Cambiar Investors LLC Purchases New Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Cambiar Investors LLC acquired a new position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 298,442 shares of the company’s stock, valued at approximately $11,221,000.

Several other large investors have also bought and sold shares of WSC. Baupost Group LLC MA bought a new position in WillScot Mobile Mini in the second quarter worth $92,971,000. William Blair Investment Management LLC increased its stake in shares of WillScot Mobile Mini by 102.9% in the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock worth $174,796,000 after acquiring an additional 2,355,445 shares in the last quarter. Swedbank AB lifted its position in WillScot Mobile Mini by 229.2% during the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after acquiring an additional 2,246,000 shares during the period. Boston Partners boosted its stake in WillScot Mobile Mini by 66.0% during the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after acquiring an additional 2,159,958 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in WillScot Mobile Mini by 112.0% in the first quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after purchasing an additional 2,063,746 shares during the period. 95.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the transaction, the chief executive officer now owns 149,686 shares of the company’s stock, valued at $5,833,263.42. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.30% of the stock is currently owned by company insiders.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC opened at $36.54 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The stock has a market capitalization of $6.89 billion, a PE ratio of 332.21, a price-to-earnings-growth ratio of 1.08 and a beta of 1.37. The firm’s 50 day moving average price is $37.97 and its 200-day moving average price is $38.27. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.71 and a twelve month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). The company had revenue of $601.43 million for 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 posted $0.46 earnings per share. Equities research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.73 EPS for the current year.

Analyst Upgrades and Downgrades

WSC has been the subject of several analyst reports. Oppenheimer reduced their price target on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Baird R W cut WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. 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 note on Thursday. Stifel Nicolaus dropped their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, DA Davidson decreased their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, WillScot Mobile Mini presently has a consensus rating of “Hold” and an average target price of $45.00.

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.