AMI Asset Management Corp Sells 3,916 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

AMI Asset Management Corp lowered its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 4.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 90,116 shares of the company’s stock after selling 3,916 shares during the period. AMI Asset Management Corp’s holdings in WillScot Mobile Mini were worth $4,190,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Bourgeon Capital Management LLC raised its stake in WillScot Mobile Mini by 1,063.6% during the fourth quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock worth $28,000 after buying an additional 585 shares during the last quarter. Quarry LP bought a new position in WillScot Mobile Mini during the fourth quarter worth $38,000. TFO Wealth Partners LLC raised its stake in WillScot Mobile Mini by 6,578.6% during the fourth quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock worth $42,000 after buying an additional 921 shares during the last quarter. Principal Securities Inc. bought a new position in WillScot Mobile Mini during the fourth quarter worth $71,000. Finally, Sage Rock Capital Management LP bought a new position in WillScot Mobile Mini during the fourth quarter worth $80,000. Institutional investors own 95.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on WSC. Stifel Nicolaus lowered their target price on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, April 4th. DA Davidson decreased 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 note on Tuesday, May 7th. Jefferies Financial Group downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price target for the company from $58.00 to $42.00 in a research note on Monday, April 1st. Robert W. Baird decreased their price target on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $53.00 price target (down from $60.00) on shares of WillScot Mobile Mini in a research note on Monday, May 6th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

WillScot Mobile Mini Stock Up 1.4 %

Shares of NASDAQ WSC traded up $0.52 during mid-day trading on Thursday, reaching $37.51. 1,000,865 shares of the company’s stock traded hands, compared to its average volume of 1,932,324. The stock has a market cap of $7.13 billion, a P/E ratio of 23.15, a PEG ratio of 1.06 and a beta of 1.38. The business has a 50-day simple moving average of $38.81 and a 200 day simple moving average of $43.00. WillScot Mobile Mini Holdings Corp. has a 1-year low of $34.40 and a 1-year high of $52.16. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.97 and a quick ratio of 0.89.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.14%. The business had revenue of $587.18 million for the quarter, compared to analyst estimates of $579.98 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.85 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of $38.44 per share, for a total transaction of $192,200.00. Following the completion of the acquisition, the chief executive officer now owns 157,771 shares in the company, valued at $6,064,717.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is owned by corporate insiders.

WillScot Mobile Mini Profile

WillScot Mobile Mini Holdings Corp. 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.