William Blair Investment Management LLC grew its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Free Report) by 7.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,580,274 shares of the company’s stock after purchasing an additional 183,081 shares during the period. William Blair Investment Management LLC owned approximately 1.28% of WillScot Mobile Mini worth $123,311,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in WSC. Harbor Capital Advisors Inc. purchased a new stake in WillScot Mobile Mini during the second quarter valued at about $35,000. Quadrant Capital Group LLC lifted its position in shares of WillScot Mobile Mini by 93.7% in the second quarter. Quadrant Capital Group LLC now owns 885 shares of the company’s stock worth $42,000 after purchasing an additional 428 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of WillScot Mobile Mini in the first quarter worth approximately $46,000. Fred Alger Management LLC purchased a new stake in shares of WillScot Mobile Mini in the third quarter worth approximately $49,000. Finally, Clearstead Advisors LLC purchased a new stake in shares of WillScot Mobile Mini in the first quarter worth approximately $66,000. Institutional investors own 95.44% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Wells Fargo & Company assumed coverage on shares of WillScot Mobile Mini in a research report on Wednesday, October 11th. They issued an “overweight” rating and a $52.00 price target for the company. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $55.50.
WillScot Mobile Mini Price Performance
Shares of WSC opened at $37.89 on Tuesday. The firm has a market cap of $7.26 billion, a PE ratio of 16.59, a PEG ratio of 0.88 and a beta of 1.50. The firm’s 50 day moving average price is $39.98 and its 200 day moving average price is $43.30. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.96 and a current ratio of 1.04. WillScot Mobile Mini Holdings Corp. has a twelve month low of $34.40 and a twelve month high of $53.46.
WillScot Mobile Mini (NASDAQ:WSC – Get Free Report) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. WillScot Mobile Mini had a return on equity of 24.12% and a net margin of 20.34%. The company had revenue of $604.80 million for the quarter, compared to the consensus estimate of $612.46 million. During the same quarter last year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.
Insider Buying and Selling at WillScot Mobile Mini
In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were bought at an average price of $35.83 per share, for a total transaction of $179,150.00. Following the completion of the acquisition, the chief executive officer now directly owns 43,444 shares in the company, valued at approximately $1,556,598.52. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.10% of the company’s stock.
About WillScot Mobile Mini
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.
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