Fisher Asset Management LLC Boosts Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Fisher Asset Management LLC lifted its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 58.3% in the third quarter, HoldingsChannel.com reports. The fund owned 1,043,055 shares of the company’s stock after acquiring an additional 384,270 shares during the quarter. Fisher Asset Management LLC’s holdings in WillScot Mobile Mini were worth $39,219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in WillScot Mobile Mini in the third quarter worth approximately $25,000. Hexagon Capital Partners LLC lifted its holdings in shares of WillScot Mobile Mini by 200.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after acquiring an additional 600 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of WillScot Mobile Mini in the 3rd quarter valued at $36,000. Summit Securities Group LLC bought a new position in shares of WillScot Mobile Mini during the 2nd quarter valued at $56,000. Finally, CWM LLC raised its position in WillScot Mobile Mini by 80.3% in the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after purchasing an additional 728 shares during the period. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Sally J. Shanks sold 14,059 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.69, for a total value of $487,706.71. Following the sale, the chief accounting officer now directly owns 26,113 shares of the company’s stock, valued at $905,859.97. This represents a 35.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerard E. Holthaus purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average price of $34.99 per share, with a total value of $174,950.00. Following the completion of the purchase, the director now owns 411,221 shares in the company, valued at $14,388,622.79. This represents a 1.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 20,000 shares of company stock valued at $728,750 over the last three months. Corporate insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on WSC shares. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. DA Davidson lowered their target price on 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 reduced their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus lowered their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Robert W. Baird cut their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $45.00.

WillScot Mobile Mini Price Performance

WSC opened at $38.52 on Wednesday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The stock has a market capitalization of $7.12 billion, a PE ratio of 350.18, a price-to-earnings-growth ratio of 2.19 and a beta of 1.37. The stock’s 50 day moving average price is $37.57 and its 200-day moving average price is $38.09. WillScot Mobile Mini Holdings Corp. has a 52-week low of $32.71 and a 52-week high of $52.16.

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