Maren Capital LLC Invests $9.96 Million in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Maren Capital LLC acquired a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 264,831 shares of the company's stock, valued at approximately $9,958,000. WillScot Mobile Mini comprises about 0.8% of Maren Capital LLC's portfolio, making the stock its 16th largest position. Maren Capital LLC owned approximately 0.14% of WillScot Mobile Mini at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WSC. V Square Quantitative Management LLC purchased a new position in WillScot Mobile Mini during the 3rd quarter worth $25,000. Hexagon Capital Partners LLC raised its stake in WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock worth $34,000 after purchasing an additional 600 shares during the period. Financial Management Professionals Inc. acquired a new stake in WillScot Mobile Mini during the 3rd quarter valued at $36,000. Summit Securities Group LLC acquired a new stake in WillScot Mobile Mini during the 2nd quarter valued at $56,000. Finally, CWM LLC grew its holdings in WillScot Mobile Mini by 80.3% during the 2nd quarter. CWM LLC now owns 1,635 shares of the company's stock valued at $62,000 after purchasing an additional 728 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Price Performance

Shares of NASDAQ WSC traded up $1.51 during mid-day trading on Wednesday, reaching $39.21. The company had a trading volume of 2,758,625 shares, compared to its average volume of 2,285,400. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. WillScot Mobile Mini Holdings Corp. has a one year low of $32.71 and a one year high of $52.16. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 356.64, a PEG ratio of 2.31 and a beta of 1.38. The business's 50-day simple moving average is $37.40 and its 200 day simple moving average is $38.03.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released 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 firm had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The business's revenue for the quarter 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, research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, CAO Sally J. Shanks sold 14,059 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the transaction, the chief accounting officer now directly owns 26,113 shares in the company, valued at approximately $905,859.97. This trade represents a 35.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Hezron T. Lopez sold 20,000 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.38, for a total value of $787,600.00. Following the transaction, the executive vice president now owns 57,918 shares in the company, valued at approximately $2,280,810.84. This trade represents a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought 20,000 shares of company stock valued at $728,750 over the last ninety days. 3.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WSC has been the subject of several research reports. Robert W. Baird decreased their price target on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Baird R W downgraded shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and lowered their price objective for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Finally, Barclays reduced their price objective on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating for the company in a research note on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, WillScot Mobile Mini has a consensus rating of "Hold" and a consensus target price of $45.00.

WillScot Mobile Mini Company 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.