Fisher Asset Management LLC Raises Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Fisher Asset Management LLC boosted its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 641,647 shares of the company’s stock after acquiring an additional 11,186 shares during the quarter. Fisher Asset Management LLC owned 0.33% of WillScot Mobile Mini worth $28,553,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bourgeon Capital Management LLC increased its position in shares of WillScot Mobile Mini by 1,063.6% in the fourth quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock worth $28,000 after purchasing an additional 585 shares during the last quarter. PFG Advisors bought a new position in shares of WillScot Mobile Mini in the 4th quarter worth $206,000. Cumberland Partners Ltd purchased a new stake in shares of WillScot Mobile Mini during the 4th quarter valued at $222,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of WillScot Mobile Mini by 8.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,574 shares of the company’s stock worth $232,000 after acquiring an additional 422 shares during the last quarter. Finally, Pathstone Family Office LLC grew its position in WillScot Mobile Mini by 5.6% in the third quarter. Pathstone Family Office LLC now owns 5,933 shares of the company’s stock worth $247,000 after acquiring an additional 315 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Activity at WillScot Mobile Mini

In other news, Director Jeffrey Sagansky sold 75,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $47.50, for a total value of $3,562,500.00. Following the completion of the sale, the director now directly owns 2,420,905 shares of the company’s stock, valued at approximately $114,992,987.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $47.76 per share, for a total transaction of $238,800.00. Following the purchase, the chief executive officer now directly owns 13,869 shares in the company, valued at $662,383.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the transaction, the director now directly owns 2,420,905 shares of the company’s stock, valued at $114,992,987.50. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WSC has been the subject of several research analyst reports. Jefferies Financial Group cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price objective for the stock from $58.00 to $42.00 in a report on Monday, April 1st. Robert W. Baird reduced their price target on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. Morgan Stanley began coverage on shares of WillScot Mobile Mini in a report on Monday, January 8th. They issued an “equal weight” rating and a $45.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Wells Fargo & Company boosted their price target on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.13.

WillScot Mobile Mini Price Performance

Shares of WillScot Mobile Mini stock opened at $37.35 on Friday. The firm has a market cap of $7.10 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 0.88 and a beta of 1.36. The company’s fifty day simple moving average is $43.42 and its two-hundred day simple moving average is $43.02. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 2.81. WillScot Mobile Mini Holdings Corp. has a 12-month low of $34.40 and a 12-month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.06%. The business had revenue of $587.18 million for the quarter, compared to analysts’ expectations of $579.98 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.96 EPS for the current year.

WillScot Mobile Mini Company Profile

WillScot Mobile Mini Holdings Corp. 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.