Sunbelt Securities Inc. Grows Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Sunbelt Securities Inc. raised its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 15,389.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 53,747 shares of the company’s stock after purchasing an additional 53,400 shares during the period. Sunbelt Securities Inc.’s holdings in WillScot Mobile Mini were worth $2,023,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WSC. Baupost Group LLC MA bought a new position in shares of WillScot Mobile Mini during the 2nd quarter valued at approximately $92,971,000. William Blair Investment Management LLC raised its holdings in shares of WillScot Mobile Mini by 102.9% during 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 in the last quarter. Boston Partners raised its holdings in shares of WillScot Mobile Mini by 66.0% during the 1st quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after acquiring an additional 2,159,958 shares in the last quarter. 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. Finally, Jackson Square Partners LLC purchased a new position in shares of WillScot Mobile Mini in the first quarter valued at $55,507,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Activity

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was bought at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the purchase, the chief executive officer now owns 149,686 shares in the company, valued at approximately $5,833,263.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Stock Down 1.4 %

NASDAQ:WSC opened at $38.57 on Monday. 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 has a market cap of $7.27 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.24 and a beta of 1.36. The company has a 50-day moving average of $38.18 and a 200 day moving average of $39.51. WillScot Mobile Mini Holdings Corp. has a 1-year low of $33.23 and a 1-year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $604.59 million during the quarter, compared to the consensus estimate of $614.85 million. WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.43 EPS. As a group, research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WSC has been the topic of a number of recent research reports. Oppenheimer decreased 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 note on Friday, August 2nd. DA Davidson decreased their target price on shares of 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. Stifel Nicolaus dropped 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. Barclays downgraded WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $50.00 to $44.00 in a research report on Thursday, September 19th. Finally, Bank of America lowered 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 report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.