Baupost Group LLC MA Takes $92.97 Million Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Baupost Group LLC MA bought a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,470,000 shares of the company’s stock, valued at approximately $92,971,000. WillScot Mobile Mini makes up approximately 2.6% of Baupost Group LLC MA’s portfolio, making the stock its 14th largest position. Baupost Group LLC MA owned 1.30% of WillScot Mobile Mini at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. AE Wealth Management LLC purchased a new stake in shares of WillScot Mobile Mini in the 2nd quarter valued at about $687,000. Hsbc Holdings PLC increased its position in WillScot Mobile Mini by 67.3% during the second quarter. Hsbc Holdings PLC now owns 57,604 shares of the company’s stock worth $2,205,000 after buying an additional 23,166 shares during the period. Highlander Partners L.P. lifted its stake in WillScot Mobile Mini by 38.2% in the second quarter. Highlander Partners L.P. now owns 221,800 shares of the company’s stock valued at $8,349,000 after buying an additional 61,300 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of WillScot Mobile Mini by 6.4% in the second quarter. Blair William & Co. IL now owns 223,825 shares of the company’s stock valued at $8,425,000 after acquiring an additional 13,489 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of WillScot Mobile Mini by 11.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company’s stock worth $228,000 after acquiring an additional 624 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Up 2.4 %

NASDAQ:WSC opened at $39.80 on Friday. The company has a market capitalization of $7.50 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36. WillScot Mobile Mini Holdings Corp. has a 52-week low of $33.23 and a 52-week high of $52.16. The stock has a fifty day simple moving average of $38.23 and a 200-day simple moving average of $39.80. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on WSC shares. Barclays downgraded shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $50.00 to $44.00 in a research report on Thursday. Oppenheimer lowered their price target 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. Stifel Nicolaus reduced their price objective on 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 decreased their price objective on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, Bank of America dropped their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and an average target price of $47.90.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average price of $38.97 per share, with a total value of $194,850.00. Following the purchase, the chief executive officer now owns 149,686 shares of the company’s stock, valued at approximately $5,833,263.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is owned by 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.