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Edgestream Partners L.P. Trims Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

WillScot Mobile Mini logo with Finance background

Edgestream Partners L.P. lessened its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 79.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,404 shares of the company's stock after selling 36,606 shares during the period. Edgestream Partners L.P.'s holdings in WillScot Mobile Mini were worth $354,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Baupost Group LLC MA bought a new position in shares of WillScot Mobile Mini during the second quarter valued at about $92,971,000. William Blair Investment Management LLC raised its position in WillScot Mobile Mini by 102.9% during 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 purchasing an additional 2,355,445 shares during the last quarter. Swedbank AB raised its position in WillScot Mobile Mini by 229.2% during the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company's stock valued at $121,298,000 after purchasing an additional 2,246,000 shares during the last quarter. Nippon Life Global Investors Americas Inc. purchased a new stake in WillScot Mobile Mini in the 2nd quarter worth approximately $23,394,000. Finally, Dimensional Fund Advisors LP grew its position in shares of WillScot Mobile Mini by 18.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,596,990 shares of the company's stock worth $97,755,000 after buying an additional 411,808 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WSC has been the subject of a number of research analyst reports. Barclays dropped their price target on 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. Baird R W lowered shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. 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 research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a "buy" rating to a "hold" rating and cut their price objective for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $45.00.

Read Our Latest Stock Analysis on WSC

WillScot Mobile Mini Stock Up 1.2 %

Shares of WSC traded up $0.47 during mid-day trading on Friday, reaching $39.16. The company had a trading volume of 1,917,931 shares, compared to its average volume of 2,665,415. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 356.03, a price-to-earnings-growth ratio of 2.37 and a beta of 1.38. The firm has a 50-day moving average price of $37.39 and a 200 day moving average price of $38.00. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.71 and a 52 week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). The company had revenue of $601.43 million during 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 company's revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. On average, sell-side analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, CAO Sally J. Shanks sold 14,059 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.69, for a total value of $487,706.71. Following the completion of the transaction, the chief accounting officer now owns 26,113 shares of the company's stock, valued at approximately $905,859.97. The trade was a 35.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the company's stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $36.38 per share, for a total transaction of $181,900.00. Following the acquisition, the chief executive officer now owns 144,686 shares in the company, valued at approximately $5,263,676.68. The trade was a 3.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 20,000 shares of company stock valued at $728,750. 3.30% of the stock is owned by insiders.

WillScot Mobile Mini 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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Institutional Ownership by Quarter for WillScot Mobile Mini (NASDAQ:WSC)

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