Barclays PLC Buys 312,867 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Barclays PLC lifted its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 770.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 353,485 shares of the company’s stock after acquiring an additional 312,867 shares during the period. Barclays PLC’s holdings in WillScot Mobile Mini were worth $13,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Horizon Advisors Inc. boosted its position in WillScot Mobile Mini by 16.4% in the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after buying an additional 302 shares in the last quarter. Salvus Wealth Management LLC increased its holdings in shares of WillScot Mobile Mini by 1.0% during the third quarter. Salvus Wealth Management LLC now owns 47,830 shares of the company’s stock worth $1,798,000 after buying an additional 485 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of WillScot Mobile Mini by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 53,184 shares of the company’s stock valued at $2,002,000 after acquiring an additional 520 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of WillScot Mobile Mini by 200.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after acquiring an additional 600 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in WillScot Mobile Mini by 11.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company’s stock worth $228,000 after acquiring an additional 624 shares during the last quarter. 95.81% of the stock is owned by institutional investors.

Insider Activity

In other WillScot Mobile Mini news, 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 value of $787,600.00. Following the completion of the sale, the executive vice president now directly owns 57,918 shares in the company, valued at approximately $2,280,810.84. This trade represents a 25.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sally J. Shanks sold 14,059 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.69, for a total transaction of $487,706.71. Following the transaction, the chief accounting officer now owns 26,113 shares in the company, valued at $905,859.97. This represents a 35.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 20,000 shares of company stock valued at $728,750 and have sold 36,959 shares valued at $1,382,636. 3.30% of the stock is owned by company insiders.

WillScot Mobile Mini Stock Down 2.1 %

WillScot Mobile Mini stock opened at $35.12 on Monday. The firm has a 50 day moving average price of $37.30 and a two-hundred day moving average price of $37.90. 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 Holdings Corp. has a 52-week low of $32.71 and a 52-week high of $52.16. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 319.30, a PEG ratio of 2.12 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results 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 the consensus estimate of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. WillScot Mobile Mini’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. Equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their target price for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Robert W. Baird dropped their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Barclays cut 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 report on Friday, November 1st. Finally, Baird R W cut shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $45.00.

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.