Creative Planning Raises Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Creative Planning raised its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 21.1% during the 2nd quarter, Holdings Channel reports. The firm owned 11,855 shares of the company’s stock after acquiring an additional 2,068 shares during the quarter. Creative Planning’s holdings in WillScot Mobile Mini were worth $446,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in WSC. Buck Wealth Strategies LLC purchased a new stake in shares of WillScot Mobile Mini in the second quarter valued at $3,221,000. Clearline Capital LP boosted its holdings in WillScot Mobile Mini by 30.5% in the second quarter. Clearline Capital LP now owns 118,723 shares of the company’s stock valued at $4,469,000 after acquiring an additional 27,747 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of WillScot Mobile Mini in the 2nd quarter valued at about $7,763,000. Scientech Research LLC acquired a new stake in WillScot Mobile Mini during the 2nd quarter worth approximately $275,000. Finally, Mcmorgan & Co. LLC lifted its position in WillScot Mobile Mini by 41.4% during the second quarter. Mcmorgan & Co. LLC now owns 85,532 shares of the company’s stock valued at $3,219,000 after buying an additional 25,054 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Bradley Lee Soultz bought 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 149,686 shares of the company’s stock, valued at $5,833,263.42. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.30% of the stock is owned by insiders.

WillScot Mobile Mini Price Performance

NASDAQ WSC opened at $36.29 on Wednesday. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.17 and a beta of 1.35. 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 debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91. The business has a 50 day simple moving average of $37.50 and a 200 day simple moving average of $38.69.

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

Analysts Set New Price Targets

A number of research analysts have commented on WSC shares. Stifel Nicolaus reduced their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Barclays lowered shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $50.00 to $44.00 in a research note on Thursday, September 19th. Bank of America reduced their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. 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 report on Monday, August 5th. Finally, Oppenheimer reduced their price objective on 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, WillScot Mobile Mini currently has an average rating of “Moderate Buy” and an average 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.