Barrow Hanley Mewhinney & Strauss LLC Raises Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,362,586 shares of the company’s stock after purchasing an additional 17,111 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.72% of WillScot Mobile Mini worth $51,288,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in WSC. Norges Bank purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at about $101,809,000. PNC Financial Services Group Inc. boosted its holdings in shares of WillScot Mobile Mini by 10.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 56,417 shares of the company’s stock valued at $2,511,000 after acquiring an additional 5,205 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of WillScot Mobile Mini by 9.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 5,679 shares of the company’s stock valued at $253,000 after acquiring an additional 502 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of WillScot Mobile Mini by 88.9% in the fourth quarter. D.A. Davidson & CO. now owns 35,693 shares of the company’s stock valued at $1,588,000 after acquiring an additional 16,802 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at about $104,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Performance

Shares of WSC opened at $39.80 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 2.88. The stock has a market cap of $7.50 billion, a P/E ratio of 24.57, a PEG ratio of 1.36 and a beta of 1.36. The company has a 50-day moving average of $38.23 and a two-hundred day moving average of $39.75. WillScot Mobile Mini Holdings Corp. has a 12-month low of $33.23 and a 12-month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $604.59 million for the quarter, compared to analyst estimates of $614.85 million. WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. As a group, research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on WSC shares. Barclays downgraded shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $50.00 to $44.00 in a report on Thursday. Stifel Nicolaus reduced their price objective on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. DA Davidson reduced their price objective on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Oppenheimer reduced their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Finally, Bank of America reduced 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 Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $47.90.

Insider Activity

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average price of $38.97 per share, with a total value of $194,850.00. Following the completion of the transaction, the chief executive officer now directly owns 149,686 shares in the company, valued at approximately $5,833,263.42. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.30% of the company’s stock.

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.