Mraz Amerine & Associates Inc. Acquires Shares of 6,750 WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Mraz Amerine & Associates Inc. bought a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,750 shares of the company’s stock, valued at approximately $254,000.

Several other hedge funds also recently made changes to their positions in WSC. V Square Quantitative Management LLC purchased a new stake in WillScot Mobile Mini in the third quarter worth about $25,000. Hexagon Capital Partners LLC increased its position in 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 buying an additional 600 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in WillScot Mobile Mini during the first quarter valued at $55,000. Summit Securities Group LLC bought a new stake in WillScot Mobile Mini in the second quarter worth $56,000. Finally, CWM LLC grew its stake in shares of WillScot Mobile Mini by 80.3% in the second 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 currently owned by institutional investors.

WillScot Mobile Mini Trading Down 0.7 %

WillScot Mobile Mini stock opened at $37.57 on Friday. WillScot Mobile Mini Holdings Corp. has a 12-month low of $33.23 and a 12-month high of $52.16. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.23 and a beta of 1.35. The firm has a 50 day moving average of $37.91 and a 200 day moving average of $38.44. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 2.88.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The firm had revenue of $604.59 million for the quarter, compared to analysts’ expectations of $614.85 million. During the same quarter last year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on WSC. Barclays lowered shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $50.00 to $44.00 in a research note on Thursday, September 19th. Stifel Nicolaus decreased their price objective on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Bank of America cut their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Baird R W cut WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, DA Davidson lowered their price target on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.60.

Insider Transactions at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction dated 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 directly owns 149,686 shares in the company, valued at approximately $5,833,263.42. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.30% of the company’s stock.

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.