Azzad Asset Management Inc. ADV Sells 3,924 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Azzad Asset Management Inc. ADV lessened its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,833 shares of the company’s stock after selling 3,924 shares during the period. Azzad Asset Management Inc. ADV’s holdings in WillScot Mobile Mini were worth $2,410,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in WillScot Mobile Mini by 11.3% during the third quarter. Ameriprise Financial Inc. now owns 6,841,154 shares of the company’s stock worth $284,523,000 after buying an additional 692,784 shares during the period. Franklin Resources Inc. boosted its stake in WillScot Mobile Mini by 149.9% during the fourth quarter. Franklin Resources Inc. now owns 6,751,072 shares of the company’s stock worth $300,423,000 after buying an additional 4,049,872 shares during the period. Clearbridge Investments LLC boosted its stake in WillScot Mobile Mini by 3.5% during the fourth quarter. Clearbridge Investments LLC now owns 5,807,486 shares of the company’s stock worth $258,433,000 after buying an additional 198,098 shares during the period. JPMorgan Chase & Co. boosted its stake in WillScot Mobile Mini by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 4,002,566 shares of the company’s stock worth $166,467,000 after buying an additional 124,755 shares during the period. Finally, Boston Partners purchased a new position in WillScot Mobile Mini during the fourth quarter worth $145,583,000. Institutional investors own 95.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on WSC shares. Robert W. Baird lowered their target price on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd. Jefferies Financial Group lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their target price for the company from $58.00 to $42.00 in a research note on Monday, April 1st. DA Davidson lowered their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Oppenheimer reissued an “outperform” rating and set a $53.00 target price (down from $60.00) on shares of WillScot Mobile Mini in a research note on Monday, May 6th. Finally, Stifel Nicolaus lowered their target price on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

WillScot Mobile Mini Stock Up 1.4 %

NASDAQ:WSC opened at $37.51 on Thursday. WillScot Mobile Mini Holdings Corp. has a 1-year low of $34.40 and a 1-year high of $52.16. The company has a 50-day moving average of $38.81 and a 200 day moving average of $43.00. The firm has a market cap of $7.13 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.06 and a beta of 1.38. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.97 and a quick ratio of 0.89.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The business had revenue of $587.18 million during the quarter, compared to analysts’ expectations of $579.98 million. WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. As a group, research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $38.44 per share, for a total transaction of $192,200.00. Following the completion of the acquisition, the chief executive officer now owns 157,771 shares of the company’s stock, valued at approximately $6,064,717.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is currently owned by corporate insiders.

WillScot Mobile Mini Company Profile

WillScot Mobile Mini Holdings Corp. 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.