Pier Capital LLC Boosts Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Pier Capital LLC boosted its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 67.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,362 shares of the company’s stock after buying an additional 57,537 shares during the period. Pier Capital LLC owned 0.08% of WillScot Mobile Mini worth $5,396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of WSC. International Assets Investment Management LLC lifted its holdings in WillScot Mobile Mini by 4,397.7% during the fourth quarter. International Assets Investment Management LLC now owns 33,598 shares of the company’s stock worth $1,495,000 after buying an additional 32,851 shares during the period. Truist Financial Corp lifted its holdings in shares of WillScot Mobile Mini by 20.1% during the 4th quarter. Truist Financial Corp now owns 18,341 shares of the company’s stock valued at $816,000 after purchasing an additional 3,072 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of WillScot Mobile Mini by 4.1% in the 4th quarter. Russell Investments Group Ltd. now owns 60,062 shares of the company’s stock valued at $2,673,000 after acquiring an additional 2,368 shares during the period. Charles Schwab Investment Management Inc. lifted its position in WillScot Mobile Mini by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,388,743 shares of the company’s stock worth $61,799,000 after acquiring an additional 38,217 shares during the period. Finally, Principal Securities Inc. purchased a new stake in WillScot Mobile Mini during the 4th quarter valued at about $71,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Price Performance

Shares of NASDAQ WSC opened at $37.80 on Wednesday. The firm has a market cap of $7.12 billion, a PE ratio of 23.33, a PEG ratio of 1.25 and a beta of 1.36. The firm has a fifty day moving average of $37.87 and a 200 day moving average of $40.16. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91. WillScot Mobile Mini Holdings Corp. has a one year low of $33.23 and a one year high of $52.16.

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

Wall Street Analyst Weigh In

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

WillScot Mobile Mini 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.