Westfield Capital Management Co. LP Cuts Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Westfield Capital Management Co. LP cut its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 16.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,630,864 shares of the company’s stock after selling 533,539 shares during the period. Westfield Capital Management Co. LP owned 1.42% of WillScot Mobile Mini worth $98,920,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WSC. Sunbelt Securities Inc. increased its position in WillScot Mobile Mini by 15,389.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company’s stock worth $2,023,000 after purchasing an additional 53,400 shares in the last quarter. Swedbank AB increased its position in shares of WillScot Mobile Mini by 15.7% in the second quarter. Swedbank AB now owns 980,000 shares of the company’s stock worth $36,887,000 after acquiring an additional 133,000 shares in the last quarter. Bislett Management LLC raised its stake in shares of WillScot Mobile Mini by 3.1% in the 3rd quarter. Bislett Management LLC now owns 1,170,000 shares of the company’s stock valued at $43,992,000 after acquiring an additional 35,000 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of WillScot Mobile Mini by 2.6% during the 2nd quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock valued at $221,591,000 after acquiring an additional 148,973 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of WillScot Mobile Mini by 127.1% during the 2nd quarter. Amalgamated Bank now owns 26,677 shares of the company’s stock valued at $1,004,000 after acquiring an additional 14,928 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

WillScot Mobile Mini Trading Up 2.4 %

NASDAQ WSC opened at $36.30 on Friday. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 330.03, a price-to-earnings-growth ratio of 2.19 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 Holdings Corp. has a 12 month low of $32.71 and a 12 month high of $52.16. The company’s fifty day moving average price is $37.62 and its two-hundred day moving average price is $38.14.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly 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 company 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%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS. As a group, research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of $38.97 per share, with a total value of $194,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 149,686 shares of the company’s stock, valued at approximately $5,833,263.42. The trade was a 3.46 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Sally J. Shanks sold 14,059 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 26,113 shares of the company’s stock, valued at $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. In the last quarter, insiders bought 20,000 shares of company stock worth $728,750. 3.30% of the stock is currently owned by corporate insiders.

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.