Handelsinvest Investeringsforvaltning Lowers Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Handelsinvest Investeringsforvaltning reduced its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 34.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,768 shares of the company’s stock after selling 2,476 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in WillScot Mobile Mini were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Congress Wealth Management LLC DE boosted its holdings in shares of WillScot Mobile Mini by 30.7% in the 1st quarter. Congress Wealth Management LLC DE now owns 237,440 shares of the company’s stock valued at $11,041,000 after purchasing an additional 55,781 shares during the last quarter. Park Place Capital Corp boosted its holdings in shares of WillScot Mobile Mini by 29.3% in the 1st quarter. Park Place Capital Corp now owns 2,354 shares of the company’s stock valued at $109,000 after purchasing an additional 534 shares during the last quarter. Cannon Global Investment Management LLC acquired a new position in shares of WillScot Mobile Mini in the 1st quarter valued at $558,000. Harbour Capital Advisors LLC boosted its holdings in shares of WillScot Mobile Mini by 16.0% in the 1st quarter. Harbour Capital Advisors LLC now owns 12,125 shares of the company’s stock valued at $539,000 after purchasing an additional 1,675 shares during the last quarter. Finally, AMF Tjanstepension AB boosted its holdings in shares of WillScot Mobile Mini by 18.4% in the 1st quarter. AMF Tjanstepension AB now owns 1,791,182 shares of the company’s stock valued at $83,290,000 after purchasing an additional 278,864 shares during the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at WillScot Mobile Mini

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

Wall Street Analyst Weigh In

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

WillScot Mobile Mini Price Performance

NASDAQ WSC opened at $37.51 on Thursday. WillScot Mobile Mini Holdings Corp. has a 52 week low of $34.40 and a 52 week high of $52.16. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 2.63. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 1.06 and a beta of 1.38. The company has a 50-day moving average price of $38.81 and a two-hundred day moving average price of $43.00.

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

WillScot Mobile Mini Company Profile

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.