WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 4.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 653,395 shares of the company’s stock after purchasing an additional 28,521 shares during the quarter. Wellington Management Group LLP’s holdings in WillScot Mobile Mini were worth $24,568,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Clearbridge Investments LLC lifted its position in shares of WillScot Mobile Mini by 2.6% during the second quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock worth $221,591,000 after purchasing an additional 148,973 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of WillScot Mobile Mini by 102.9% during the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock worth $174,796,000 after purchasing an additional 2,355,445 shares in the last quarter. State Street Corp lifted its position in shares of WillScot Mobile Mini by 2.3% during the third quarter. State Street Corp now owns 3,346,779 shares of the company’s stock worth $125,839,000 after purchasing an additional 74,212 shares in the last quarter. Swedbank AB lifted its position in shares of WillScot Mobile Mini by 229.2% during the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after purchasing an additional 2,246,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of WillScot Mobile Mini by 18.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,596,990 shares of the company’s stock worth $97,755,000 after purchasing an additional 411,808 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the transaction, the chief executive officer now owns 149,686 shares in the company, valued at approximately $5,833,263.42. The trade was a 3.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sally J. Shanks sold 14,059 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the transaction, the chief accounting officer now owns 26,113 shares in the company, valued at approximately $905,859.97. This trade represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 20,000 shares of company stock worth $728,750 and have sold 36,959 shares worth $1,382,636. 3.30% of the stock is currently owned by insiders.

WillScot Mobile Mini Stock Performance

Shares of WillScot Mobile Mini stock opened at $35.12 on Friday. The firm has a market capitalization of $6.49 billion, a P/E ratio of 319.30, a P/E/G ratio of 2.20 and a beta of 1.38. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.71 and a 52 week high of $52.16. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The firm’s 50 day moving average is $37.35 and its two-hundred day moving average is $37.94.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). The company had revenue of $601.43 million during the quarter, compared to analysts’ expectations of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. Research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WSC. Robert W. Baird reduced their price target on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their target price for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. Finally, Barclays cut 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 research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of “Hold” and a consensus target price of $45.00.

About WillScot Mobile Mini

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.