Yarra Square Partners LP Sells 90,000 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Yarra Square Partners LP cut its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 46.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,087 shares of the company’s stock after selling 90,000 shares during the quarter. WillScot Mobile Mini accounts for approximately 3.5% of Yarra Square Partners LP’s holdings, making the stock its 13th largest position. Yarra Square Partners LP owned approximately 0.05% of WillScot Mobile Mini worth $3,918,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its position in WillScot Mobile Mini by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,668,190 shares of the company’s stock valued at $542,572,000 after acquiring an additional 456,674 shares in the last quarter. Boston Partners boosted its stake in shares of WillScot Mobile Mini by 66.0% in the 1st quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after buying an additional 2,159,958 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of WillScot Mobile Mini by 102.9% in the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock worth $174,796,000 after acquiring an additional 2,355,445 shares during the period. Bessemer Group Inc. grew its holdings in shares of WillScot Mobile Mini by 3.2% in the first quarter. Bessemer Group Inc. now owns 4,245,829 shares of the company’s stock worth $197,432,000 after acquiring an additional 132,503 shares during the period. Finally, Capital Research Global Investors grew its holdings in shares of WillScot Mobile Mini by 112.0% in the first quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after acquiring an additional 2,063,746 shares during the period. 95.81% of the stock is owned by institutional investors.

Insider Buying and Selling at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average price 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 filing with the SEC, which is available through this hyperlink. Insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Stock Up 2.4 %

WSC opened at $39.80 on Friday. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth 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. The firm’s fifty day moving average is $38.23 and its 200 day moving average is $39.75. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $33.23 and a fifty-two week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last released 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 business had revenue of $604.59 million during the quarter, compared to the consensus estimate 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 period last year, the company earned $0.43 EPS. On average, sell-side analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.