WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Position Increased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 4.1% in the 1st quarter, Holdings Channel reports. The fund owned 11,668,190 shares of the company’s stock after buying an additional 456,674 shares during the period. Price T Rowe Associates Inc. MD owned about 0.06% of WillScot Mobile Mini worth $542,572,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Bourgeon Capital Management LLC lifted its holdings in WillScot Mobile Mini by 1,063.6% in the fourth quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock worth $28,000 after purchasing an additional 585 shares during the period. Quarry LP acquired a new stake in WillScot Mobile Mini in the fourth quarter worth about $38,000. TFO Wealth Partners LLC lifted its holdings in WillScot Mobile Mini by 6,578.6% in the fourth quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock worth $42,000 after purchasing an additional 921 shares during the period. Fidelis Capital Partners LLC acquired a new stake in WillScot Mobile Mini in the first quarter worth about $55,000. Finally, Principal Securities Inc. acquired a new stake in WillScot Mobile Mini in the fourth quarter worth about $71,000. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Down 0.1 %

NASDAQ:WSC traded down $0.06 during mid-day trading on Monday, reaching $40.94. The stock had a trading volume of 207,893 shares, compared to its average volume of 2,005,610. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $34.40 and a fifty-two week high of $52.16. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.97 and a quick ratio of 0.89. The business’s 50 day moving average is $38.97 and its 200 day moving average is $42.42. The stock has a market cap of $7.79 billion, a P/E ratio of 25.34, a PEG ratio of 1.23 and a beta of 1.39.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.14%. The company had revenue of $587.18 million for the quarter, compared to analyst estimates of $579.98 million. During the same quarter last year, the business earned $0.36 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

Insider Activity

In other news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average cost of $38.44 per share, with a total value of $192,200.00. Following the completion of the transaction, the chief executive officer now directly owns 157,771 shares in the company, valued at $6,064,717.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WSC shares. Jefferies Financial Group downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price target for the company from $58.00 to $42.00 in a report on Monday, April 1st. Robert W. Baird dropped their target price on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, April 22nd. DA Davidson 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 Tuesday, May 7th. Oppenheimer reiterated an “outperform” rating and issued a $53.00 target price (down previously from $60.00) on shares of WillScot Mobile Mini in a report on Monday, May 6th. Finally, Stifel Nicolaus dropped their target price on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $51.00.

About WillScot Mobile Mini

WillScot Mobile Mini Holdings Corp. 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.