Swedbank AB Buys 2,246,000 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Swedbank AB lifted its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 229.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,226,000 shares of the company's stock after buying an additional 2,246,000 shares during the period. Swedbank AB owned about 1.75% of WillScot Mobile Mini worth $121,298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. lifted its holdings in shares of WillScot Mobile Mini by 16.4% during the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company's stock valued at $80,000 after purchasing an additional 302 shares during the last quarter. Salvus Wealth Management LLC lifted its position in WillScot Mobile Mini by 1.0% in the 3rd quarter. Salvus Wealth Management LLC now owns 47,830 shares of the company's stock valued at $1,798,000 after acquiring an additional 485 shares in the last quarter. Arizona State Retirement System boosted its stake in WillScot Mobile Mini by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 53,184 shares of the company's stock valued at $2,002,000 after purchasing an additional 520 shares during the last quarter. Hexagon Capital Partners LLC raised its stake in shares of WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock worth $34,000 after purchasing an additional 600 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of WillScot Mobile Mini by 11.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company's stock valued at $228,000 after purchasing an additional 624 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of the business's stock in a transaction on 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 directly owns 144,686 shares of the company's stock, valued at approximately $5,263,676.68. The trade was a 3.58 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Hezron T. Lopez sold 20,000 shares of the stock in a transaction on Friday, November 8th. The stock was 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 directly owns 57,918 shares in the company, 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. In the last three months, insiders purchased 20,000 shares of company stock worth $728,750. Corporate insiders own 3.30% of the company's stock.

WillScot Mobile Mini Stock Performance

Shares of WSC stock traded up $2.42 during trading hours on Monday, reaching $38.72. 4,195,022 shares of the company's stock were exchanged, compared to its average volume of 2,300,365. The company has a market cap of $7.15 billion, a P/E ratio of 330.03, a price-to-earnings-growth ratio of 2.19 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's 50 day moving average is $37.62 and its two-hundred day moving average is $38.12. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS 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%. WillScot Mobile Mini's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. Equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WSC. Bank of America dropped their price target 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. 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. Robert W. Baird dropped their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a "buy" rating to a "hold" rating and cut their target price for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Finally, Stifel Nicolaus dropped their target price on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a "buy" rating on the stock in a research note 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. According to data from MarketBeat.com, WillScot Mobile Mini currently has an average rating of "Hold" and a consensus price target 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.