WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Holdings Lowered by Clearbridge Investments LLC

Clearbridge Investments LLC cut its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,738,155 shares of the company’s stock after selling 69,331 shares during the period. Clearbridge Investments LLC’s holdings in WillScot Mobile Mini were worth $266,824,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WSC. Bourgeon Capital Management LLC lifted its position in WillScot Mobile Mini by 1,063.6% in the fourth quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock worth $28,000 after purchasing an additional 585 shares during the period. Quarry LP bought a new stake in shares of WillScot Mobile Mini in the 4th quarter worth $38,000. TFO Wealth Partners LLC lifted its holdings in shares of WillScot Mobile Mini by 6,578.6% in the fourth quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock valued at $42,000 after buying an additional 921 shares during the period. Fidelis Capital Partners LLC bought a new position in WillScot Mobile Mini during the first quarter valued at about $55,000. Finally, Principal Securities Inc. acquired a new position in WillScot Mobile Mini during the fourth quarter worth about $71,000. 95.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average cost of $38.44 per share, for a total transaction of $192,200.00. Following the completion of the acquisition, the chief executive officer now owns 157,771 shares in the company, valued at $6,064,717.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on WSC. Stifel Nicolaus cut their price target on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, April 4th. Jefferies Financial Group lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their target price for the company from $58.00 to $42.00 in a research note on Monday, April 1st. Robert W. Baird decreased their price target on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. Oppenheimer reiterated an “outperform” rating and set a $53.00 price objective (down previously from $60.00) on shares of WillScot Mobile Mini in a research report on Monday, May 6th. Finally, DA Davidson decreased their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

WillScot Mobile Mini Stock Up 0.7 %

Shares of WSC stock traded up $0.31 on Tuesday, reaching $42.21. 2,009,895 shares of the company’s stock traded hands, compared to its average volume of 1,988,064. The business’s 50 day moving average price is $38.82 and its two-hundred day moving average price is $42.45. The company has a market capitalization of $8.03 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 1.23 and a beta of 1.39. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.89 and a current ratio of 0.97. WillScot Mobile Mini Holdings Corp. has a 12-month low of $34.40 and a 12-month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The business had revenue of $587.18 million for the quarter, compared to analysts’ expectations of $579.98 million. WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.14%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. On average, equities analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Profile

WillScot Mobile Mini Holdings Corp. 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.