Artemis Investment Management LLP Sells 598,758 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Artemis Investment Management LLP decreased its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 61.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 378,120 shares of the company’s stock after selling 598,758 shares during the quarter. Artemis Investment Management LLP owned 0.20% of WillScot Mobile Mini worth $14,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC increased its position in shares of WillScot Mobile Mini by 3.4% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 8,417 shares of the company’s stock valued at $344,000 after purchasing an additional 275 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in WillScot Mobile Mini by 9.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 5,679 shares of the company’s stock valued at $253,000 after acquiring an additional 502 shares during the period. Park Place Capital Corp boosted its holdings in WillScot Mobile Mini by 29.3% during the 1st quarter. Park Place Capital Corp now owns 2,354 shares of the company’s stock valued at $109,000 after acquiring an additional 534 shares during the period. Bourgeon Capital Management LLC boosted its holdings in WillScot Mobile Mini by 1,063.6% during the 4th quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock valued at $28,000 after acquiring an additional 585 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in WillScot Mobile Mini by 6.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 11,824 shares of the company’s stock valued at $526,000 after acquiring an additional 708 shares during the period. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Down 1.2 %

Shares of NASDAQ WSC traded down $0.40 during mid-day trading on Monday, reaching $34.31. 344,005 shares of the company were exchanged, compared to its average volume of 2,060,288. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 1.22 and a beta of 1.38. WillScot Mobile Mini Holdings Corp. has a 1 year low of $33.23 and a 1 year high of $52.16. The firm has a 50-day moving average of $38.40 and a 200 day moving average of $42.00.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results 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 net margin of 7.77% and a return on equity of 24.27%. The business had revenue of $604.59 million for the quarter, compared to analyst estimates of $614.85 million. During the same period in the prior year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays dropped their price objective on WillScot Mobile Mini from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Stifel Nicolaus dropped their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Robert W. Baird dropped their price objective on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Bank of America lowered their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, 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 report on Monday, August 5th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.