Ensign Peak Advisors Inc Increases Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Ensign Peak Advisors Inc raised its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 9.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 859,470 shares of the company’s stock after acquiring an additional 72,405 shares during the period. Ensign Peak Advisors Inc owned approximately 0.45% of WillScot Mobile Mini worth $32,350,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP purchased a new position in WillScot Mobile Mini in the fourth quarter worth $38,000. TFO Wealth Partners LLC increased its holdings in shares of WillScot Mobile Mini by 6,578.6% in the 4th quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock valued at $42,000 after purchasing an additional 921 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of WillScot Mobile Mini in the first quarter valued at about $55,000. Summit Securities Group LLC purchased a new stake in WillScot Mobile Mini during the second quarter worth about $56,000. Finally, CWM LLC grew its position in WillScot Mobile Mini by 80.3% during the second quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after buying an additional 728 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Stock Up 2.4 %

Shares of NASDAQ WSC opened at $39.80 on Monday. The firm has a market cap of $7.57 billion, a P/E 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. WillScot Mobile Mini Holdings Corp. has a 1 year low of $33.23 and a 1 year high of $52.16. The firm’s 50 day moving average price is $38.23 and its 200 day moving average price is $39.70.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data 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). 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%. WillScot Mobile Mini’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 EPS. As a group, sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the acquisition, 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 accessible through this hyperlink. 3.30% of the stock is owned by company insiders.

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.