Tidal Investments LLC Purchases 3,692 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Tidal Investments LLC increased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 44.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,975 shares of the company’s stock after acquiring an additional 3,692 shares during the quarter. Tidal Investments LLC’s holdings in WillScot Mobile Mini were worth $450,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of WillScot Mobile Mini in the third quarter valued at approximately $25,000. Hexagon Capital Partners LLC boosted its stake in WillScot Mobile Mini by 200.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after purchasing an additional 600 shares during the period. Financial Management Professionals Inc. bought a new position in WillScot Mobile Mini during the 3rd quarter worth about $36,000. First Horizon Advisors Inc. raised its stake in shares of WillScot Mobile Mini by 16.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after purchasing an additional 302 shares during the period. Finally, KBC Group NV lifted its holdings in shares of WillScot Mobile Mini by 14.7% in the third quarter. KBC Group NV now owns 5,110 shares of the company’s stock valued at $192,000 after purchasing an additional 655 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.

WillScot Mobile Mini Trading Up 0.8 %

WSC stock opened at $33.84 on Tuesday. WillScot Mobile Mini Holdings Corp. has a one year low of $32.57 and a one year high of $52.16. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 307.66, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a fifty day moving average price of $37.04 and a two-hundred day moving average price of $37.70. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). The company had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 EPS. Equities analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Insiders Place Their Bets

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the transaction, the insider now owns 72,818 shares in the company, valued at $2,694,994.18. This represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sally J. Shanks sold 14,059 shares of WillScot Mobile Mini stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.69, for a total transaction of $487,706.71. Following the completion of the sale, the chief accounting officer now owns 26,113 shares of the company’s stock, valued at approximately $905,859.97. The trade was a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 15,000 shares of company stock worth $533,900 and have sold 36,959 shares worth $1,382,636. Company insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

WSC has been the subject of several research reports. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price objective for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Barclays dropped their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Robert W. Baird cut their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

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.