WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Fmr LLC

FMR LLC reduced its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 34.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,959,038 shares of the company's stock after selling 2,623,080 shares during the period. FMR LLC owned about 2.68% of WillScot Mobile Mini worth $186,460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WSC. Clearbridge Investments LLC lifted its holdings in WillScot Mobile Mini by 2.6% during the 2nd 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 last quarter. William Blair Investment Management LLC lifted its holdings in WillScot Mobile Mini by 102.9% during the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company's stock worth $174,796,000 after buying an additional 2,355,445 shares during the last quarter. Swedbank AB lifted its holdings in WillScot Mobile Mini by 229.2% during the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company's stock worth $121,298,000 after buying an additional 2,246,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in WillScot Mobile Mini by 18.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,596,990 shares of the company's stock worth $97,755,000 after buying an additional 411,808 shares during the last quarter. Finally, Baupost Group LLC MA acquired a new stake in shares of WillScot Mobile Mini during the second quarter worth about $92,971,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WSC has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a "buy" rating to a "hold" rating and cut their target price for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Robert W. Baird cut their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Barclays cut their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Friday, November 1st. DA Davidson dropped their price target on WillScot Mobile Mini from $54.00 to $47.00 and set a "buy" rating on the stock in a research report on Monday, August 5th. Finally, Baird R W cut WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $45.00.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC traded up $0.09 during trading on Tuesday, hitting $38.30. 684,759 shares of the stock were exchanged, compared to its average volume of 2,278,717. The company has a fifty day moving average price of $37.46 and a two-hundred day moving average price of $38.05. The company has a market cap of $7.08 billion, a PE ratio of 347.40, a P/E/G ratio of 2.31 and a beta of 1.38. 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 current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.10). The firm had revenue of $601.43 million for the quarter, compared to analysts' expectations of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. On average, analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Insider Activity

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Monday, November 4th. The shares were purchased at an average cost of $36.38 per share, for a total transaction of $181,900.00. Following the completion of the transaction, the chief executive officer now owns 144,686 shares of the company's stock, valued at $5,263,676.68. This represents a 3.58 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Hezron T. Lopez sold 20,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $39.38, for a total value of $787,600.00. Following the transaction, the executive vice president now owns 57,918 shares in the company, valued at $2,280,810.84. This trade represents a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased 20,000 shares of company stock worth $728,750 over the last three months. 3.30% of the stock is currently owned by corporate insiders.

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.