WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Acquired by Capital Research Global Investors

Capital Research Global Investors raised its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 112.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,906,011 shares of the company’s stock after purchasing an additional 2,063,746 shares during the quarter. Capital Research Global Investors owned about 2.05% of WillScot Mobile Mini worth $181,630,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Brevan Howard Capital Management LP purchased a new stake in WillScot Mobile Mini during the fourth quarter worth $2,268,000. Norden Group LLC boosted its holdings in WillScot Mobile Mini by 2,181.8% during the first quarter. Norden Group LLC now owns 129,330 shares of the company’s stock worth $6,014,000 after buying an additional 123,662 shares in the last quarter. Trust Point Inc. purchased a new stake in WillScot Mobile Mini during the fourth quarter worth $1,017,000. Osborne Partners Capital Management LLC purchased a new stake in WillScot Mobile Mini during the fourth quarter worth $6,306,000. Finally, Assenagon Asset Management S.A. boosted its holdings in WillScot Mobile Mini by 252.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 65,429 shares of the company’s stock worth $2,912,000 after buying an additional 46,866 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Down 5.2 %

WillScot Mobile Mini stock traded down $2.24 during midday trading on Friday, hitting $41.00. 3,856,204 shares of the stock were exchanged, compared to its average volume of 2,276,675. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $34.40 and a fifty-two week high of $52.16. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 1.29 and a beta of 1.38. The stock’s 50-day simple moving average is $38.97 and its 200 day simple moving average is $42.43. 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 (NASDAQ:WSC) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The firm had revenue of $587.18 million for the quarter, compared to analyst estimates of $579.98 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. WillScot Mobile Mini’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

Insider Buying and Selling at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 157,771 shares in the company, valued at $6,064,717.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on WSC shares. Robert W. Baird lowered 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 report on Monday, April 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $53.00 price objective (down from $60.00) on shares of WillScot Mobile Mini in a report on Monday, May 6th. Stifel Nicolaus decreased their price objective on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, April 4th. Jefferies Financial Group downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price objective for the company from $58.00 to $42.00 in a report on Monday, April 1st. Finally, DA Davidson decreased their price objective on shares of 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 research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, WillScot Mobile Mini currently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

WillScot Mobile Mini Company 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.