Highlander Partners L.P. Acquires 61,300 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Highlander Partners L.P. increased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 38.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 221,800 shares of the company’s stock after purchasing an additional 61,300 shares during the period. WillScot Mobile Mini makes up about 5.5% of Highlander Partners L.P.’s holdings, making the stock its 5th biggest position. Highlander Partners L.P. owned 0.12% of WillScot Mobile Mini worth $8,349,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its holdings in shares of WillScot Mobile Mini by 30.8% during the second quarter. First Horizon Advisors Inc. now owns 1,836 shares of the company’s stock valued at $69,000 after purchasing an additional 432 shares during the period. Coldstream Capital Management Inc. raised its stake in WillScot Mobile Mini by 9.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 5,679 shares of the company’s stock worth $253,000 after buying an additional 502 shares during the period. Arizona State Retirement System raised its stake in WillScot Mobile Mini by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 53,184 shares of the company’s stock worth $2,002,000 after buying an additional 520 shares during the period. Park Place Capital Corp boosted its holdings in WillScot Mobile Mini by 29.3% in the first quarter. Park Place Capital Corp now owns 2,354 shares of the company’s stock worth $109,000 after acquiring an additional 534 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in WillScot Mobile Mini by 11.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company’s stock valued at $228,000 after acquiring an additional 624 shares during the period. 95.81% of the stock is currently owned by institutional investors.

WillScot Mobile Mini Trading Up 2.0 %

NASDAQ:WSC opened at $40.19 on Wednesday. WillScot Mobile Mini Holdings Corp. has a 52 week low of $33.23 and a 52 week high of $52.16. The firm has a 50-day moving average price of $38.13 and a two-hundred day moving average price of $39.86. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.39 EPS 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 business had revenue of $604.59 million for the quarter, compared to analysts’ expectations of $614.85 million. During the same period in the previous year, the business posted $0.43 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. On average, equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WSC shares. Stifel Nicolaus lowered their target price on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Bank of America lowered their price objective on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. DA Davidson decreased their target price on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Oppenheimer dropped their price target on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Barclays cut their price target on WillScot Mobile Mini from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.50.

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.