Franklin Resources Inc. Sells 515,351 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Franklin Resources Inc. lowered its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,674,935 shares of the company’s stock after selling 515,351 shares during the quarter. Franklin Resources Inc. owned approximately 4.15% of WillScot Mobile Mini worth $278,984,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baupost Group LLC MA acquired a new position in shares of WillScot Mobile Mini during the 2nd quarter worth about $92,971,000. William Blair Investment Management LLC increased its position in WillScot Mobile Mini by 102.9% during the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock worth $174,796,000 after buying an additional 2,355,445 shares during the last quarter. Swedbank AB raised its stake in WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after buying an additional 2,246,000 shares during the period. Nippon Life Global Investors Americas Inc. acquired a new stake in shares of WillScot Mobile Mini in the second quarter valued at approximately $23,394,000. Finally, Point72 Asset Management L.P. bought a new position in shares of WillScot Mobile Mini during the 3rd quarter worth approximately $20,773,000. Institutional investors own 95.81% of the company’s stock.

Insider Activity at WillScot Mobile Mini

In related news, insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the transaction, the insider now directly owns 72,818 shares of the company’s stock, valued at $2,694,994.18. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Hezron T. Lopez sold 20,000 shares of the company’s 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 owns 57,918 shares of the company’s stock, valued at $2,280,810.84. The trade was a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 20,000 shares of company stock valued at $728,750 and sold 36,959 shares valued at $1,382,636. 3.30% of the stock is owned by insiders.

WillScot Mobile Mini Stock Down 2.1 %

Shares of WSC opened at $35.12 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 12 month low of $32.71 and a 12 month high of $52.16. The firm’s 50 day moving average is $37.30 and its 200-day moving average is $37.91. The stock has a market capitalization of $6.49 billion, a PE ratio of 319.30, a P/E/G ratio of 2.12 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 EPS for the quarter, missing analysts’ consensus estimates 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%. WillScot Mobile Mini’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $0.46 EPS. Equities research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WSC shares. Robert W. Baird cut their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their target price for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Barclays decreased their price target 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, Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, WillScot Mobile Mini currently has an average 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.