Osborne Partners Capital Management LLC Increases Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Osborne Partners Capital Management LLC lifted its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 160,467 shares of the company’s stock after buying an additional 3,303 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in WillScot Mobile Mini were worth $6,034,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in WillScot Mobile Mini during the 3rd quarter worth approximately $25,000. Hexagon Capital Partners LLC grew its position in WillScot Mobile Mini by 200.0% in 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 during the last quarter. Fidelis Capital Partners LLC acquired a new position in WillScot Mobile Mini in the 1st quarter valued at $55,000. Summit Securities Group LLC purchased a new position in WillScot Mobile Mini during the 2nd quarter worth $56,000. Finally, CWM LLC raised its position in WillScot Mobile Mini by 80.3% during the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after buying an additional 728 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Performance

Shares of WSC stock opened at $38.97 on Friday. The stock has a fifty day moving average price of $37.97 and a 200 day moving average price of $38.41. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a market cap of $7.41 billion, a PE ratio of 24.06, a P/E/G ratio of 1.23 and a beta of 1.35. WillScot Mobile Mini Holdings Corp. has a 1 year low of $33.23 and a 1 year high of $52.16.

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

Wall Street Analysts Forecast Growth

WSC has been the topic of several analyst reports. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday. Robert W. Baird cut WillScot Mobile Mini from an “outperform” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research report on Thursday. Stifel Nicolaus cut their target price on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Oppenheimer decreased their price target 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. Finally, Barclays cut WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $50.00 to $44.00 in a research report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of “Moderate Buy” and an average price target of $47.60.

Insiders Place Their Bets

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost 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 of the company’s stock, valued at $5,833,263.42. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 3.30% of the stock is currently owned by company insiders.

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.