AQR Capital Management LLC Sells 30,477 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

AQR Capital Management LLC trimmed its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 44.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,768 shares of the company’s stock after selling 30,477 shares during the quarter. AQR Capital Management LLC’s holdings in WillScot Mobile Mini were worth $1,422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norden Group LLC grew its stake in shares of WillScot Mobile Mini by 2,181.8% in the 1st quarter. Norden Group LLC now owns 129,330 shares of the company’s stock worth $6,014,000 after buying an additional 123,662 shares during the last quarter. Sei Investments Co. increased its holdings in shares of WillScot Mobile Mini by 74.4% in the first quarter. Sei Investments Co. now owns 640,720 shares of the company’s stock worth $29,793,000 after purchasing an additional 273,431 shares during the last quarter. Swedbank AB increased its holdings in shares of WillScot Mobile Mini by 15.7% in the second quarter. Swedbank AB now owns 980,000 shares of the company’s stock worth $36,887,000 after purchasing an additional 133,000 shares during the last quarter. Hood River Capital Management LLC increased its stake in WillScot Mobile Mini by 81.2% during the first quarter. Hood River Capital Management LLC now owns 73,405 shares of the company’s stock worth $3,413,000 after acquiring an additional 32,900 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in WillScot Mobile Mini by 51.8% during the first quarter. Blair William & Co. IL now owns 210,336 shares of the company’s stock worth $9,781,000 after acquiring an additional 71,793 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average price of $38.97 per share, with a total value of $194,850.00. Following the completion of the purchase, the chief executive officer now directly owns 149,686 shares in the company, valued at approximately $5,833,263.42. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Trading Down 1.2 %

Shares of WillScot Mobile Mini stock opened at $36.39 on Friday. WillScot Mobile Mini Holdings Corp. has a 52-week low of $33.23 and a 52-week 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’s 50-day simple moving average is $37.42 and its 200-day simple moving average is $39.00. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35.

WillScot Mobile Mini (NASDAQ:WSC) last issued its 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). WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The company 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 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WSC has been the topic of a number of analyst reports. Barclays cut 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. Oppenheimer decreased their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus cut their target price on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. DA Davidson cut 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, Bank of America lowered their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.90.

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.