Commonwealth Equity Services LLC Has $249,000 Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Commonwealth Equity Services LLC decreased its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 76.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,604 shares of the company’s stock after selling 20,872 shares during the period. Commonwealth Equity Services LLC’s holdings in WillScot Mobile Mini were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brevan Howard Capital Management LP acquired a new position in shares of WillScot Mobile Mini during the 4th quarter worth about $2,268,000. Norden Group LLC increased its position in WillScot Mobile Mini by 2,181.8% during the first quarter. Norden Group LLC now owns 129,330 shares of the company’s stock worth $6,014,000 after buying an additional 123,662 shares during the last quarter. Ranger Investment Management L.P. bought a new stake in WillScot Mobile Mini in the fourth quarter valued at approximately $14,196,000. Sei Investments Co. lifted its position in shares of WillScot Mobile Mini by 74.4% in the first quarter. Sei Investments Co. now owns 640,720 shares of the company’s stock valued at $29,793,000 after buying an additional 273,431 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of WillScot Mobile Mini by 1,480.8% during the 4th quarter. Bank of Nova Scotia now owns 169,308 shares of the company’s stock worth $7,534,000 after acquiring an additional 158,598 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on WSC. Stifel Nicolaus cut their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday, August 2nd. DA Davidson cut 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 reduced their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Oppenheimer dropped their price target on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, Barclays lowered WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $50.00 to $44.00 in a report on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.90.

Insider Activity at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average price of $38.97 per share, for a total transaction 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 3.30% of the stock is owned by corporate insiders.

WillScot Mobile Mini Trading Up 1.3 %

NASDAQ:WSC opened at $40.99 on Wednesday. WillScot Mobile Mini Holdings Corp. has a 52 week low of $33.23 and a 52 week high of $52.16. The firm’s fifty day moving average is $38.27 and its 200-day moving average is $39.61. The firm has a market cap of $7.80 billion, a P/E ratio of 25.30, a P/E/G 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 (NASDAQ:WSC) last issued its quarterly earnings results 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). WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The business had revenue of $604.59 million for the quarter, compared to analyst estimates of $614.85 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

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.