Point72 Asset Management L.P. Makes New $20.77 Million Investment in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Point72 Asset Management L.P. bought a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 552,473 shares of the company’s stock, valued at approximately $20,773,000. Point72 Asset Management L.P. owned about 0.30% of WillScot Mobile Mini as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new stake in shares of WillScot Mobile Mini in the 3rd quarter valued at $25,000. Hexagon Capital Partners LLC grew its stake in WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after acquiring an additional 600 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of WillScot Mobile Mini during the third quarter worth about $36,000. Summit Securities Group LLC acquired a new stake in shares of WillScot Mobile Mini during the second quarter worth about $56,000. Finally, CWM LLC lifted its holdings in shares of WillScot Mobile Mini by 80.3% during the 2nd 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. Institutional investors and hedge funds own 95.81% of the company’s stock.

Analyst Ratings Changes

WSC has been the subject of several research analyst reports. Baird R W cut shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Robert W. Baird dropped their price target 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. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Finally, Barclays dropped their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.00.

WillScot Mobile Mini Trading Down 1.3 %

Shares of WSC stock opened at $38.69 on Friday. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.71 and a twelve month high of $52.16. The stock’s fifty day simple moving average is $37.38 and its 200 day simple moving average is $38.05. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $7.15 billion, a P/E ratio of 351.76, a P/E/G ratio of 2.37 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The business had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. WillScot Mobile Mini’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. As a group, sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Insider Buying and Selling at WillScot Mobile Mini

In other news, Director Gerard E. Holthaus bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average price of $34.99 per share, for a total transaction of $174,950.00. Following the completion of the acquisition, the director now directly owns 411,221 shares in the company, valued at approximately $14,388,622.79. This represents a 1.23 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Sally J. Shanks sold 14,059 shares of the stock in a transaction dated 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. The trade was a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 20,000 shares of company stock worth $728,750. Insiders own 3.30% of the company’s stock.

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.