Brasada Capital Management LP Boosts Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Brasada Capital Management LP grew its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 93.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 157,981 shares of the company’s stock after purchasing an additional 76,479 shares during the quarter. Brasada Capital Management LP owned 0.08% of WillScot Mobile Mini worth $6,006,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brevan Howard Capital Management LP purchased a new position in WillScot Mobile Mini in the fourth quarter worth approximately $2,268,000. Norden Group LLC lifted its stake in WillScot Mobile Mini by 2,181.8% in the first quarter. Norden Group LLC now owns 129,330 shares of the company’s stock worth $6,014,000 after acquiring an additional 123,662 shares during the last quarter. Boston Partners purchased a new position in WillScot Mobile Mini in the fourth quarter worth approximately $145,583,000. Ranger Investment Management L.P. purchased a new position in WillScot Mobile Mini in the fourth quarter worth approximately $14,196,000. Finally, Sei Investments Co. lifted its stake in WillScot Mobile Mini by 74.4% in the first quarter. Sei Investments Co. now owns 640,720 shares of the company’s stock worth $29,793,000 after acquiring an additional 273,431 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 WillScot Mobile Mini stock opened at $37.80 on Wednesday. The firm’s fifty day simple moving average is $37.87 and its 200-day simple moving average is $40.16. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 1.25 and a beta of 1.36. WillScot Mobile Mini Holdings Corp. has a 12 month low of $33.23 and a 12 month high of $52.16. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83.

WillScot Mobile Mini (NASDAQ:WSC) last announced its 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). The business had revenue of $604.59 million during the quarter, compared to analyst estimates of $614.85 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. As a group, equities analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.