Harbor Capital Advisors Inc. Purchases 2,597 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Harbor Capital Advisors Inc. lifted its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,500 shares of the company’s stock after acquiring an additional 2,597 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in WillScot Mobile Mini were worth $2,793,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WSC. Clearbridge Investments LLC increased its holdings in shares of WillScot Mobile Mini by 2.6% in the 2nd quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock valued at $221,591,000 after acquiring an additional 148,973 shares during the period. William Blair Investment Management LLC boosted its position in WillScot Mobile Mini by 102.9% during the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after purchasing an additional 2,355,445 shares in the last quarter. State Street Corp grew its stake in WillScot Mobile Mini by 2.3% in the third quarter. State Street Corp now owns 3,346,779 shares of the company’s stock valued at $125,839,000 after purchasing an additional 74,212 shares during the last quarter. Swedbank AB raised its holdings in WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after purchasing an additional 2,246,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of WillScot Mobile Mini by 18.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,596,990 shares of the company’s stock valued at $97,755,000 after buying an additional 411,808 shares during the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Robert W. Baird reduced their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price target for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Finally, Barclays dropped their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, WillScot Mobile Mini presently has an average rating of “Moderate Buy” and a consensus price target of $45.50.

Insider Buying and Selling

In other news, CAO Sally J. Shanks sold 14,059 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the sale, the chief accounting officer now directly owns 26,113 shares in the company, valued at $905,859.97. This trade represents a 35.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Graeme Parkes sold 2,900 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the completion of the transaction, the insider now directly owns 72,818 shares of the company’s stock, valued at $2,694,994.18. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 15,000 shares of company stock valued at $533,900 and have sold 36,959 shares valued at $1,382,636. 3.30% of the stock is owned by corporate insiders.

WillScot Mobile Mini Stock Up 2.9 %

WSC stock opened at $34.99 on Friday. The company has a market capitalization of $6.46 billion, a P/E ratio of 318.12, a price-to-earnings-growth ratio of 2.12 and a beta of 1.40. WillScot Mobile Mini Holdings Corp. has a 12 month low of $32.57 and a 12 month high of $52.16. The firm’s fifty day simple moving average is $36.02 and its 200-day simple moving average is $37.25. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

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

About WillScot Mobile Mini

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.