Baupost Group LLC MA Makes New Investment in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Baupost Group LLC MA purchased a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the 2nd quarter, Holdings Channel reports. The firm purchased 2,470,000 shares of the company’s stock, valued at approximately $92,971,000. WillScot Mobile Mini makes up 2.6% of Baupost Group LLC MA’s portfolio, making the stock its 14th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of WSC. Principal Securities Inc. purchased a new stake in WillScot Mobile Mini in the fourth quarter valued at approximately $71,000. Norges Bank purchased a new stake in shares of WillScot Mobile Mini during the 4th quarter valued at $101,809,000. PNC Financial Services Group Inc. increased its holdings in shares of WillScot Mobile Mini by 10.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 56,417 shares of the company’s stock worth $2,511,000 after buying an additional 5,205 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of WillScot Mobile Mini by 9.7% during the 4th 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. Finally, D.A. Davidson & CO. raised its position in shares of WillScot Mobile Mini by 88.9% in the 4th quarter. D.A. Davidson & CO. now owns 35,693 shares of the company’s stock worth $1,588,000 after buying an additional 16,802 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insider Transactions at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average cost of $38.97 per share, with a total value of $194,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 149,686 shares of the company’s stock, valued at approximately $5,833,263.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WSC shares. Stifel Nicolaus lowered their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research 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. Barclays lowered shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $50.00 to $44.00 in a report on Thursday. Bank of America decreased their price objective on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Oppenheimer decreased their price target on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, WillScot Mobile Mini has an average rating of “Moderate Buy” and a consensus target price of $47.90.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock opened at $39.80 on Friday. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. The firm’s fifty day moving average price is $38.23 and its 200 day moving average price is $39.80. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36. WillScot Mobile Mini Holdings Corp. has a 12-month low of $33.23 and a 12-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 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 during the quarter, compared to analyst estimates of $614.85 million. During the same quarter last year, the firm posted $0.43 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. On average, research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.76 EPS for the current fiscal year.

WillScot Mobile Mini Company 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.