Royce & Associates LP Trims Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Royce & Associates LP lowered its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 74.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,000 shares of the company's stock after selling 144,470 shares during the quarter. Royce & Associates LP's holdings in WillScot Mobile Mini were worth $1,880,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sunbelt Securities Inc. raised its stake in shares of 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 in the last quarter. Swedbank AB increased its stake in WillScot Mobile Mini by 15.7% during the 2nd quarter. Swedbank AB now owns 980,000 shares of the company's stock valued at $36,887,000 after purchasing an additional 133,000 shares in the last quarter. Hood River Capital Management LLC increased its stake in 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 valued at $3,413,000 after purchasing an additional 32,900 shares in the last quarter. Shell Asset Management Co. acquired a new position in WillScot Mobile Mini during the 1st quarter valued at approximately $670,000. Finally, Bislett Management LLC increased its stake in WillScot Mobile Mini by 3.1% during the 3rd 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 in the last quarter. Institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Trading Down 0.1 %

Shares of WSC traded down $0.05 during trading on Wednesday, reaching $35.09. 642,803 shares of the company traded hands, compared to its average volume of 2,289,256. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.71 and a twelve month high of $52.16. The stock has a market cap of $6.48 billion, a PE ratio of 319.48, a price-to-earnings-growth ratio of 2.13 and a beta of 1.37. The stock has a 50-day simple moving average of $37.82 and a 200-day simple moving average of $38.19. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

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

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, EVP Hezron T. Lopez sold 20,000 shares of the business's 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 completion of the transaction, the executive vice president now owns 57,918 shares in the company, valued at $2,280,810.84. The trade was a 25.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Sally J. Shanks sold 14,059 shares of the business's stock in a transaction that occurred 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 transaction, the chief accounting officer now 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 disclosure for this sale can be found here. Over the last quarter, insiders acquired 20,000 shares of company stock worth $728,750. Corporate insiders own 3.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on WSC shares. Baird R W lowered shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. DA Davidson dropped their price objective on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a "buy" rating on the stock in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and dropped their price objective for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Robert W. Baird dropped their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Finally, Oppenheimer lowered 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 report on Friday, August 2nd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $45.00.

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.