Franklin Resources Inc. Has $278.98 Million Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Franklin Resources Inc. trimmed its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 6.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,674,935 shares of the company’s stock after selling 515,351 shares during the period. Franklin Resources Inc.’s holdings in WillScot Mobile Mini were worth $278,984,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in WillScot Mobile Mini in the third quarter valued at about $25,000. Hexagon Capital Partners LLC increased its stake in shares of 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 buying an additional 600 shares during the period. Financial Management Professionals Inc. bought a new position in WillScot Mobile Mini in the 3rd quarter valued at approximately $36,000. Summit Securities Group LLC acquired a new stake in WillScot Mobile Mini during the 2nd quarter worth approximately $56,000. Finally, CWM LLC grew its holdings in WillScot Mobile Mini by 80.3% during the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after acquiring an additional 728 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Down 2.1 %

Shares of WillScot Mobile Mini stock opened at $35.12 on Friday. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 319.30, a PEG ratio of 2.12 and a beta of 1.38. The stock’s 50-day moving average is $37.30 and its 200 day moving average is $37.91. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. WillScot Mobile Mini Holdings Corp. has a one year low of $32.71 and a one year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The company had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. During the same period last year, the business earned $0.46 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CAO Sally J. Shanks sold 14,059 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the completion of the sale, the chief accounting officer now owns 26,113 shares in the company, valued at $905,859.97. The trade was a 35.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Bradley Lee Soultz bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price of $36.38 per share, for a total transaction of $181,900.00. Following the completion of the acquisition, the chief executive officer now owns 144,686 shares in the company, valued at $5,263,676.68. This represents a 3.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 20,000 shares of company stock valued at $728,750 and sold 36,959 shares valued at $1,382,636. Insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

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

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.