Secure Asset Management LLC Buys 2,178 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Secure Asset Management LLC raised its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 8.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 27,377 shares of the company’s stock after buying an additional 2,178 shares during the quarter. Secure Asset Management LLC’s holdings in WillScot Mobile Mini were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of WSC. Quarry LP bought a new stake in WillScot Mobile Mini during the fourth quarter valued at about $38,000. TFO Wealth Partners LLC lifted its stake in WillScot Mobile Mini by 6,578.6% in the 4th quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock worth $42,000 after purchasing an additional 921 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of WillScot Mobile Mini in the first quarter worth about $55,000. Principal Securities Inc. purchased a new stake in shares of WillScot Mobile Mini during the 4th quarter worth approximately $71,000. Finally, CWM LLC boosted its position in shares of WillScot Mobile Mini by 80.3% during the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $62,000 after acquiring an additional 728 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays dropped their price target on WillScot Mobile Mini from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. DA Davidson decreased their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Stifel Nicolaus decreased their price target on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Bank of America lowered their price objective 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 Friday, August 2nd. Finally, Oppenheimer lowered 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.50.

WillScot Mobile Mini Stock Up 4.7 %

Shares of WSC stock traded up $1.74 during trading hours on Friday, reaching $38.93. 1,825,839 shares of the company’s stock were exchanged, compared to its average volume of 2,031,831. The stock has a market cap of $7.40 billion, a PE ratio of 24.03, a PEG ratio of 1.27 and a beta of 1.38. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 2.88. The stock’s fifty day moving average price is $37.99 and its two-hundred day moving average price is $41.33. WillScot Mobile Mini Holdings Corp. has a 1 year low of $33.23 and a 1 year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The company had revenue of $604.59 million for the quarter, compared to analysts’ expectations of $614.85 million. During the same period last year, the firm earned $0.43 earnings per share. WillScot Mobile Mini’s quarterly revenue was up 3.9% compared to the same quarter last year. Research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.76 EPS for the current year.

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.