Quantbot Technologies LP Decreases Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Quantbot Technologies LP reduced its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 18.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 64,154 shares of the company’s stock after selling 14,674 shares during the period. Quantbot Technologies LP’s holdings in WillScot Mobile Mini were worth $2,412,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WSC. CANADA LIFE ASSURANCE Co grew its holdings in WillScot Mobile Mini by 3.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 48,161 shares of the company’s stock valued at $2,241,000 after purchasing an additional 1,543 shares during the last quarter. Jane Street Group LLC grew its stake in shares of WillScot Mobile Mini by 149.8% during the first quarter. Jane Street Group LLC now owns 260,005 shares of the company’s stock valued at $12,090,000 after buying an additional 155,928 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of WillScot Mobile Mini by 129.2% in the first quarter. Tidal Investments LLC now owns 13,279 shares of the company’s stock worth $617,000 after buying an additional 7,486 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of WillScot Mobile Mini by 234.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 37,920 shares of the company’s stock worth $1,763,000 after acquiring an additional 26,569 shares during the last quarter. Finally, Boston Partners boosted its holdings in WillScot Mobile Mini by 66.0% during 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. 95.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on WSC. DA Davidson reduced 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. Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price objective for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Barclays dropped 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. Oppenheimer decreased their price target 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. Finally, Robert W. Baird dropped their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.00.

WillScot Mobile Mini Stock Down 0.9 %

Shares of NASDAQ WSC opened at $38.19 on Friday. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.71 and a 12-month high of $52.16. The stock’s fifty day simple moving average is $37.54 and its two-hundred day simple moving average is $38.10. The stock has a market capitalization of $7.06 billion, a PE ratio of 347.21, a price-to-earnings-growth ratio of 2.31 and a beta of 1.37. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last posted its 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). The company had revenue of $601.43 million during 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%. WillScot Mobile Mini’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. As a group, analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Insider Activity at WillScot Mobile Mini

In related news, EVP Hezron T. Lopez sold 20,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $39.38, for a total transaction of $787,600.00. Following the transaction, the executive vice president now directly owns 57,918 shares of the company’s stock, valued at $2,280,810.84. This represents a 25.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Sally J. Shanks sold 14,059 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.69, for a total value of $487,706.71. Following the completion of the sale, the chief accounting officer now owns 26,113 shares of the company’s stock, valued at approximately $905,859.97. This trade represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought 20,000 shares of company stock valued at $728,750 over the last 90 days. 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.