Financial Management Professionals Inc. Purchases Shares of 970 WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Financial Management Professionals Inc. acquired a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 970 shares of the company’s stock, valued at approximately $36,000.

Other institutional investors have also modified their holdings of the company. Baupost Group LLC MA acquired a new stake in shares of WillScot Mobile Mini in the 2nd quarter valued at about $92,971,000. William Blair Investment Management LLC boosted its holdings in shares of WillScot Mobile Mini by 102.9% in the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after acquiring an additional 2,355,445 shares during the period. Swedbank AB grew its position in shares of WillScot Mobile Mini by 229.2% during the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after acquiring an additional 2,246,000 shares during the last quarter. Boston Partners increased its holdings in shares of WillScot Mobile Mini by 66.0% in the 1st quarter. Boston Partners now owns 5,434,288 shares of the company’s stock valued at $251,118,000 after acquiring an additional 2,159,958 shares during the period. Finally, Capital Research Global Investors raised its position in WillScot Mobile Mini by 112.0% in the 1st quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock valued at $181,630,000 after purchasing an additional 2,063,746 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Analyst Ratings Changes

WSC has been the topic of several research reports. Barclays downgraded shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $50.00 to $44.00 in a research report on Thursday, September 19th. Stifel Nicolaus dropped their target price on 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 decreased their price target 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. DA Davidson cut 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. Finally, Bank of America reduced their price target 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. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and an average price target of $47.60.

WillScot Mobile Mini Stock Performance

Shares of WSC stock opened at $38.97 on Monday. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a market cap of $7.35 billion, a PE ratio of 41.46, a P/E/G ratio of 1.25 and a beta of 1.35. WillScot Mobile Mini Holdings Corp. has a 1 year low of $33.23 and a 1 year high of $52.16. The stock has a fifty day moving average price of $37.97 and a 200 day moving average price of $38.38.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.39 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 business had revenue of $604.59 million during the quarter, compared to analysts’ expectations of $614.85 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. WillScot Mobile Mini’s quarterly revenue was up 3.9% on a year-over-year basis. Sell-side analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the acquisition, the chief executive officer now owns 149,686 shares in the company, valued at $5,833,263.42. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Company 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.