Raymond James & Associates boosted its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) by 14.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 141,476 shares of the company’s stock after buying an additional 17,384 shares during the quarter. Raymond James & Associates owned approximately 0.06% of WillScot Mobile Mini worth $5,706,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its holdings in WillScot Mobile Mini by 17.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 10,985 shares of the company’s stock valued at $443,000 after buying an additional 1,646 shares during the last quarter. Shufro Rose & Co. LLC increased its position in WillScot Mobile Mini by 4.9% during the 3rd quarter. Shufro Rose & Co. LLC now owns 10,281 shares of the company’s stock valued at $415,000 after purchasing an additional 481 shares during the period. Calamos Advisors LLC increased its position in WillScot Mobile Mini by 38.5% during the 3rd quarter. Calamos Advisors LLC now owns 80,325 shares of the company’s stock valued at $3,240,000 after purchasing an additional 22,312 shares during the period. Alphastar Capital Management LLC purchased a new position in WillScot Mobile Mini during the 3rd quarter valued at $3,082,000. Finally, WCM Investment Management LLC increased its position in WillScot Mobile Mini by 0.4% during the 3rd quarter. WCM Investment Management LLC now owns 420,223 shares of the company’s stock valued at $16,737,000 after purchasing an additional 1,612 shares during the period. 97.25% of the stock is currently owned by institutional investors.
Insider Buying and Selling at WillScot Mobile Mini
In related news, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction on Monday, November 7th. The shares were acquired at an average price of $46.88 per share, for a total transaction of $234,400.00. Following the purchase, the chief executive officer now owns 431,683 shares of the company’s stock, valued at $20,237,299.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of the stock in a transaction dated Monday, November 7th. The shares were purchased at an average price of $46.88 per share, for a total transaction of $234,400.00. Following the purchase, the chief executive officer now directly owns 431,683 shares of the company’s stock, valued at $20,237,299.04. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey Sagansky sold 50,000 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $46.13, for a total transaction of $2,306,500.00. Following the completion of the transaction, the director now owns 2,595,712 shares in the company, valued at approximately $119,740,194.56. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.
WillScot Mobile Mini Stock Performance
Shares of WillScot Mobile Mini stock opened at $46.17 on Monday. The stock has a market cap of $9.64 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 0.94 and a beta of 1.55. The firm’s 50-day moving average is $46.33 and its 200 day moving average is $42.06. WillScot Mobile Mini Holdings Corp. has a 1 year low of $30.52 and a 1 year high of $49.02. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.88 and a quick ratio of 0.81.
WillScot Mobile Mini (NASDAQ:WSC – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $604.17 million for the quarter, compared to analysts’ expectations of $583.43 million. WillScot Mobile Mini had a net margin of 14.80% and a return on equity of 15.36%. Sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.35 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have issued reports on WSC. Robert W. Baird boosted their price objective on shares of WillScot Mobile Mini from $45.00 to $53.00 in a research report on Thursday, November 3rd. Oppenheimer raised their target price on shares of WillScot Mobile Mini to $48.00 in a research report on Thursday, October 13th. Barclays raised their target price on shares of WillScot Mobile Mini from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, December 2nd. Finally, Morgan Stanley raised their target price on shares of WillScot Mobile Mini from $56.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 14th.
WillScot Mobile Mini Profile
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WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom. The company leases modular space and portable storage units to customers in the commercial and industrial, construction, education, energy and natural resources, government, and other end markets.
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