Bislett Management LLC increased its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,170,000 shares of the company's stock after purchasing an additional 35,000 shares during the quarter. WillScot Mobile Mini makes up approximately 29.5% of Bislett Management LLC's holdings, making the stock its largest holding. Bislett Management LLC owned about 0.62% of WillScot Mobile Mini worth $43,992,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of WillScot Mobile Mini in the 3rd quarter worth about $25,000. Hexagon Capital Partners LLC boosted its position in WillScot Mobile Mini by 200.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock valued at $34,000 after acquiring an additional 600 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in shares of WillScot Mobile Mini during the 3rd quarter worth approximately $36,000. Fidelis Capital Partners LLC bought a new position in shares of WillScot Mobile Mini in the 1st quarter worth approximately $55,000. Finally, Summit Securities Group LLC purchased a new position in shares of WillScot Mobile Mini in the 2nd quarter valued at approximately $56,000. Institutional investors own 95.81% of the company's stock.
Insider Buying and Selling
In related news, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of $36.38 per share, with a total value of $181,900.00. Following the completion of the acquisition, the chief executive officer now owns 144,686 shares of the company's stock, valued at $5,263,676.68. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several brokerages recently issued reports on WSC. Barclays decreased 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 note on Friday. DA Davidson lowered their target price on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a "buy" rating for the company in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a "buy" rating to a "hold" rating and dropped their price target for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Stifel Nicolaus lowered their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Finally, Baird R W downgraded WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $45.00.
Get Our Latest Report on WSC
WillScot Mobile Mini Stock Performance
Shares of WillScot Mobile Mini stock traded up $0.99 on Tuesday, hitting $37.85. 3,516,774 shares of the company's stock were exchanged, compared to its average volume of 2,199,389. 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 stock has a market capitalization of $7.13 billion, a PE ratio of 344.09, a PEG ratio of 1.59 and a beta of 1.37. WillScot Mobile Mini Holdings Corp. has a 1 year low of $32.71 and a 1 year high of $52.16. The company has a 50-day simple moving average of $37.90 and a 200-day simple moving average of $38.24.
WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share 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 company had revenue of $601.43 million for the quarter, compared to analysts' expectations of $617.83 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The firm's quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.
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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