WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 4.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,588 shares of the company’s stock after purchasing an additional 3,813 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in WillScot Mobile Mini were worth $3,745,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WSC. Baupost Group LLC MA purchased a new stake in WillScot Mobile Mini during the second quarter worth $92,971,000. William Blair Investment Management LLC boosted its stake in shares of 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 acquiring an additional 2,355,445 shares in the last quarter. Swedbank AB grew its position in shares of WillScot Mobile Mini by 229.2% during the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after acquiring an additional 2,246,000 shares during the period. Boston Partners grew its position in shares of WillScot Mobile Mini by 66.0% during the 1st quarter. Boston Partners now owns 5,434,288 shares of the company’s stock valued at $251,118,000 after acquiring an additional 2,159,958 shares during the period. Finally, Capital Research Global Investors increased its stake 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 valued at $181,630,000 after purchasing an additional 2,063,746 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WSC has been the topic of several research analyst reports. Bank of America dropped their price objective 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. Barclays cut shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $50.00 to $44.00 in a research note on Thursday, September 19th. DA Davidson reduced their price objective on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Oppenheimer dropped their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Stifel Nicolaus cut their target price on shares of 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. 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.90.

Insider Transactions at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased 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. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Stock Up 1.7 %

Shares of NASDAQ WSC opened at $37.33 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 2.88. The company has a 50-day moving average of $37.69 and a 200 day moving average of $38.54. WillScot Mobile Mini Holdings Corp. has a 12-month low of $33.23 and a 12-month high of $52.16. The stock has a market cap of $7.10 billion, a PE ratio of 23.04, a P/E/G ratio of 1.20 and a beta of 1.35.

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