Barclays PLC Grows Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Barclays PLC raised its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 770.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 353,485 shares of the company's stock after purchasing an additional 312,867 shares during the quarter. Barclays PLC owned 0.19% of WillScot Mobile Mini worth $13,292,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Baupost Group LLC MA purchased a new position in WillScot Mobile Mini during the second quarter worth about $92,971,000. William Blair Investment Management LLC boosted 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 buying an additional 2,355,445 shares during the last quarter. Swedbank AB grew its holdings in shares of WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company's stock valued at $121,298,000 after acquiring an additional 2,246,000 shares in the last quarter. Nippon Life Global Investors Americas Inc. purchased a new stake in shares of WillScot Mobile Mini during the second quarter valued at approximately $23,394,000. Finally, Point72 Asset Management L.P. bought a new stake in WillScot Mobile Mini during the third quarter worth $20,773,000. Institutional investors own 95.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Baird R W downgraded WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Barclays reduced their price target on shares of 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 shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Finally, Robert W. Baird dropped their target price 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $45.00.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ WSC traded up $0.08 during midday trading on Monday, hitting $35.20. The company's stock had a trading volume of 3,304,394 shares, compared to its average volume of 2,291,198. The stock has a fifty day moving average price of $37.30 and a 200 day moving average price of $37.89. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 319.30, a P/E/G ratio of 2.12 and a beta of 1.38. WillScot Mobile Mini Holdings Corp. has a one year low of $32.71 and a one year high of $52.16. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued 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). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The business had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. During the same period in the previous year, the firm earned $0.46 EPS. The company's revenue was down .6% compared to the same quarter last year. On average, research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Insider Buying and Selling

In other WillScot Mobile Mini news, Director Gerard E. Holthaus acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average price of $34.99 per share, for a total transaction of $174,950.00. Following the completion of the transaction, the director now owns 411,221 shares of the company's stock, valued at approximately $14,388,622.79. This represents a 1.23 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Graeme Parkes sold 2,900 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the transaction, the insider now owns 72,818 shares of the company's stock, valued at approximately $2,694,994.18. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 20,000 shares of company stock valued at $728,750 and have sold 36,959 shares valued at $1,382,636. 3.30% of the stock is currently owned by insiders.

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.