Swedbank AB Buys 2,246,000 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Swedbank AB grew its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 229.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,226,000 shares of the company’s stock after buying an additional 2,246,000 shares during the quarter. Swedbank AB owned 1.75% of WillScot Mobile Mini worth $121,298,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its holdings in WillScot Mobile Mini by 3.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 48,161 shares of the company’s stock worth $2,241,000 after purchasing an additional 1,543 shares in the last quarter. Quadrature Capital Ltd purchased a new position in WillScot Mobile Mini in the first quarter valued at $484,000. Mount Yale Investment Advisors LLC lifted its position in shares of WillScot Mobile Mini by 139.0% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 19,898 shares of the company’s stock valued at $925,000 after buying an additional 11,571 shares in the last quarter. Caxton Associates LP acquired a new stake in WillScot Mobile Mini in the 1st quarter worth about $534,000. Finally, 2Xideas AG grew its holdings in shares of WillScot Mobile Mini by 53.5% during the first quarter. 2Xideas AG now owns 398,907 shares of the company’s stock worth $18,549,000 after buying an additional 138,973 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays reduced their target price on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus lowered their target price 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. 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. Oppenheimer cut their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research 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. Six equities 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, WillScot Mobile Mini currently has an average rating of “Hold” and an average target price of $45.00.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock opened at $36.30 on Monday. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 330.03, a price-to-earnings-growth ratio of 2.19 and a beta of 1.37. The firm’s fifty day moving average price is $37.62 and its 200 day moving average price is $38.13. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.71 and a 12-month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The company had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. During the same period last year, the business posted $0.46 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Gerard E. Holthaus purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of $34.99 per share, for a total transaction of $174,950.00. Following the purchase, the director now owns 411,221 shares in the company, valued at $14,388,622.79. The trade was a 1.23 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Sally J. Shanks sold 14,059 shares of WillScot Mobile Mini stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the completion of the transaction, the chief accounting officer now owns 26,113 shares in the company, valued at $905,859.97. This trade represents a 35.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have acquired 20,000 shares of company stock worth $728,750 in the last ninety days. 3.30% of the stock is currently owned by corporate insiders.

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.