Spyglass Capital Management LLC Raises Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Spyglass Capital Management LLC grew its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 6.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,301,780 shares of the company’s stock after buying an additional 77,211 shares during the period. WillScot Mobile Mini accounts for 3.2% of Spyglass Capital Management LLC’s investment portfolio, making the stock its 18th largest position. Spyglass Capital Management LLC owned about 0.70% of WillScot Mobile Mini worth $48,947,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Clearbridge Investments LLC lifted its holdings in WillScot Mobile Mini by 2.6% during the 2nd quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock worth $221,591,000 after purchasing an additional 148,973 shares in the last quarter. Boston Partners lifted its holdings in WillScot Mobile Mini by 66.0% during the 1st quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after purchasing an additional 2,159,958 shares in the last quarter. William Blair Investment Management LLC increased its stake in WillScot Mobile Mini by 102.9% in the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock worth $174,796,000 after acquiring an additional 2,355,445 shares during the last quarter. Swedbank AB increased its stake in WillScot Mobile Mini by 229.2% in the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after acquiring an additional 2,246,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in WillScot Mobile Mini by 18.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,596,990 shares of the company’s stock worth $97,755,000 after acquiring an additional 411,808 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Analyst Ratings Changes

WSC has been the topic of a number of research analyst reports. Oppenheimer decreased their target price on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird reduced their price objective on 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. Bank of America reduced their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Stifel Nicolaus reduced their price target 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. 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, WillScot Mobile Mini presently has an average rating of “Hold” and an average price target of $45.00.

Insider Activity

In other WillScot Mobile Mini news, CAO Sally J. Shanks sold 14,059 shares of WillScot Mobile Mini stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the completion of the transaction, the chief accounting officer now owns 26,113 shares in the company, valued at approximately $905,859.97. The trade was a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Hezron T. Lopez sold 20,000 shares of WillScot Mobile Mini stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.38, for a total value of $787,600.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders bought a total of 20,000 shares of company stock worth $728,750 in the last quarter. 3.30% of the stock is owned by company insiders.

WillScot Mobile Mini Trading Down 0.9 %

NASDAQ WSC opened at $38.19 on Friday. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $32.71 and a fifty-two week high of $52.16. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The stock has a 50 day simple moving average of $37.54 and a two-hundred day simple moving average of $38.10. The stock has a market cap of $7.06 billion, a P/E ratio of 347.21, a price-to-earnings-growth ratio of 2.31 and a beta of 1.37.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The firm had revenue of $601.43 million during the quarter, compared to analysts’ expectations of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. On average, analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share 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.