WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp cut its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 43.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,866 shares of the company’s stock after selling 31,117 shares during the quarter. King Luther Capital Management Corp’s holdings in WillScot Mobile Mini were worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP purchased a new position in WillScot Mobile Mini in the 4th quarter valued at approximately $38,000. TFO Wealth Partners LLC grew its stake in WillScot Mobile Mini by 6,578.6% during the 4th quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock worth $42,000 after purchasing an additional 921 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in WillScot Mobile Mini during the 1st quarter worth about $55,000. Summit Securities Group LLC acquired a new stake in WillScot Mobile Mini in the 2nd quarter valued at about $56,000. Finally, CWM LLC boosted its stake in shares of WillScot Mobile Mini by 80.3% in the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $62,000 after buying an additional 728 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Barclays lowered shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $50.00 to $44.00 in a report on Thursday. DA Davidson lowered their target price 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. Bank of America cut their price target on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Oppenheimer dropped their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.90.

WillScot Mobile Mini Stock Up 2.4 %

WillScot Mobile Mini stock opened at $39.80 on Monday. The company has a market capitalization of $7.57 billion, a P/E ratio of 24.57, a PEG ratio of 1.36 and a beta of 1.36. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $33.23 and a fifty-two week high of $52.16. The stock has a 50-day simple moving average of $38.23 and a 200-day simple moving average of $39.70.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The firm had revenue of $604.59 million during the quarter, compared to analysts’ expectations of $614.85 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. WillScot Mobile Mini’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. Equities research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

Insider Buying and Selling

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average cost of $38.97 per share, with a total value of $194,850.00. Following the completion of the acquisition, the chief executive officer now owns 149,686 shares of the company’s stock, valued at $5,833,263.42. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.30% of the stock is owned by company insiders.

WillScot Mobile Mini 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.