Point72 Hong Kong Ltd Invests $1.06 Million in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Point72 Hong Kong Ltd acquired a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 28,082 shares of the company’s stock, valued at approximately $1,056,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Verition Fund Management LLC grew its stake in shares of WillScot Mobile Mini by 56.4% in the third quarter. Verition Fund Management LLC now owns 82,502 shares of the company’s stock valued at $3,102,000 after buying an additional 29,764 shares in the last quarter. Spyglass Capital Management LLC boosted its holdings in WillScot Mobile Mini by 6.3% during the 3rd quarter. Spyglass Capital Management LLC now owns 1,301,780 shares of the company’s stock valued at $48,947,000 after acquiring an additional 77,211 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in WillScot Mobile Mini by 5.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,376 shares of the company’s stock valued at $1,631,000 after acquiring an additional 2,340 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in WillScot Mobile Mini by 9.6% during the third quarter. The Manufacturers Life Insurance Company now owns 47,437 shares of the company’s stock worth $1,784,000 after purchasing an additional 4,140 shares during the period. Finally, Douglass Winthrop Advisors LLC boosted its stake in shares of WillScot Mobile Mini by 32.4% in the third quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company’s stock valued at $6,209,000 after purchasing an additional 40,393 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Up 0.1 %

NASDAQ WSC opened at $38.24 on Monday. WillScot Mobile Mini Holdings Corp. has a 12 month low of $32.71 and a 12 month high of $52.16. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 347.67, a price-to-earnings-growth ratio of 2.31 and a beta of 1.38. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The firm’s fifty day moving average price is $37.51 and its 200 day moving average price is $38.06.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The firm had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. On average, sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays reduced their target price on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. DA Davidson decreased their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price target for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Robert W. Baird decreased their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.00.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of $36.38 per share, for a total transaction of $181,900.00. Following the completion of the purchase, the chief executive officer now owns 144,686 shares of the company’s stock, valued at approximately $5,263,676.68. This represents a 3.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Hezron T. Lopez sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.38, for a total value of $787,600.00. Following the sale, the executive vice president now directly owns 57,918 shares of the company’s stock, valued at approximately $2,280,810.84. This represents a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 20,000 shares of company stock worth $728,750. 3.30% of the stock is owned by insiders.

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.