Wellington Management Group LLP Purchases 28,521 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Wellington Management Group LLP raised its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 4.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 653,395 shares of the company's stock after purchasing an additional 28,521 shares during the quarter. Wellington Management Group LLP owned approximately 0.35% of WillScot Mobile Mini worth $24,568,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. State Street Corp grew its position in WillScot Mobile Mini by 2.3% in the third quarter. State Street Corp now owns 3,346,779 shares of the company's stock worth $125,839,000 after acquiring an additional 74,212 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in WillScot Mobile Mini by 21.7% in the third quarter. Quantinno Capital Management LP now owns 9,420 shares of the company's stock worth $354,000 after purchasing an additional 1,681 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in WillScot Mobile Mini during the third quarter worth $20,773,000. Maren Capital LLC bought a new position in WillScot Mobile Mini during the third quarter valued at about $9,958,000. Finally, Janus Henderson Group PLC lifted its position in shares of WillScot Mobile Mini by 4.4% in the third quarter. Janus Henderson Group PLC now owns 147,175 shares of the company's stock worth $5,535,000 after buying an additional 6,262 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, CAO Sally J. Shanks sold 14,059 shares of WillScot Mobile Mini 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 sale, the chief accounting officer now directly owns 26,113 shares of the company's stock, valued at approximately $905,859.97. The trade was a 35.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Graeme Parkes sold 2,900 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the completion of the sale, the insider now owns 72,818 shares in the company, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 20,000 shares of company stock worth $728,750 and sold 36,959 shares worth $1,382,636. 3.30% of the stock is currently owned by corporate insiders.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock traded down $0.74 during mid-day trading on Friday, reaching $35.12. The company had a trading volume of 5,386,139 shares, compared to its average volume of 2,094,132. The company has a 50 day moving average of $37.30 and a 200-day moving average of $37.91. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.71 and a 52 week 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 $6.49 billion, a price-to-earnings ratio of 319.30, a PEG ratio of 2.12 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released 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 analyst estimates of $617.83 million. During the same period last year, the business earned $0.46 earnings per share. The firm's quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Robert W. Baird lowered their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Baird R W downgraded WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and dropped their price target for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Finally, Barclays decreased their price objective on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating for the company in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. 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 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.