Congress Asset Management Co. MA Raises Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Congress Asset Management Co. MA lifted its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,028,041 shares of the company’s stock after acquiring an additional 50,532 shares during the period. Congress Asset Management Co. MA owned approximately 1.07% of WillScot Mobile Mini worth $94,304,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WSC. Bourgeon Capital Management LLC boosted 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 valued at $28,000 after buying an additional 585 shares during the last quarter. Quarry LP purchased a new stake in WillScot Mobile Mini in the fourth quarter valued at approximately $38,000. TFO Wealth Partners LLC boosted its position in 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 last quarter. Principal Securities Inc. acquired a new position in WillScot Mobile Mini in the fourth quarter valued at approximately $71,000. Finally, Sage Rock Capital Management LP acquired a new position in WillScot Mobile Mini in the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Up 1.1 %

NASDAQ:WSC traded up $0.42 during trading hours on Friday, hitting $39.59. The company had a trading volume of 2,450,252 shares, compared to its average volume of 1,525,925. The company has a market cap of $7.53 billion, a P/E ratio of 24.44, a P/E/G ratio of 1.13 and a beta of 1.40. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 2.63. WillScot Mobile Mini Holdings Corp. has a 1 year low of $34.40 and a 1 year high of $52.16. The company has a 50-day moving average of $38.93 and a 200 day moving average of $43.21.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 24.14% and a net margin of 13.48%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 earnings per share. Sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WSC. Jefferies Financial Group downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price target for the company from $58.00 to $42.00 in a report on Monday, April 1st. DA Davidson decreased their price target on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Stifel Nicolaus reduced their target price on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, April 4th. Oppenheimer reaffirmed an “outperform” rating and set a $53.00 target price (down from $60.00) on shares of WillScot Mobile Mini in a research note on Monday, May 6th. Finally, Barclays upped their target price on WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $51.00.

Insider Buying and Selling

In other news, CEO Bradley Lee Soultz bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were purchased at an average price of $38.44 per share, with a total value of $192,200.00. Following the purchase, the chief executive officer now owns 157,771 shares in the company, valued at $6,064,717.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is owned by corporate insiders.

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.