Swiss National Bank Has $13.88 Million Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Swiss National Bank decreased its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 1.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 369,193 shares of the company’s stock after selling 4,500 shares during the period. Swiss National Bank’s holdings in WillScot Mobile Mini were worth $13,882,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research firms have recently weighed in on WSC. Oppenheimer lowered their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Barclays lowered their target price on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. DA Davidson decreased their price objective on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Bank of America decreased their price objective on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $45.00.

WillScot Mobile Mini Stock Up 2.4 %

Shares of NASDAQ WSC opened at $36.30 on Friday. The firm has a market capitalization of $6.71 billion, a PE ratio of 330.00, a price-to-earnings-growth ratio of 2.12 and a beta of 1.37. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 1 year low of $32.71 and a 1 year high of $52.16. The firm’s 50-day moving average is $37.68 and its 200-day moving average is $38.15.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (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 the consensus estimate of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. Equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Insider Activity

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $36.38 per share, for a total transaction of $181,900.00. Following the transaction, the chief executive officer now directly owns 144,686 shares of the company’s stock, valued at approximately $5,263,676.68. The trade was a 3.58 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CAO Sally J. Shanks sold 14,059 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.69, for a total transaction of $487,706.71. Following the completion of the sale, the chief accounting officer now owns 26,113 shares in the company, valued at $905,859.97. This represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 20,000 shares of company stock valued at $728,750. 3.30% of the stock is currently owned by insiders.

WillScot Mobile Mini Company 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.