Sumitomo Mitsui DS Asset Management Company Ltd Sells 5,064 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,775 shares of the company’s stock after selling 5,064 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned 0.05% of WillScot Mobile Mini worth $3,605,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WSC. Cary Street Partners Investment Advisory LLC grew its position in shares of WillScot Mobile Mini by 3.4% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 8,417 shares of the company’s stock valued at $344,000 after buying an additional 275 shares during the last quarter. First Horizon Advisors Inc. grew its stake in WillScot Mobile Mini by 30.8% during the second quarter. First Horizon Advisors Inc. now owns 1,836 shares of the company’s stock worth $69,000 after purchasing an additional 432 shares during the period. Coldstream Capital Management Inc. increased its holdings in WillScot Mobile Mini by 9.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 5,679 shares of the company’s stock worth $253,000 after purchasing an additional 502 shares in the last quarter. Park Place Capital Corp lifted its stake in WillScot Mobile Mini by 29.3% in the first quarter. Park Place Capital Corp now owns 2,354 shares of the company’s stock valued at $109,000 after buying an additional 534 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of WillScot Mobile Mini by 6.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 11,824 shares of the company’s stock worth $526,000 after buying an additional 708 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.

WillScot Mobile Mini Trading Up 1.4 %

Shares of WSC stock opened at $38.54 on Friday. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. WillScot Mobile Mini Holdings Corp. has a 1-year low of $33.23 and a 1-year high of $52.16. The stock has a market capitalization of $7.26 billion, a PE ratio of 23.79, a P/E/G ratio of 1.34 and a beta of 1.38. The business has a 50-day moving average of $37.97 and a 200 day moving average of $40.83.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $604.59 million for the quarter, compared to analysts’ expectations of $614.85 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. As a group, sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WSC. Barclays lowered their price objective on shares of WillScot Mobile Mini from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Oppenheimer reduced their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. DA Davidson lowered their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Stifel Nicolaus reduced their price target on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Bank of America lowered 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, WillScot Mobile Mini presently has an average rating of “Moderate Buy” and an average price target of $48.50.

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.