Douglas Lane & Associates LLC Invests $7.83 Million in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Douglas Lane & Associates LLC acquired a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 208,248 shares of the company’s stock, valued at approximately $7,830,000. Douglas Lane & Associates LLC owned 0.11% of WillScot Mobile Mini as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WSC. Reinhart Partners LLC. lifted its stake in WillScot Mobile Mini by 19.0% in the 3rd quarter. Reinhart Partners LLC. now owns 281,585 shares of the company’s stock valued at $10,588,000 after acquiring an additional 45,002 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after purchasing an additional 600 shares in the last quarter. Salvus Wealth Management LLC boosted its holdings in WillScot Mobile Mini by 1.0% during the third quarter. Salvus Wealth Management LLC now owns 47,830 shares of the company’s stock worth $1,798,000 after purchasing an additional 485 shares during the last quarter. Fulton Bank N.A. bought a new position in WillScot Mobile Mini in the third quarter valued at $264,000. Finally, Sanctuary Advisors LLC acquired a new stake in WillScot Mobile Mini in the 2nd quarter valued at $514,000. 95.81% of the stock is owned by institutional investors.

WillScot Mobile Mini Price Performance

Shares of WSC opened at $36.15 on Monday. The firm has a market capitalization of $6.88 billion, a PE ratio of 22.31, a PEG ratio of 1.17 and a beta of 1.35. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. The company’s 50-day moving average is $37.44 and its 200-day moving average is $38.84. 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 issued 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). WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The company had revenue of $604.59 million for the quarter, compared to analyst estimates of $614.85 million. During the same quarter last year, the business earned $0.43 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. Equities analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.76 EPS for the current year.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $38.97 per share, with a total value of $194,850.00. Following the completion of the transaction, the chief executive officer now owns 149,686 shares in the company, valued at $5,833,263.42. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. DA Davidson reduced their price objective on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Barclays downgraded WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $50.00 to $44.00 in a research note on Thursday, September 19th. Stifel Nicolaus dropped their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. 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, Bank of America lowered their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.90.

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.