DF Dent & Co. Inc. Has $110.50 Million Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

DF Dent & Co. Inc. lessened its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,938,837 shares of the company’s stock after selling 145,063 shares during the quarter. WillScot Mobile Mini makes up 1.3% of DF Dent & Co. Inc.’s holdings, making the stock its 28th biggest position. DF Dent & Co. Inc. owned about 1.59% of WillScot Mobile Mini worth $110,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in WSC. CWM LLC increased its position in WillScot Mobile Mini by 80.3% during the second 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. Salvus Wealth Management LLC acquired a new position in shares of WillScot Mobile Mini during the 2nd quarter worth approximately $1,782,000. Swedbank AB raised its stake 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 during the period. Reinhart Partners LLC. acquired a new stake in WillScot Mobile Mini during the 2nd quarter valued at $8,905,000. Finally, Raymond James & Associates lifted its holdings in WillScot Mobile Mini by 73.2% during the 2nd quarter. Raymond James & Associates now owns 250,824 shares of the company’s stock valued at $9,441,000 after purchasing an additional 105,992 shares during the last quarter. 95.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WSC shares. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price target for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Barclays reduced their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Finally, Robert W. Baird lowered their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.00.

Insiders Place Their Bets

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were bought at an average price of $36.38 per share, for a total transaction of $181,900.00. Following the purchase, the chief executive officer now owns 144,686 shares in the company, valued at approximately $5,263,676.68. This trade represents a 3.58 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sally J. Shanks sold 14,059 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.69, for a total value of $487,706.71. Following the sale, the chief accounting officer now owns 26,113 shares of the company’s stock, valued at approximately $905,859.97. This represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought 20,000 shares of company stock worth $728,750 over the last ninety days. Corporate insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Trading Up 1.2 %

Shares of WSC stock opened at $39.16 on Friday. The stock has a market cap of $7.24 billion, a P/E ratio of 356.03, a price-to-earnings-growth ratio of 2.37 and a beta of 1.38. WillScot Mobile Mini Holdings Corp. has a 1 year low of $32.71 and a 1 year high of $52.16. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The stock has a 50 day simple moving average of $37.39 and a 200 day simple moving average of $38.03.

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