Raymond James & Associates Raises Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Raymond James & Associates boosted its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 9.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 274,026 shares of the company’s stock after acquiring an additional 23,202 shares during the quarter. Raymond James & Associates’ holdings in WillScot Mobile Mini were worth $10,303,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norden Group LLC lifted its position in shares of WillScot Mobile Mini by 2,181.8% during the first quarter. Norden Group LLC now owns 129,330 shares of the company’s stock worth $6,014,000 after purchasing an additional 123,662 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of WillScot Mobile Mini by 15,389.0% during the second quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company’s stock valued at $2,023,000 after buying an additional 53,400 shares during the period. Sei Investments Co. raised its holdings in shares of WillScot Mobile Mini by 74.4% in the first quarter. Sei Investments Co. now owns 640,720 shares of the company’s stock valued at $29,793,000 after acquiring an additional 273,431 shares in the last quarter. Swedbank AB grew its holdings in WillScot Mobile Mini by 15.7% during the 2nd quarter. Swedbank AB now owns 980,000 shares of the company’s stock worth $36,887,000 after acquiring an additional 133,000 shares in the last quarter. Finally, Hood River Capital Management LLC increased its position in WillScot Mobile Mini by 81.2% during the 1st quarter. Hood River Capital Management LLC now owns 73,405 shares of the company’s stock valued at $3,413,000 after purchasing an additional 32,900 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Buying and Selling

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the acquisition, the chief executive officer now owns 149,686 shares in the company, valued at approximately $5,833,263.42. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Stock Performance

NASDAQ WSC opened at $39.79 on Tuesday. 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 stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.25 and a beta of 1.35. The stock has a 50-day moving average of $37.97 and a 200 day moving average of $38.35. 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 released its quarterly 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 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 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. Sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WSC shares. Bank of America cut 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. Barclays lowered WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $50.00 to $44.00 in a research report on Thursday, September 19th. Oppenheimer dropped 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 decreased 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, Stifel Nicolaus reduced 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 report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.60.

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.