River Road Asset Management LLC Increases Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

River Road Asset Management LLC increased its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,409,803 shares of the company’s stock after purchasing an additional 63,752 shares during the quarter. River Road Asset Management LLC owned approximately 0.74% of WillScot Mobile Mini worth $53,009,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cannon Global Investment Management LLC purchased a new stake in shares of WillScot Mobile Mini during the 3rd quarter valued at about $564,000. Empire Life Investments Inc. grew its position in WillScot Mobile Mini by 50.8% in the 3rd quarter. Empire Life Investments Inc. now owns 547,751 shares of the company’s stock worth $20,595,000 after purchasing an additional 184,577 shares during the period. Harbor Capital Advisors Inc. raised its stake in WillScot Mobile Mini by 64.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 80,903 shares of the company’s stock valued at $3,042,000 after buying an additional 31,557 shares during the last quarter. Cambiar Investors LLC bought a new position in shares of WillScot Mobile Mini during the 3rd quarter valued at $11,221,000. Finally, Stephens Inc. AR purchased a new position in shares of WillScot Mobile Mini in the 3rd quarter worth $200,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their target price for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Robert W. Baird cut their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Barclays decreased their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Bank of America decreased their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $45.00.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC opened at $37.50 on Tuesday. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 340.94, a P/E/G ratio of 1.59 and a beta of 1.37. The firm has a fifty day moving average price of $37.92 and a 200 day moving average price of $38.25. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $32.71 and a fifty-two week high of $52.16. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.

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

Insider Transactions at WillScot Mobile Mini

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

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.