Verition Fund Management LLC Has $3.10 Million Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Verition Fund Management LLC lifted its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 56.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,502 shares of the company’s stock after purchasing an additional 29,764 shares during the period. Verition Fund Management LLC’s holdings in WillScot Mobile Mini were worth $3,102,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. increased its stake in shares of WillScot Mobile Mini by 15,389.0% in the second quarter. Sunbelt Securities Inc. now owns 53,747 shares of the company’s stock worth $2,023,000 after purchasing an additional 53,400 shares during the period. Swedbank AB increased its stake in shares of WillScot Mobile Mini by 15.7% in the second quarter. Swedbank AB now owns 980,000 shares of the company’s stock worth $36,887,000 after purchasing an additional 133,000 shares during the period. Douglass Winthrop Advisors LLC increased its stake in shares of WillScot Mobile Mini by 32.4% in the third quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company’s stock worth $6,209,000 after purchasing an additional 40,393 shares during the period. Bislett Management LLC increased its stake in shares of WillScot Mobile Mini by 3.1% in the third quarter. Bislett Management LLC now owns 1,170,000 shares of the company’s stock worth $43,992,000 after purchasing an additional 35,000 shares during the period. Finally, Clearbridge Investments LLC increased its stake in shares of WillScot Mobile Mini by 2.6% in the second quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock worth $221,591,000 after purchasing an additional 148,973 shares during the period. 95.81% of the stock is currently owned by institutional investors.

Insider Transactions 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 value of $487,706.71. Following the transaction, the chief accounting officer now directly owns 26,113 shares of the company’s stock, valued at $905,859.97. The trade was a 35.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, September 18th. The stock was acquired 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 directly owns 149,686 shares in the company, valued at $5,833,263.42. This represents a 3.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 20,000 shares of company stock valued at $728,750 in the last three months. 3.30% of the stock is owned by corporate insiders.

WillScot Mobile Mini Stock Up 4.0 %

NASDAQ WSC opened at $39.21 on Thursday. 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 stock’s 50 day moving average is $37.39 and its two-hundred day moving average is $38.04. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 356.45, a PEG ratio of 2.31 and a beta of 1.38. WillScot Mobile Mini Holdings Corp. has a 1-year low of $32.71 and a 1-year high of $52.16.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. 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 research note on Thursday, October 31st. Baird R W lowered WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Barclays lowered their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.