Blair William & Co. IL Increases Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Blair William & Co. IL increased its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 6.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 223,825 shares of the company’s stock after purchasing an additional 13,489 shares during the period. Blair William & Co. IL’s holdings in WillScot Mobile Mini were worth $8,425,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of WillScot Mobile Mini by 4.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,668,190 shares of the company’s stock worth $542,572,000 after purchasing an additional 456,674 shares during the period. Boston Partners grew its position in WillScot Mobile Mini by 66.0% during the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after buying an additional 2,159,958 shares in the last quarter. William Blair Investment Management LLC increased its stake in WillScot Mobile Mini by 102.9% in 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 during the last quarter. Bessemer Group Inc. raised its holdings in shares of WillScot Mobile Mini by 3.2% in the 1st quarter. Bessemer Group Inc. now owns 4,245,829 shares of the company’s stock valued at $197,432,000 after acquiring an additional 132,503 shares in the last quarter. Finally, Capital Research Global Investors boosted its position in shares of WillScot Mobile Mini by 112.0% during the 1st quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock valued at $181,630,000 after acquiring an additional 2,063,746 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Up 2.4 %

NASDAQ WSC opened at $39.80 on Friday. The stock has a 50-day moving average of $38.23 and a 200-day moving average of $39.80. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 2.88. WillScot Mobile Mini Holdings Corp. has a 1-year low of $33.23 and a 1-year high of $52.16. The firm has a market cap of $7.50 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data 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 net margin of 7.77% and a return on equity of 24.27%. The company had revenue of $604.59 million during the quarter, compared to the consensus estimate of $614.85 million. During the same quarter in the previous year, the firm 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, sell-side analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.76 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the transaction, the chief executive officer now owns 149,686 shares of the company’s stock, valued at $5,833,263.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WSC shares. Barclays downgraded shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $50.00 to $44.00 in a research note on Thursday. Oppenheimer dropped their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Bank of America cut their target price on shares of 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. DA Davidson lowered their price target on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, Stifel Nicolaus cut their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, WillScot Mobile Mini has an average rating of “Moderate Buy” and an average target price of $47.90.

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.