Marshall Wace LLP Makes New $12.30 Million Investment in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Marshall Wace LLP acquired a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 326,818 shares of the company’s stock, valued at approximately $12,301,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brevan Howard Capital Management LP acquired a new position in WillScot Mobile Mini in the fourth quarter valued at about $2,268,000. Norden Group LLC raised its position in shares of WillScot Mobile Mini by 2,181.8% in the 1st quarter. Norden Group LLC now owns 129,330 shares of the company’s stock valued at $6,014,000 after buying an additional 123,662 shares in the last quarter. Ranger Investment Management L.P. bought a new stake in shares of WillScot Mobile Mini during the 4th quarter worth approximately $14,196,000. Sei Investments Co. boosted its position in shares of WillScot Mobile Mini by 74.4% during the 1st quarter. Sei Investments Co. now owns 640,720 shares of the company’s stock worth $29,793,000 after acquiring an additional 273,431 shares in the last quarter. Finally, Bank of Nova Scotia increased its stake in WillScot Mobile Mini by 1,480.8% in the fourth quarter. Bank of Nova Scotia now owns 169,308 shares of the company’s stock valued at $7,534,000 after acquiring an additional 158,598 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the transaction, the chief executive officer now owns 149,686 shares of the company’s stock, valued at $5,833,263.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC opened at $38.57 on Friday. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91. WillScot Mobile Mini Holdings Corp. has a 52 week low of $33.23 and a 52 week high of $52.16. The firm has a market cap of $7.34 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.32 and a beta of 1.36. The firm’s fifty day moving average is $38.18 and its 200-day moving average is $39.55.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The company had revenue of $604.59 million during the quarter, compared to the consensus estimate of $614.85 million. During the same quarter last year, the firm posted $0.43 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on WSC shares. Bank of America cut their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Oppenheimer reduced their price objective 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. Stifel Nicolaus lowered their target price on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. DA Davidson reduced their price target 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. Finally, Barclays lowered shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $50.00 to $44.00 in a report on Thursday, September 19th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and a consensus target price of $47.90.

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.