Azzad Asset Management Inc. ADV Sells 3,924 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Azzad Asset Management Inc. ADV lessened its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 7.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,833 shares of the company’s stock after selling 3,924 shares during the period. Azzad Asset Management Inc. ADV’s holdings in WillScot Mobile Mini were worth $2,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stifel Financial Corp increased its holdings in shares of WillScot Mobile Mini by 66.2% in the 3rd quarter. Stifel Financial Corp now owns 40,840 shares of the company’s stock worth $1,699,000 after buying an additional 16,261 shares during the last quarter. Northern Trust Corp increased its holdings in shares of WillScot Mobile Mini by 13.2% in the 3rd quarter. Northern Trust Corp now owns 1,182,463 shares of the company’s stock worth $49,179,000 after buying an additional 137,589 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of WillScot Mobile Mini by 3.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 88,818 shares of the company’s stock valued at $3,694,000 after purchasing an additional 2,880 shares in the last quarter. Bank of Nova Scotia purchased a new stake in shares of WillScot Mobile Mini in the 3rd quarter valued at $445,000. Finally, AQR Capital Management LLC boosted its stake in shares of WillScot Mobile Mini by 4.6% in the 3rd quarter. AQR Capital Management LLC now owns 415,495 shares of the company’s stock valued at $17,280,000 after purchasing an additional 18,169 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Up 1.4 %

Shares of WSC opened at $37.51 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 2.63. WillScot Mobile Mini Holdings Corp. has a twelve month low of $34.40 and a twelve month high of $52.16. The stock has a market capitalization of $7.13 billion, a P/E ratio of 23.15, a PEG ratio of 1.06 and a beta of 1.38. The firm has a fifty day simple moving average of $38.81 and a two-hundred day simple moving average of $43.00.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The company had revenue of $587.18 million during the quarter, compared to the consensus estimate of $579.98 million. During the same quarter last year, the company posted $0.36 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WSC. Jefferies Financial Group cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price objective for the company from $58.00 to $42.00 in a research note on Monday, April 1st. Oppenheimer reaffirmed an “outperform” rating and issued a $53.00 price objective (down previously from $60.00) on shares of WillScot Mobile Mini in a research note on Monday, May 6th. Robert W. Baird cut their price objective on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd. DA Davidson cut their price objective on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Finally, Stifel Nicolaus cut their price objective on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $38.44 per share, for a total transaction of $192,200.00. Following the acquisition, the chief executive officer now owns 157,771 shares of the company’s stock, valued at $6,064,717.24. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.30% of the company’s stock.

About WillScot Mobile Mini

WillScot Mobile Mini Holdings Corp. 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.