Asset Management One Co. Ltd. reduced its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) by 24.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,566 shares of the company’s stock after selling 32,931 shares during the quarter. Asset Management One Co. Ltd.’s holdings in WillScot Mobile Mini were worth $4,217,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. American Century Companies Inc. lifted its holdings in WillScot Mobile Mini by 13.5% during the 1st quarter. American Century Companies Inc. now owns 13,824 shares of the company’s stock worth $541,000 after buying an additional 1,643 shares in the last quarter. Bank of Montreal Can lifted its holdings in WillScot Mobile Mini by 192.4% during the 1st quarter. Bank of Montreal Can now owns 19,084 shares of the company’s stock worth $763,000 after buying an additional 12,557 shares in the last quarter. Rhumbline Advisers lifted its holdings in WillScot Mobile Mini by 1.1% during the 1st quarter. Rhumbline Advisers now owns 220,234 shares of the company’s stock worth $8,618,000 after buying an additional 2,290 shares in the last quarter. Prudential PLC acquired a new position in WillScot Mobile Mini during the 1st quarter worth $633,000. Finally, Baird Financial Group Inc. lifted its holdings in WillScot Mobile Mini by 3.8% during the 1st quarter. Baird Financial Group Inc. now owns 119,628 shares of the company’s stock worth $4,681,000 after buying an additional 4,380 shares in the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Oppenheimer upped their price objective on WillScot Mobile Mini to $48.00 in a report on Thursday, October 13th. Robert W. Baird increased their price target on WillScot Mobile Mini from $45.00 to $53.00 in a research note on Thursday, November 3rd. Barclays increased their price target on WillScot Mobile Mini from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, December 2nd. Finally, Morgan Stanley increased their price target on WillScot Mobile Mini from $56.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, December 14th.
WillScot Mobile Mini Price Performance
WSC opened at $47.87 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.75. WillScot Mobile Mini Holdings Corp. has a 12 month low of $30.52 and a 12 month high of $49.02. The company has a fifty day simple moving average of $46.27 and a 200 day simple moving average of $43.05. The stock has a market cap of $10.00 billion, a P/E ratio of 33.01, a P/E/G ratio of 0.98 and a beta of 1.55.
WillScot Mobile Mini (NASDAQ:WSC – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $604.17 million during 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%. On average, research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.35 EPS for the current year.
Insiders Place Their Bets
In other news, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction on Monday, November 7th. The stock was purchased at an average price of $46.88 per share, for a total transaction of $234,400.00. Following the acquisition, the chief executive officer now owns 431,683 shares in the company, valued at $20,237,299.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Jeffrey Sagansky sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $46.13, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was bought at an average price of $46.88 per share, with a total value of $234,400.00. Following the acquisition, the chief executive officer now directly owns 431,683 shares in the company, valued at $20,237,299.04. The disclosure for this purchase can be found here. Corporate insiders own 2.80% of the company’s stock.
About WillScot Mobile Mini
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WillScot Mobile Mini Holdings Corp. provides modular and portable storage services. The firm offers furniture rental, transportation and logistics, storage & facilities services and commercial real estate services. It offers turnkey office space and storage solutions for temporary applications in the commercial and industrial, construction, retail, education, health care, government, transportation, security and energy sectors.
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