Oppenheimer Asset Management Inc. Has $2.49 Million Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Oppenheimer Asset Management Inc. lessened its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 24.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,154 shares of the company’s stock after selling 20,899 shares during the period. Oppenheimer Asset Management Inc.’s holdings in WillScot Mobile Mini were worth $2,487,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in WSC. Entropy Technologies LP purchased a new stake in shares of WillScot Mobile Mini in the third quarter worth approximately $613,000. WCM Investment Management LLC grew its holdings in WillScot Mobile Mini by 0.4% during the third quarter. WCM Investment Management LLC now owns 426,255 shares of the company’s stock worth $16,441,000 after buying an additional 1,887 shares in the last quarter. Weil Company Inc. purchased a new stake in WillScot Mobile Mini in the 3rd quarter valued at $366,000. State of New Jersey Common Pension Fund D lifted its stake in WillScot Mobile Mini by 1.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 65,320 shares of the company’s stock valued at $2,456,000 after acquiring an additional 1,220 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in WillScot Mobile Mini by 4.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 20,210 shares of the company’s stock worth $760,000 after acquiring an additional 936 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WSC. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Oppenheimer decreased 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 note on Friday, August 2nd. DA Davidson cut their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Robert W. Baird decreased their price target on 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. Finally, Barclays cut their price objective 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. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, WillScot Mobile Mini presently has an average rating of “Hold” and a consensus price target of $45.00.

WillScot Mobile Mini Price Performance

NASDAQ WSC opened at $34.38 on Friday. The company has a market cap of $6.35 billion, a PE ratio of 312.57, a price-to-earnings-growth ratio of 2.11 and a beta of 1.37. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The firm’s 50-day simple moving average is $37.90 and its two-hundred day simple moving average is $38.20. 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 released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 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 business 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 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. Research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Bradley Lee Soultz bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average price of $36.38 per share, with a total value of $181,900.00. Following the acquisition, the chief executive officer now owns 144,686 shares of the company’s stock, valued at approximately $5,263,676.68. The trade was a 3.58 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Hezron T. Lopez sold 20,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of the transaction, the executive vice president now directly owns 57,918 shares of the company’s stock, valued at approximately $2,280,810.84. The trade was a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 15,000 shares of company stock valued at $553,800. Corporate insiders own 3.30% of the company’s stock.

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.