Sanctuary Advisors LLC Increases Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Sanctuary Advisors LLC grew its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 23.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,369 shares of the company’s stock after acquiring an additional 3,093 shares during the period. Sanctuary Advisors LLC’s holdings in WillScot Mobile Mini were worth $594,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Clearbridge Investments LLC boosted its holdings in WillScot Mobile Mini by 2.6% in the 2nd quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock valued at $221,591,000 after purchasing an additional 148,973 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of WillScot Mobile Mini by 102.9% in the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after buying an additional 2,355,445 shares during the period. State Street Corp boosted its stake in shares of WillScot Mobile Mini by 2.3% in the third quarter. State Street Corp now owns 3,346,779 shares of the company’s stock valued at $125,839,000 after buying an additional 74,212 shares in the last quarter. Swedbank AB grew its holdings in WillScot Mobile Mini by 229.2% during the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after acquiring an additional 2,246,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in WillScot Mobile Mini by 18.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,596,990 shares of the company’s stock worth $97,755,000 after acquiring an additional 411,808 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Stock Performance

NASDAQ:WSC opened at $33.80 on Wednesday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The firm has a market cap of $6.24 billion, a PE ratio of 307.30, a P/E/G ratio of 2.12 and a beta of 1.38. The firm has a 50 day simple moving average of $37.04 and a 200-day simple moving average of $37.70. WillScot Mobile Mini Holdings Corp. has a 1-year low of $32.57 and a 1-year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). The business had revenue of $601.43 million during the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 earnings per share. On average, equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were bought at an average price of $36.38 per share, with a total value of $181,900.00. Following the completion of the purchase, the chief executive officer now directly owns 144,686 shares in the company, valued at approximately $5,263,676.68. This trade represents a 3.58 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Graeme Parkes sold 2,900 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the sale, the insider now directly owns 72,818 shares of the company’s stock, valued at $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 15,000 shares of company stock valued at $533,900 and have sold 36,959 shares valued at $1,382,636. 3.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WSC. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price target for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Barclays lowered their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Robert W. Baird lowered their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Finally, Baird R W cut shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $45.50.

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.