State Street Corp Acquires 74,212 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

State Street Corp lifted its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,346,779 shares of the company's stock after purchasing an additional 74,212 shares during the period. State Street Corp owned about 1.81% of WillScot Mobile Mini worth $125,839,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. lifted its holdings in shares of WillScot Mobile Mini by 15,389.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company's stock valued at $2,023,000 after purchasing an additional 53,400 shares during the last quarter. Douglass Winthrop Advisors LLC grew its position in WillScot Mobile Mini by 32.4% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company's stock worth $6,209,000 after purchasing an additional 40,393 shares during the last quarter. Bislett Management LLC increased its stake in WillScot Mobile Mini by 3.1% in the third 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 during the period. Swedbank AB raised its holdings in shares of WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company's stock valued at $121,298,000 after buying an additional 2,246,000 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of 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 during the period. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Mobile Mini Stock Down 2.1 %

WillScot Mobile Mini stock traded down $0.74 during mid-day trading on Friday, hitting $35.12. The company's stock had a trading volume of 5,386,139 shares, compared to its average volume of 2,094,132. The firm's 50 day moving average is $37.30 and its 200 day moving average is $37.90. The company has a market cap of $6.49 billion, a PE ratio of 319.30, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. 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 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 posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share 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 company had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. During the same quarter last year, the business earned $0.46 earnings per share. WillScot Mobile Mini's quarterly revenue was down .6% on a year-over-year basis. On average, analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Insiders Place Their Bets

In other WillScot Mobile Mini news, CAO Sally J. Shanks sold 14,059 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.69, for a total value of $487,706.71. Following the transaction, the chief accounting officer now directly owns 26,113 shares in the company, valued at $905,859.97. The trade was a 35.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were acquired at an average cost of $38.97 per share, with a total value of $194,850.00. Following the acquisition, the chief executive officer now directly owns 149,686 shares in the company, valued at approximately $5,833,263.42. This trade represents a 3.46 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 20,000 shares of company stock worth $728,750 and have sold 36,959 shares worth $1,382,636. Company insiders own 3.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WSC shares. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $46.00 to $35.00 in a research 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 research note on Thursday, October 31st. Barclays reduced their target price on shares of 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. Finally, Baird R W downgraded shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. 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, WillScot Mobile Mini 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.