Quantbot Technologies LP Decreases Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Quantbot Technologies LP lessened its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 18.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,154 shares of the company's stock after selling 14,674 shares during the quarter. Quantbot Technologies LP's holdings in WillScot Mobile Mini were worth $2,412,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in WSC. CANADA LIFE ASSURANCE Co increased its stake in shares of WillScot Mobile Mini by 3.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 48,161 shares of the company's stock valued at $2,241,000 after buying an additional 1,543 shares during the period. Jane Street Group LLC increased its position in WillScot Mobile Mini by 149.8% during the 1st quarter. Jane Street Group LLC now owns 260,005 shares of the company's stock valued at $12,090,000 after purchasing an additional 155,928 shares during the period. Tidal Investments LLC raised its holdings in WillScot Mobile Mini by 129.2% during the 1st quarter. Tidal Investments LLC now owns 13,279 shares of the company's stock worth $617,000 after purchasing an additional 7,486 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of WillScot Mobile Mini by 234.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 37,920 shares of the company's stock worth $1,763,000 after purchasing an additional 26,569 shares during the period. Finally, Boston Partners boosted its stake in shares of WillScot Mobile Mini by 66.0% in the 1st quarter. Boston Partners now owns 5,434,288 shares of the company's stock valued at $251,118,000 after purchasing an additional 2,159,958 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WSC has been the topic of several recent analyst reports. Robert W. Baird dropped their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Bank of America cut their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. DA Davidson decreased their price target on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, August 5th. Oppenheimer cut their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. Finally, Stifel Nicolaus decreased their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a "buy" rating for the company in a report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $45.00.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, CAO Sally J. Shanks sold 14,059 shares of the company's stock in a transaction dated Monday, November 18th. The shares were 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 in the company, valued at $905,859.97. This represents a 35.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini stock in a transaction dated 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 directly owns 149,686 shares of the company's stock, valued at approximately $5,833,263.42. The trade was a 3.46 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 20,000 shares of company stock valued at $728,750 in the last quarter. Insiders own 3.30% of the company's stock.

WillScot Mobile Mini Stock Performance

NASDAQ:WSC traded up $0.05 during trading on Friday, reaching $38.24. The company's stock had a trading volume of 758,684 shares, compared to its average volume of 2,288,536. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 347.21, a price-to-earnings-growth ratio of 2.31 and a beta of 1.37. WillScot Mobile Mini Holdings Corp. has a 12 month low of $32.71 and a 12 month high of $52.16. 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 firm has a 50 day moving average of $37.54 and a 200-day moving average of $38.10.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted 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). The company had revenue of $601.43 million for the quarter, compared to analysts' expectations of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. Research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 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.