WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Position Increased by State Street Corp

State Street Corp raised its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,346,779 shares of the company’s stock after buying an additional 74,212 shares during the period. State Street Corp owned approximately 1.81% of WillScot Mobile Mini worth $125,839,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new stake in WillScot Mobile Mini during the third quarter valued at about $25,000. Hexagon Capital Partners LLC lifted its position in shares of WillScot Mobile Mini by 200.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after acquiring an additional 600 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of WillScot Mobile Mini in the 3rd quarter valued at approximately $36,000. Summit Securities Group LLC acquired a new position in WillScot Mobile Mini in the 2nd quarter worth approximately $56,000. Finally, CWM LLC grew its position in WillScot Mobile Mini by 80.3% during the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after purchasing an additional 728 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insiders Place Their Bets

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the sale, the insider now owns 72,818 shares of the company’s stock, valued at $2,694,994.18. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average price of $38.97 per share, with a total value of $194,850.00. Following the completion of the acquisition, the chief executive officer now owns 149,686 shares of the company’s stock, valued at approximately $5,833,263.42. The trade was a 3.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 20,000 shares of company stock valued at $728,750 and sold 36,959 shares valued at $1,382,636. Company insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays reduced their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Baird R W lowered WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their target price for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Finally, Robert W. Baird reduced their price target on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.00.

WillScot Mobile Mini Price Performance

NASDAQ WSC opened at $35.12 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The stock has a market capitalization of $6.49 billion, a PE ratio of 319.30, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.71 and a 12-month high of $52.16. The company has a 50 day moving average price of $37.30 and a two-hundred day moving average price of $37.91.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The company had revenue of $601.43 million during the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. WillScot Mobile Mini’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. As a group, equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

WillScot Mobile Mini Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.