Covestor Ltd Lowers Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Covestor Ltd reduced its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 67.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,337 shares of the company’s stock after selling 2,727 shares during the period. Covestor Ltd’s holdings in WillScot Mobile Mini were worth $51,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in WSC. Baupost Group LLC MA purchased a new position in shares of WillScot Mobile Mini in the 2nd quarter valued at about $92,971,000. William Blair Investment Management LLC increased its holdings in WillScot Mobile Mini by 102.9% in the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after buying an additional 2,355,445 shares in the last quarter. Swedbank AB lifted its position in shares of WillScot Mobile Mini by 229.2% during the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after acquiring an additional 2,246,000 shares during the period. Boston Partners boosted its stake in shares of WillScot Mobile Mini by 66.0% during the 1st quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after acquiring an additional 2,159,958 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of 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 acquiring an additional 2,063,746 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Down 5.4 %

Shares of WillScot Mobile Mini stock opened at $34.98 on Friday. The firm has a market cap of $6.46 billion, a PE ratio of 328.48, a P/E/G ratio of 2.28 and a beta of 1.37. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $32.71 and a fifty-two week high of $52.16. The business’s fifty day moving average is $37.97 and its two-hundred day moving average is $38.26.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Bank of America decreased their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird lowered their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Baird R W cut shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. DA Davidson lowered their price target on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, Stifel Nicolaus cut their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $45.00.

Insider Activity at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of $35.41 per share, with a total value of $177,050.00. Following the purchase, the chief executive officer now directly owns 144,686 shares of the company’s stock, valued at approximately $5,123,331.26. This trade represents a 3.58 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Hezron T. Lopez sold 20,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.38, for a total transaction 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 trade represents a 25.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 15,000 shares of company stock worth $553,800. 3.30% of the stock is owned by company insiders.

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.