B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 117,507 shares of the company's stock, valued at approximately $4,418,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.06% of WillScot Mobile Mini at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in WSC. Price T Rowe Associates Inc. MD increased its position in shares of WillScot Mobile Mini by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,668,190 shares of the company's stock valued at $542,572,000 after purchasing an additional 456,674 shares during the period. Clearbridge Investments LLC raised its position in WillScot Mobile Mini by 2.6% in the second quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company's stock worth $221,591,000 after acquiring an additional 148,973 shares in the last quarter. Boston Partners boosted its position 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 valued at $251,118,000 after purchasing an additional 2,159,958 shares in the last quarter. William Blair Investment Management LLC grew its stake 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 worth $174,796,000 after purchasing an additional 2,355,445 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in WillScot Mobile Mini by 112.0% in the 1st quarter. Capital Research Global Investors now owns 3,906,011 shares of the company's stock worth $181,630,000 after purchasing an additional 2,063,746 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
WSC has been the subject of several recent analyst reports. Bank of America decreased their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Barclays decreased their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a "buy" rating to a "hold" rating and dropped their target price for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Stifel Nicolaus decreased their price target on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a "buy" rating for the company in a report on Friday, August 2nd. Finally, Robert W. Baird dropped their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $45.00.
View Our Latest Analysis on WillScot Mobile Mini
WillScot Mobile Mini Stock Down 0.6 %
Shares of WillScot Mobile Mini stock opened at $34.93 on Thursday. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.71 and a 12-month high of $52.16. The stock has a market capitalization of $6.45 billion, a P/E ratio of 317.57, a PEG ratio of 2.12 and a beta of 1.37. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The stock has a 50 day moving average price of $37.82 and a two-hundred day moving average price of $38.19.
WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.10). The firm 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 business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. Equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.
Insider Buying and Selling
In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm's stock in a transaction dated 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 acquisition, the chief executive officer now owns 144,686 shares of the company's stock, valued at $5,263,676.68. This trade represents a 3.58 % increase in their ownership of the stock. The acquisition 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 company'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 completion of the transaction, the executive vice president now owns 57,918 shares of the company's stock, valued at $2,280,810.84. The trade was a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 20,000 shares of company stock valued at $728,750. Insiders own 3.30% of the company's stock.
WillScot Mobile Mini Company Profile
(
Free Report)
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.
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