Clearline Capital LP Increases Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Clearline Capital LP grew its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 5.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 125,051 shares of the company’s stock after buying an additional 6,328 shares during the quarter. Clearline Capital LP’s holdings in WillScot Mobile Mini were worth $4,702,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Sunbelt Securities Inc. grew its position in WillScot Mobile Mini by 15,389.0% during the second quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company’s stock valued at $2,023,000 after acquiring an additional 53,400 shares during the last quarter. Swedbank AB lifted its stake in WillScot Mobile Mini by 15.7% in the second quarter. Swedbank AB now owns 980,000 shares of the company’s stock worth $36,887,000 after purchasing an additional 133,000 shares during the last quarter. Douglass Winthrop Advisors LLC grew its stake in shares of WillScot Mobile Mini by 32.4% during the third quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company’s stock valued at $6,209,000 after buying an additional 40,393 shares during the last quarter. Bislett Management LLC increased its holdings in shares of WillScot Mobile Mini by 3.1% in the third quarter. Bislett Management LLC now owns 1,170,000 shares of the company’s stock worth $43,992,000 after buying an additional 35,000 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in WillScot Mobile Mini by 2.6% during the 2nd quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock valued at $221,591,000 after acquiring an additional 148,973 shares during the period. Institutional investors own 95.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on WSC shares. Robert W. Baird decreased their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. DA Davidson lowered 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 report on Monday, August 5th. Barclays dropped their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their target price for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, WillScot Mobile Mini presently has a consensus rating of “Hold” and a consensus target price of $45.00.

Insider Activity

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction dated Monday, November 4th. The stock was purchased at an average price of $36.38 per share, with a total value of $181,900.00. Following the transaction, the chief executive officer now directly owns 144,686 shares in the company, valued at $5,263,676.68. This trade represents a 3.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Hezron T. Lopez sold 20,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the sale, the executive vice president now directly owns 57,918 shares in the company, valued at $2,280,810.84. This trade represents a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 20,000 shares of company stock worth $728,750. Insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Trading Up 0.1 %

NASDAQ WSC opened at $38.24 on Monday. The stock’s 50 day moving average is $37.51 and its 200 day moving average is $38.06. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $7.07 billion, a PE ratio of 347.67, a P/E/G ratio of 2.31 and a beta of 1.38. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.71 and a twelve month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The business had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. Research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal 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.