Quantbot Technologies LP Sells 14,674 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Quantbot Technologies LP cut its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 18.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,154 shares of the company’s stock after selling 14,674 shares during the quarter. Quantbot Technologies LP’s holdings in WillScot Mobile Mini were worth $2,412,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baupost Group LLC MA purchased a new position in shares of WillScot Mobile Mini during the second quarter valued at approximately $92,971,000. William Blair Investment Management LLC raised its stake in WillScot Mobile Mini by 102.9% during the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after buying an additional 2,355,445 shares during the last quarter. Swedbank AB boosted its holdings in WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after acquiring an additional 2,246,000 shares in the last quarter. Boston Partners grew its stake in shares of WillScot Mobile Mini by 66.0% in the first quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after acquiring an additional 2,159,958 shares during the last quarter. Finally, Nippon Life Global Investors Americas Inc. bought a new position in shares of WillScot Mobile Mini during the second quarter valued at $23,394,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ WSC opened at $38.19 on Friday. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.71 and a 12-month high of $52.16. The firm has a 50 day moving average of $37.54 and a 200 day moving average of $38.10. 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 firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 347.21, a price-to-earnings-growth ratio of 2.31 and a beta of 1.37.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $617.83 million. During the same period in the prior year, the firm posted $0.46 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Sally J. Shanks sold 14,059 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.69, for a total value of $487,706.71. Following the completion of the sale, the chief accounting officer now directly owns 26,113 shares of the company’s stock, valued at $905,859.97. This represents a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Hezron T. Lopez sold 20,000 shares of WillScot Mobile Mini stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the transaction, the executive vice president now owns 57,918 shares in the company, valued at approximately $2,280,810.84. This trade represents a 25.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 20,000 shares of company stock worth $728,750. Company insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays cut their price objective on shares of 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. Bank of America reduced 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 research report on Friday, August 2nd. DA Davidson lowered their price objective on 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. Oppenheimer reduced their target price on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, Robert W. Baird lowered their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Six 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, the company has a consensus rating of “Hold” and a consensus price target of $45.00.

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.