Cambiar Investors LLC Makes New $11.22 Million Investment in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Cambiar Investors LLC acquired a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 298,442 shares of the company's stock, valued at approximately $11,221,000. Cambiar Investors LLC owned 0.16% of WillScot Mobile Mini as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Baupost Group LLC MA purchased a new stake in shares of WillScot Mobile Mini during the 2nd quarter valued at about $92,971,000. William Blair Investment Management LLC grew its position in WillScot Mobile Mini by 102.9% in the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company's stock valued at $174,796,000 after acquiring an additional 2,355,445 shares in the last quarter. Swedbank AB raised its stake in shares of WillScot Mobile Mini by 229.2% during the third 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 period. Boston Partners lifted its position in shares of WillScot Mobile Mini by 66.0% during the first quarter. Boston Partners now owns 5,434,288 shares of the company's stock worth $251,118,000 after purchasing an additional 2,159,958 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of WillScot Mobile Mini by 112.0% in the first quarter. Capital Research Global Investors now owns 3,906,011 shares of the company's stock valued at $181,630,000 after purchasing an additional 2,063,746 shares during the period. Institutional investors and hedge funds own 95.81% of the company's stock.

Insider Transactions at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz bought 5,000 shares of the business's stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the purchase, the chief executive officer now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WSC. Oppenheimer dropped their price target on shares of 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. Stifel Nicolaus cut their price target 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. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a "buy" rating to a "hold" rating and reduced their price target for the company from $46.00 to $35.00 in a report on Thursday. Robert W. Baird dropped their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Baird R W cut WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, WillScot Mobile Mini currently has an average rating of "Hold" and an average target price of $45.00.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock traded up $3.40 during mid-day trading on Friday, reaching $36.54. The company's stock had a trading volume of 8,952,897 shares, compared to its average volume of 3,026,656. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 332.21, a PEG ratio of 1.08 and a beta of 1.37. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.71 and a twelve month high of $52.16. The business has a 50 day moving average price of $37.97 and a 200-day moving average price of $38.26. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly 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). 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 during the quarter, compared to analyst estimates of $617.83 million. During the same period last year, the firm posted $0.46 earnings per share. The company's quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.73 EPS for the current fiscal year.

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.