Swedbank AB Raises Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Swedbank AB grew its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 15.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 980,000 shares of the company’s stock after buying an additional 133,000 shares during the quarter. Swedbank AB’s holdings in WillScot Mobile Mini were worth $36,887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Franklin Resources Inc. raised its stake in WillScot Mobile Mini by 149.9% in the 4th quarter. Franklin Resources Inc. now owns 6,751,072 shares of the company’s stock valued at $300,423,000 after purchasing an additional 4,049,872 shares during the last quarter. Boston Partners acquired a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at about $145,583,000. Norges Bank purchased a new position in shares of WillScot Mobile Mini in the fourth quarter worth about $101,809,000. Capital Research Global Investors boosted its position in WillScot Mobile Mini by 112.0% during 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 last quarter. Finally, Jackson Square Partners LLC purchased a new stake in WillScot Mobile Mini during the 1st quarter valued at about $55,507,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Mobile Mini Stock Down 1.6 %

WSC traded down $0.58 during trading hours on Friday, hitting $36.03. 1,765,064 shares of the company’s stock were exchanged, compared to its average volume of 2,047,992. The firm has a market cap of $6.79 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 1.22 and a beta of 1.38. WillScot Mobile Mini Holdings Corp. has a 12-month low of $33.23 and a 12-month high of $52.16. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 2.88. The firm has a 50 day moving average of $38.10 and a 200 day moving average of $41.78.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The business had revenue of $604.59 million during 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%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. Analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on WSC shares. Robert W. Baird cut their price objective on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, April 22nd. DA Davidson dropped 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. 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 report on Friday, August 2nd. Oppenheimer dropped 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 report on Friday, August 2nd. Finally, Barclays cut their target price on WillScot Mobile Mini from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, WillScot Mobile Mini has an average rating of “Moderate Buy” and a consensus target price of $48.50.

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.