Secure Asset Management LLC Acquires 2,178 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Secure Asset Management LLC lifted its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 8.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,377 shares of the company’s stock after buying an additional 2,178 shares during the period. Secure Asset Management LLC’s holdings in WillScot Mobile Mini were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in WillScot Mobile Mini in the 4th quarter valued at about $38,000. TFO Wealth Partners LLC increased its stake in WillScot Mobile Mini by 6,578.6% in the fourth quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock valued at $42,000 after acquiring an additional 921 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in WillScot Mobile Mini in the first quarter valued at approximately $55,000. CWM LLC raised 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 valued at $62,000 after purchasing an additional 728 shares in the last quarter. Finally, American National Bank bought a new stake in WillScot Mobile Mini during the second quarter worth $66,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Up 4.7 %

Shares of WSC stock traded up $1.74 on Friday, reaching $38.93. 1,825,839 shares of the company were exchanged, compared to its average volume of 2,031,831. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. The company has a 50-day moving average of $37.99 and a 200-day moving average of $41.33. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 1.27 and a beta of 1.38. WillScot Mobile Mini Holdings Corp. has a one year low of $33.23 and a one year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The firm had revenue of $604.59 million for the quarter, compared to analyst estimates of $614.85 million. WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. WillScot Mobile Mini’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. Analysts anticipate 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 have recently commented on WSC shares. Oppenheimer dropped their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus cut their target price on shares of 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. Bank of America lowered their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Barclays cut their price objective on WillScot Mobile Mini from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, DA Davidson lowered their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.