Whittier Trust Co. Buys New Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Whittier Trust Co. purchased a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 41,378 shares of the company’s stock, valued at approximately $1,557,000.

Other hedge funds also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC raised its position in WillScot Mobile Mini by 3.4% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 8,417 shares of the company’s stock worth $344,000 after purchasing an additional 275 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of WillScot Mobile Mini by 30.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,836 shares of the company’s stock valued at $69,000 after purchasing an additional 432 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in WillScot Mobile Mini by 9.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 5,679 shares of the company’s stock worth $253,000 after buying an additional 502 shares during the last quarter. Park Place Capital Corp increased its holdings in WillScot Mobile Mini by 29.3% during the 1st quarter. Park Place Capital Corp now owns 2,354 shares of the company’s stock valued at $109,000 after purchasing an additional 534 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position in WillScot Mobile Mini by 6.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 11,824 shares of the company’s stock valued at $526,000 after purchasing an additional 708 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WSC shares. 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. Oppenheimer reduced their price target 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. Barclays dropped their price objective on WillScot Mobile Mini from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. DA Davidson lowered their price target 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 decreased their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, WillScot Mobile Mini presently has an average rating of “Moderate Buy” and an average target price of $48.50.

WillScot Mobile Mini Trading Down 0.6 %

NASDAQ WSC opened at $38.01 on Friday. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.38 and a beta of 1.38. WillScot Mobile Mini Holdings Corp. has a 52 week low of $33.23 and a 52 week high of $52.16. The stock’s 50 day moving average price is $37.99 and its two-hundred day moving average price is $40.98. 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 (NASDAQ:WSC) last announced its 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). 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 analyst estimates of $614.85 million. During the same quarter in the previous year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share 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.