Amalgamated Bank Buys 14,928 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Amalgamated Bank increased its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 127.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 26,677 shares of the company’s stock after purchasing an additional 14,928 shares during the quarter. Amalgamated Bank’s holdings in WillScot Mobile Mini were worth $1,004,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WSC. Quarry LP bought a new position in shares of WillScot Mobile Mini during the fourth quarter valued at about $38,000. TFO Wealth Partners LLC grew its stake in shares of WillScot Mobile Mini by 6,578.6% in the fourth quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock worth $42,000 after purchasing an additional 921 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in WillScot Mobile Mini during the 1st quarter valued at about $55,000. Summit Securities Group LLC bought a new position in WillScot Mobile Mini during the 2nd quarter valued at approximately $56,000. Finally, CWM LLC lifted its holdings in WillScot Mobile Mini by 80.3% in the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after buying an additional 728 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WSC shares. Stifel Nicolaus decreased their target price 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. 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 report on Friday, August 2nd. Barclays lowered shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $50.00 to $44.00 in a research note on Thursday, September 19th. DA Davidson decreased their price target on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Finally, Oppenheimer cut their price objective on 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. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $47.90.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock opened at $38.57 on Friday. WillScot Mobile Mini Holdings Corp. has a twelve month low of $33.23 and a twelve month high of $52.16. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88. The company has a market capitalization of $7.34 billion, a P/E ratio of 23.81, a PEG ratio of 1.32 and a beta of 1.36. The stock’s 50 day moving average is $38.23 and its 200 day moving average is $39.61.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results 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). The company had revenue of $604.59 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.43 earnings per share. On average, equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction dated 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 acquisition, the chief executive officer now directly owns 149,686 shares in the company, valued at approximately $5,833,263.42. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.30% of the company’s stock.

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.