Legato Capital Management LLC Cuts Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Legato Capital Management LLC decreased its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 34.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,182 shares of the company’s stock after selling 17,386 shares during the period. Legato Capital Management LLC’s holdings in WillScot Mobile Mini were worth $1,556,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its position in shares of WillScot Mobile Mini by 453.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 636 shares of the company’s stock valued at $30,000 after purchasing an additional 521 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of WillScot Mobile Mini in the first quarter worth $32,000. Quantbot Technologies LP acquired a new stake in shares of WillScot Mobile Mini during the first quarter worth $46,000. Fred Alger Management LLC purchased a new stake in shares of WillScot Mobile Mini during the third quarter valued at $49,000. Finally, Clearstead Advisors LLC acquired a new position in shares of WillScot Mobile Mini in the 1st quarter valued at $66,000. 95.44% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ WSC traded down $0.35 during trading on Wednesday, reaching $42.57. 328,051 shares of the company traded hands, compared to its average volume of 1,942,137. WillScot Mobile Mini Holdings Corp. has a 12-month low of $37.81 and a 12-month high of $53.46. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 2.11. The stock has a market cap of $8.40 billion, a P/E ratio of 17.74, a PEG ratio of 0.94 and a beta of 1.54. The firm’s fifty day simple moving average is $44.43 and its 200 day simple moving average is $45.30.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. WillScot Mobile Mini had a return on equity of 22.32% and a net margin of 21.93%. The company had revenue of $582.10 million during the quarter, compared to analysts’ expectations of $582.79 million. During the same period last year, the business earned $0.32 earnings per share. WillScot Mobile Mini’s quarterly revenue was up .1% on a year-over-year basis. As a group, research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.95 earnings per share for the current fiscal year.

Insider Activity at WillScot Mobile Mini

In other news, CAO Sally J. Shanks sold 10,541 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $47.08, for a total transaction of $496,270.28. Following the sale, the chief accounting officer now directly owns 23,932 shares of the company’s stock, valued at approximately $1,126,718.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $40.71 per share, for a total transaction of $203,550.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $407,100. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Sally J. Shanks sold 10,541 shares of WillScot Mobile Mini stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $47.08, for a total value of $496,270.28. Following the completion of the sale, the chief accounting officer now owns 23,932 shares in the company, valued at $1,126,718.56. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer lifted their price target on WillScot Mobile Mini from $53.00 to $55.00 in a research report on Wednesday, July 12th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, WillScot Mobile Mini presently has an average rating of “Buy” and an average target price of $56.20.

WillScot Mobile Mini Company Profile

WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. The company leases modular space and portable storage units to customers in the commercial and industrial, construction, retail and wholesale trade, education, energy and natural resources, government, institutions, healthcare, and other end markets.