Reinhart Partners LLC. Boosts Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Reinhart Partners LLC. increased its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 19.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 281,585 shares of the company’s stock after purchasing an additional 45,002 shares during the quarter. Reinhart Partners LLC.’s holdings in WillScot Mobile Mini were worth $10,588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WSC. Norden Group LLC lifted its stake in WillScot Mobile Mini by 2,181.8% during the first quarter. Norden Group LLC now owns 129,330 shares of the company’s stock worth $6,014,000 after purchasing an additional 123,662 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in WillScot Mobile Mini by 15,389.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company’s stock worth $2,023,000 after acquiring an additional 53,400 shares in the last quarter. Sei Investments Co. boosted its holdings in WillScot Mobile Mini by 74.4% during the 1st quarter. Sei Investments Co. now owns 640,720 shares of the company’s stock valued at $29,793,000 after acquiring an additional 273,431 shares during the period. Swedbank AB grew its position in WillScot Mobile Mini by 15.7% in the 2nd quarter. Swedbank AB now owns 980,000 shares of the company’s stock valued at $36,887,000 after acquiring an additional 133,000 shares in the last quarter. Finally, Hood River Capital Management LLC increased its stake in WillScot Mobile Mini by 81.2% during the first quarter. Hood River Capital Management LLC now owns 73,405 shares of the company’s stock worth $3,413,000 after purchasing an additional 32,900 shares during the period. 95.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the purchase, the chief executive officer now owns 149,686 shares in the company, valued at $5,833,263.42. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

WSC has been the topic of a number of research reports. Oppenheimer reduced their target price 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. Bank of America cut their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. 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. DA Davidson dropped 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 research report on Monday, August 5th. Finally, Barclays cut shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $50.00 to $44.00 in a research report on Thursday, September 19th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.90.

WillScot Mobile Mini Stock Performance

NASDAQ WSC opened at $36.15 on Friday. The company has a fifty day moving average of $37.42 and a two-hundred day moving average of $39.00. 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 Holdings Corp. has a 1 year low of $33.23 and a 1 year high of $52.16. The company has a market capitalization of $6.81 billion, a PE ratio of 38.46, a P/E/G ratio of 1.17 and a beta of 1.35.

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 analysts’ consensus estimates 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 analysts’ expectations of $614.85 million. During the same quarter in the prior year, the business earned $0.43 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

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.