Point72 Asset Management L.P. Acquires New Shares in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Point72 Asset Management L.P. bought a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 552,473 shares of the company's stock, valued at approximately $20,773,000. Point72 Asset Management L.P. owned approximately 0.30% of WillScot Mobile Mini as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. increased its stake in WillScot Mobile Mini by 15,389.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company's stock worth $2,023,000 after acquiring an additional 53,400 shares during the period. Swedbank AB increased its position in shares of WillScot Mobile Mini by 15.7% in the second quarter. Swedbank AB now owns 980,000 shares of the company's stock worth $36,887,000 after purchasing an additional 133,000 shares during the period. Douglass Winthrop Advisors LLC raised its stake in WillScot Mobile Mini by 32.4% in the third quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company's stock valued at $6,209,000 after purchasing an additional 40,393 shares in the last quarter. Bislett Management LLC lifted its position in WillScot Mobile Mini by 3.1% during the third quarter. Bislett Management LLC now owns 1,170,000 shares of the company's stock worth $43,992,000 after purchasing an additional 35,000 shares during the period. Finally, Clearbridge Investments LLC grew its stake in WillScot Mobile Mini by 2.6% during the second quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company's stock worth $221,591,000 after buying an additional 148,973 shares in the last quarter. Institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Stock Up 1.2 %

NASDAQ:WSC traded up $0.47 during trading hours on Friday, reaching $39.16. The company had a trading volume of 1,917,918 shares, compared to its average volume of 2,283,543. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.71 and a twelve month high of $52.16. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 356.03, a P/E/G ratio of 2.37 and a beta of 1.38. The business's 50-day simple moving average is $37.39 and its two-hundred day simple moving average is $38.03.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The company's revenue was down .6% compared to the same quarter last year. On average, equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CAO Sally J. Shanks sold 14,059 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the completion of the sale, the chief accounting officer now directly owns 26,113 shares of the company's stock, valued at $905,859.97. This trade represents a 35.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Hezron T. Lopez sold 20,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the transaction, the executive vice president now directly owns 57,918 shares of the company's stock, valued at $2,280,810.84. This represents a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 20,000 shares of company stock valued at $728,750. Corporate insiders own 3.30% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Baird R W cut shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Barclays cut their target price 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. Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a "buy" rating to a "hold" rating and decreased their price target for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Finally, Robert W. Baird dropped their price objective on 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. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $45.00.

WillScot Mobile Mini 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.