WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 34.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 422,018 shares of the company’s stock after selling 218,702 shares during the period. Sei Investments Co. owned approximately 0.22% of WillScot Mobile Mini worth $15,885,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WSC. First Horizon Advisors Inc. grew its holdings in shares of 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 last quarter. Arizona State Retirement System boosted its position in shares of WillScot Mobile Mini by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 53,184 shares of the company’s stock valued at $2,002,000 after purchasing an additional 520 shares during the period. Park Place Capital Corp grew its stake in WillScot Mobile Mini by 29.3% during the 1st quarter. Park Place Capital Corp now owns 2,354 shares of the company’s stock worth $109,000 after buying an additional 534 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in WillScot Mobile Mini by 11.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company’s stock worth $228,000 after buying an additional 624 shares during the period. Finally, CWM LLC lifted its stake in WillScot Mobile Mini by 80.3% in the second quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $62,000 after buying an additional 728 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were bought 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 $5,833,263.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WSC has been the topic of a number of research reports. Bank of America lowered their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Oppenheimer lowered their target price on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Barclays lowered WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $50.00 to $44.00 in a report on Thursday, September 19th. Stifel Nicolaus decreased their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, DA Davidson dropped 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 research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.90.

WillScot Mobile Mini Stock Performance

NASDAQ:WSC opened at $39.10 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $33.23 and a fifty-two week high of $52.16. The firm’s fifty day simple moving average is $38.27 and its 200-day simple moving average is $39.61. The stock has a market cap of $7.44 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.32 and a beta of 1.36.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $604.59 million during 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 last year, the business posted $0.43 earnings per share. Analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current fiscal 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.