Clearbridge Investments LLC Acquires 148,973 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Clearbridge Investments LLC raised its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,887,128 shares of the company’s stock after purchasing an additional 148,973 shares during the quarter. Clearbridge Investments LLC owned 3.10% of WillScot Mobile Mini worth $221,591,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in WillScot Mobile Mini by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,668,190 shares of the company’s stock valued at $542,572,000 after buying an additional 456,674 shares during the period. Boston Partners grew its stake in WillScot Mobile Mini by 66.0% in the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after purchasing an additional 2,159,958 shares in the last quarter. William Blair Investment Management LLC increased its holdings in WillScot Mobile Mini by 102.9% during the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock worth $174,796,000 after purchasing an additional 2,355,445 shares during the period. Bessemer Group Inc. raised its position in WillScot Mobile Mini by 3.2% during the 1st quarter. Bessemer Group Inc. now owns 4,245,829 shares of the company’s stock valued at $197,432,000 after purchasing an additional 132,503 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of WillScot Mobile Mini by 112.0% in the 1st quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after buying an additional 2,063,746 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Price Performance

Shares of WSC opened at $37.24 on Wednesday. The company has a 50 day moving average of $38.00 and a two-hundred day moving average of $39.35. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 1.24 and a beta of 1.36. 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 twelve month low of $33.23 and a twelve month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its 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). WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The business had revenue of $604.59 million for the quarter, compared to analysts’ expectations of $614.85 million. During the same quarter last year, the firm earned $0.43 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WSC has been the topic of several research reports. Barclays lowered WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $50.00 to $44.00 in a research note on Thursday, September 19th. Stifel Nicolaus lowered 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. Oppenheimer cut their price objective 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. DA Davidson lowered their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, Bank of America cut their price target on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.90.

Insider Activity

In related news, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was bought at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the purchase, the chief executive officer now directly owns 149,686 shares of the company’s stock, valued at $5,833,263.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

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.