We first used Insider Monkey’s insider trading stock screener and looked for stocks with at least two insiders buying over the last three months.
With each stock we note the number of recent insider purchases and the company’s current market capitalization. But why is it important to follow insider activity? Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
Aerial shot of a modular space surrounded by poratable storage units.
WillScot Holdings Corporation (NASDAQ:WSC)
Number of Insiders Recently Buying: 5
Market Capitalization: $6.698B
A provider of mobile and modular space solutions in North America, WillScot Holdings Corporation (NASDAQ:WSC), attracted the attention of five insiders including the CEO, President, and CFO over the last three months. In November, these insiders acquired around $1,053 worth of the company’s shares at a price of around $35.12 per share. The stock is now trading at a similar price of $35.80 per share. Over the last six months, the stock went up 3.62%, and year-to-date it gained 7.03%.
According to StockAnalysis, 10 analysts have an average 12-month price target of $45.50, signaling a potential for an upside of around 27%. Also, the average rating for the stock from 10 analysts is “Buy.” Polen Capital, an investment management company, recently wrote that the company’s “business model is highly predictable as assets are leased with an average duration of three years—this stability has enabled management to allocate capital effectively.” The investment firm added that construction markets have been slugging over the last few years, so it should improve volume backdrop. “We expect this, combined with continued pricing gains through higher attach rates of their Value-Added Services, to lead to mid-teens EPS growth over the next five years.”
In January, WillScot (NASDAQ:WSC) confirmed a partnership as the preferred temporary space provider for the Los Angeles Rams.
WillScot (NASDAQ:WSC) is one of Billionaire Lee Cooperman’s top 15 long-term stock picks.
Overall, WSC ranks 4th on our list of mid-cap stocks insiders are buying recently. While we acknowledge the potential of WSC, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WSC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
