WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 147,175 shares of the company’s stock after purchasing an additional 6,262 shares during the quarter. Janus Henderson Group PLC owned about 0.08% of WillScot Mobile Mini worth $5,535,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in WillScot Mobile Mini in the 3rd quarter worth approximately $25,000. Hexagon Capital Partners LLC lifted its position in WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after buying an additional 600 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in WillScot Mobile Mini during the third quarter worth $36,000. Summit Securities Group LLC purchased a new stake in WillScot Mobile Mini in the 2nd quarter valued at $56,000. Finally, CWM LLC increased its stake in shares of WillScot Mobile Mini by 80.3% in the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after acquiring an additional 728 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WSC. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price target for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Barclays dropped their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Robert W. Baird reduced their price target on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Baird R W lowered WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.00.

Insider Activity

In other news, EVP Hezron T. Lopez sold 20,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.38, for a total value of $787,600.00. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average cost of $38.97 per share, with a total value of $194,850.00. Following the completion of the purchase, the chief executive officer now directly owns 149,686 shares in the company, valued at $5,833,263.42. This represents a 3.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 20,000 shares of company stock valued at $728,750. 3.30% of the stock is currently owned by company insiders.

WillScot Mobile Mini Stock Down 1.4 %

Shares of NASDAQ WSC opened at $38.60 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The business’s 50 day moving average is $37.41 and its two-hundred day moving average is $37.98. 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 $7.13 billion, a price-to-earnings ratio of 350.94, a PEG ratio of 2.37 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data 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). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The firm had revenue of $601.43 million during the quarter, compared to analysts’ expectations of $617.83 million. During the same quarter in the prior year, the firm posted $0.46 EPS. WillScot Mobile Mini’s quarterly revenue was down .6% compared to the same quarter last year. Research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current 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.