Oppenheimer Asset Management Inc. Sells 20,899 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Oppenheimer Asset Management Inc. cut its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 24.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 66,154 shares of the company's stock after selling 20,899 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in WillScot Mobile Mini were worth $2,487,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Sunbelt Securities Inc. lifted its holdings in shares of WillScot Mobile Mini by 15,389.0% in the second quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company's stock valued at $2,023,000 after purchasing an additional 53,400 shares in the last quarter. Swedbank AB boosted its position in WillScot Mobile Mini by 15.7% during the 2nd quarter. Swedbank AB now owns 980,000 shares of the company's stock worth $36,887,000 after acquiring an additional 133,000 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of WillScot Mobile Mini by 81.2% during the 1st quarter. Hood River Capital Management LLC now owns 73,405 shares of the company's stock worth $3,413,000 after acquiring an additional 32,900 shares in the last quarter. Shell Asset Management Co. acquired a new stake in shares of WillScot Mobile Mini in the first quarter valued at approximately $670,000. Finally, Bislett Management LLC raised its holdings in shares of WillScot Mobile Mini by 3.1% in the third quarter. Bislett Management LLC now owns 1,170,000 shares of the company's stock valued at $43,992,000 after purchasing an additional 35,000 shares during the last quarter. 95.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WSC. Robert W. Baird decreased their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus reduced their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Bank of America decreased their price target on WillScot Mobile Mini from $56.00 to $54.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. DA Davidson cut their price objective on WillScot Mobile Mini from $54.00 to $47.00 and set a "buy" rating for the company in a report on Monday, August 5th. Finally, Baird R W downgraded shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. 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 MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $45.00.

Insider Activity

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the business's stock in a transaction dated Monday, November 4th. The shares were bought at an average price of $36.38 per share, for a total transaction of $181,900.00. Following the completion of the acquisition, the chief executive officer now owns 144,686 shares in the company, valued at approximately $5,263,676.68. This trade represents a 3.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Hezron T. Lopez sold 20,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.38, for a total value of $787,600.00. Following the completion of the sale, the executive vice president now owns 57,918 shares of the company's stock, valued at $2,280,810.84. The trade was a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 15,000 shares of company stock worth $553,800. Corporate insiders own 3.30% of the company's stock.

WillScot Mobile Mini Stock Performance

WSC traded down $0.60 on Friday, reaching $34.38. The company had a trading volume of 3,801,793 shares, compared to its average volume of 4,391,353. The company's fifty day moving average is $37.90 and its 200 day moving average is $38.21. 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 cap of $6.35 billion, a P/E ratio of 312.57, a P/E/G ratio of 2.08 and a beta of 1.37. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $32.71 and a fifty-two week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its earnings results 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 return on equity of 23.97% and a net margin of 1.05%. The firm had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. During the same quarter last year, the business posted $0.46 EPS. WillScot Mobile Mini's revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

WillScot Mobile Mini Company Profile

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.