Barclays PLC Buys 312,867 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Barclays PLC lifted its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 770.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 353,485 shares of the company’s stock after acquiring an additional 312,867 shares during the quarter. Barclays PLC owned approximately 0.19% of WillScot Mobile Mini worth $13,292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. lifted its stake in WillScot Mobile Mini by 16.4% in the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after acquiring an additional 302 shares during the last quarter. Salvus Wealth Management LLC raised its holdings in shares of WillScot Mobile Mini by 1.0% in the 3rd quarter. Salvus Wealth Management LLC now owns 47,830 shares of the company’s stock valued at $1,798,000 after purchasing an additional 485 shares during the period. Arizona State Retirement System lifted its stake in WillScot Mobile Mini by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 53,184 shares of the company’s stock valued at $2,002,000 after purchasing an additional 520 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings 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. Finally, Vanguard Personalized Indexing Management LLC increased its position in WillScot Mobile Mini by 11.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company’s stock worth $228,000 after buying an additional 624 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

Insider Buying and Selling

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini stock in a transaction on Monday, November 4th. The shares were purchased at an average cost of $36.38 per share, for a total transaction of $181,900.00. Following the completion of the purchase, the chief executive officer now directly owns 144,686 shares of the company’s stock, valued at approximately $5,263,676.68. This represents a 3.58 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Graeme Parkes sold 2,900 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the completion of the transaction, the insider now directly owns 72,818 shares in the company, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 20,000 shares of company stock valued at $728,750 and have sold 36,959 shares valued at $1,382,636. 3.30% of the stock is currently owned by company insiders.

WillScot Mobile Mini Trading Down 2.1 %

Shares of WillScot Mobile Mini stock opened at $35.12 on Monday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The firm has a 50-day moving average of $37.30 and a 200-day moving average of $37.90. WillScot Mobile Mini Holdings Corp. has a 52-week low of $32.71 and a 52-week high of $52.16. The stock has a market cap of $6.49 billion, a PE ratio of 319.30, a PEG ratio of 2.12 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. During the same period in the prior year, the firm earned $0.46 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, sell-side analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WSC shares. Barclays cut their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Baird R W cut WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of 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, Robert W. Baird dropped their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock 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.