AMI Asset Management Corp Sells 53,298 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

AMI Asset Management Corp decreased its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 59.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,818 shares of the company’s stock after selling 53,298 shares during the quarter. AMI Asset Management Corp’s holdings in WillScot Mobile Mini were worth $1,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of WillScot Mobile Mini by 149.9% during the 4th quarter. Franklin Resources Inc. now owns 6,751,072 shares of the company’s stock worth $300,423,000 after purchasing an additional 4,049,872 shares in the last quarter. Boston Partners purchased a new position in shares of WillScot Mobile Mini during the 4th quarter valued at $145,583,000. Norges Bank purchased a new stake in WillScot Mobile Mini during the fourth quarter valued at about $101,809,000. Capital Research Global Investors boosted its holdings in WillScot Mobile Mini by 112.0% in the 1st quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after buying an additional 2,063,746 shares during the period. Finally, Jackson Square Partners LLC purchased a new position in shares of WillScot Mobile Mini in the first quarter valued at $55,507,000. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Up 4.7 %

NASDAQ:WSC traded up $1.74 during mid-day trading on Friday, reaching $38.93. 1,825,974 shares of the company’s stock traded hands, compared to its average volume of 2,228,738. The company has a 50 day moving average price of $37.99 and a 200-day moving average price of $41.26. WillScot Mobile Mini Holdings Corp. has a 12-month low of $33.23 and a 12-month high of $52.16. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 1.31 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $604.59 million during the quarter, compared to analysts’ expectations of $614.85 million. WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. WillScot Mobile Mini’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.43 EPS. On average, sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

WSC has been the topic of a number of research analyst reports. DA Davidson decreased their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Barclays decreased their price target on shares of WillScot Mobile Mini from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Stifel Nicolaus reduced their target price on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Bank of America cut their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Oppenheimer decreased their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, WillScot Mobile Mini presently has an average rating of “Moderate Buy” and an average price target of $48.50.

WillScot Mobile Mini Company Profile

WillScot Holdings Corporation 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.