B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 117,507 WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) during the third quarter, Holdings Channel reports. The fund purchased 117,507 shares of the company’s stock, valued at approximately $4,418,000.

Several other institutional investors and hedge funds have also modified their holdings of WSC. Baupost Group LLC MA bought a new stake in shares of WillScot Mobile Mini during the 2nd quarter worth $92,971,000. William Blair Investment Management LLC grew its position in shares of WillScot Mobile Mini by 102.9% in the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after purchasing an additional 2,355,445 shares during the last quarter. Swedbank AB increased its stake in shares of WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after purchasing an additional 2,246,000 shares during the period. Boston Partners lifted its position in shares of WillScot Mobile Mini by 66.0% during the 1st quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after purchasing an additional 2,159,958 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in WillScot Mobile Mini by 112.0% during the 1st quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock valued at $181,630,000 after purchasing an additional 2,063,746 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insiders Place Their Bets

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini stock in a transaction on Monday, November 4th. The shares were bought at an average price of $36.38 per share, with a total value of $181,900.00. Following the completion of the purchase, the chief executive officer now owns 144,686 shares in the company, valued at $5,263,676.68. This trade represents a 3.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Sally J. Shanks sold 14,059 shares of the firm’s stock in a transaction on 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. Over the last ninety days, insiders have bought 20,000 shares of company stock valued at $728,750. 3.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

WSC has been the subject of several research reports. Baird R W cut WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Bank of America decreased their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Barclays cut their price objective on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Oppenheimer lowered their price target on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.00.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock opened at $34.93 on Thursday. The business has a 50 day simple moving average of $37.82 and a 200 day simple moving average of $38.19. WillScot Mobile Mini Holdings Corp. has a one year low of $32.71 and a one year high of $52.16. The company has a market capitalization of $6.45 billion, a PE ratio of 317.57, a price-to-earnings-growth ratio of 2.13 and a beta of 1.37. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). The firm had revenue of $601.43 million during the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 EPS. On average, sell-side analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

About WillScot Mobile Mini

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.