Cambiar Investors LLC Invests $11.22 Million in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Cambiar Investors LLC purchased a new position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 298,442 shares of the company’s stock, valued at approximately $11,221,000. Cambiar Investors LLC owned about 0.16% of WillScot Mobile Mini as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of WillScot Mobile Mini in the third quarter valued at $25,000. Hexagon Capital Partners LLC boosted its position in WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after purchasing an additional 600 shares during the period. Financial Management Professionals Inc. purchased a new position in shares of WillScot Mobile Mini in the third quarter worth about $36,000. Fidelis Capital Partners LLC purchased a new stake in shares of WillScot Mobile Mini during the 1st quarter valued at approximately $55,000. Finally, Summit Securities Group LLC bought a new position in WillScot Mobile Mini in the 2nd quarter worth approximately $56,000. Institutional investors own 95.81% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WSC. Stifel Nicolaus reduced their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Robert W. Baird decreased their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday. DA Davidson cut their price target on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price target for the stock from $46.00 to $35.00 in a report on Thursday. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.00.

WillScot Mobile Mini Stock Up 10.3 %

WSC opened at $36.54 on Friday. WillScot Mobile Mini Holdings Corp. has a 12 month low of $32.71 and a 12 month high of $52.16. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 3.42. The business’s 50-day moving average price is $37.97 and its 200-day moving average price is $38.27. The company has a market cap of $6.89 billion, a P/E ratio of 332.21, a P/E/G ratio of 1.08 and a beta of 1.37.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $617.83 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.73 EPS 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.