Corsair Capital Management L.P. Has $22.24 Million Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Corsair Capital Management L.P. reduced its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 591,483 shares of the company’s stock after selling 32,046 shares during the quarter. WillScot Mobile Mini accounts for about 5.2% of Corsair Capital Management L.P.’s holdings, making the stock its 6th biggest holding. Corsair Capital Management L.P. owned approximately 0.32% of WillScot Mobile Mini worth $22,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CANADA LIFE ASSURANCE Co raised its position in WillScot Mobile Mini by 3.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 48,161 shares of the company’s stock valued at $2,241,000 after purchasing an additional 1,543 shares during the last quarter. Quadrature Capital Ltd bought a new position in WillScot Mobile Mini during the 1st quarter worth $484,000. Jane Street Group LLC lifted its holdings in WillScot Mobile Mini by 149.8% during the 1st quarter. Jane Street Group LLC now owns 260,005 shares of the company’s stock worth $12,090,000 after buying an additional 155,928 shares during the period. Tidal Investments LLC grew its position in shares of WillScot Mobile Mini by 129.2% in the 1st quarter. Tidal Investments LLC now owns 13,279 shares of the company’s stock valued at $617,000 after buying an additional 7,486 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of WillScot Mobile Mini in the first quarter valued at about $39,386,000. 95.81% of the stock is currently owned by institutional investors.

WillScot Mobile Mini Stock Performance

NASDAQ WSC opened at $38.52 on Wednesday. The company’s 50 day moving average is $37.57 and its 200-day moving average is $38.09. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.71 and a 12-month high of $52.16. The firm has a market cap of $7.12 billion, a P/E ratio of 350.21, a price-to-earnings-growth ratio of 2.34 and a beta of 1.37.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results 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 firm had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. Sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WSC shares. Robert W. Baird reduced 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 note on Thursday, October 31st. Barclays reduced their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price objective for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Bank of America reduced their target price on 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 decreased their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, WillScot Mobile Mini has a consensus rating of “Hold” and a consensus target price of $45.00.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, CAO Sally J. Shanks sold 14,059 shares of WillScot Mobile Mini stock in a transaction dated 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 of the company’s stock, valued at $905,859.97. The trade was a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased 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 owns 149,686 shares in the company, valued at $5,833,263.42. This represents a 3.46 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 20,000 shares of company stock valued at $728,750. 3.30% of the stock is owned by corporate insiders.

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.