Raymond James & Associates Increases Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Raymond James & Associates grew its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 9.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 274,026 shares of the company's stock after acquiring an additional 23,202 shares during the quarter. Raymond James & Associates owned 0.14% of WillScot Mobile Mini worth $10,303,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in shares of WillScot Mobile Mini in the third quarter valued at approximately $25,000. Hexagon Capital Partners LLC increased its position in shares of WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock valued at $34,000 after buying an additional 600 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of WillScot Mobile Mini in the first quarter valued at approximately $55,000. Summit Securities Group LLC purchased a new stake in shares of WillScot Mobile Mini in the second quarter valued at approximately $56,000. Finally, CWM LLC increased its position in shares of WillScot Mobile Mini by 80.3% in the second quarter. CWM LLC now owns 1,635 shares of the company's stock valued at $62,000 after buying an additional 728 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on WSC shares. Baird R W cut WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Robert W. Baird lowered WillScot Mobile Mini from an "outperform" rating to a "neutral" rating and set a $42.00 price objective on the stock. in a research note on Thursday, October 24th. DA Davidson lowered their price objective on WillScot Mobile Mini from $54.00 to $47.00 and set a "buy" rating on the stock in a research note on Monday, August 5th. Stifel Nicolaus lowered their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Finally, Oppenheimer decreased their price target on WillScot Mobile Mini from $53.00 to $46.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, WillScot Mobile Mini currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.60.

WillScot Mobile Mini Stock Down 1.6 %

NASDAQ WSC traded down $0.62 during trading hours on Tuesday, hitting $39.17. 2,834,878 shares of the company were exchanged, compared to its average volume of 2,085,984. The company has a 50 day moving average of $38.02 and a two-hundred day moving average of $38.34. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88. WillScot Mobile Mini Holdings Corp. has a 52-week low of $33.23 and a 52-week high of $52.16. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.25 and a beta of 1.35.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The company had revenue of $604.59 million for the quarter, compared to analysts' expectations of $614.85 million. During the same quarter last year, the company earned $0.43 EPS. WillScot Mobile Mini's revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

Insider Activity

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the purchase, the chief executive officer now directly owns 149,686 shares of the company's stock, valued at $5,833,263.42. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.30% of the company's stock.

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.