WCM Investment Management LLC Buys 35,088 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

WCM Investment Management LLC raised its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409,694 shares of the company's stock after buying an additional 35,088 shares during the quarter. WCM Investment Management LLC owned about 0.21% of WillScot Mobile Mini worth $18,412,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in WSC. Hexagon Capital Partners LLC purchased a new stake in WillScot Mobile Mini during the 3rd quarter worth about $25,000. International Assets Investment Management LLC purchased a new stake in WillScot Mobile Mini during the 3rd quarter worth about $31,000. IFP Advisors Inc lifted its holdings in WillScot Mobile Mini by 142.4% during the 2nd quarter. IFP Advisors Inc now owns 778 shares of the company's stock worth $37,000 after purchasing an additional 457 shares in the last quarter. Quantbot Technologies LP purchased a new stake in WillScot Mobile Mini during the 1st quarter worth about $46,000. Finally, Fred Alger Management LLC purchased a new stake in WillScot Mobile Mini during the 3rd quarter worth about $49,000. 95.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Bradley Lee Soultz bought 5,000 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $47.76 per share, for a total transaction of $238,800.00. Following the acquisition, the chief executive officer now directly owns 13,869 shares of the company's stock, valued at approximately $662,383.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Jeffrey Sagansky sold 75,000 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the completion of the sale, the director now directly owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradley Lee Soultz bought 5,000 shares of the company's stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $47.76 per share, with a total value of $238,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 13,869 shares in the company, valued at $662,383.44. The disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company's stock.

WillScot Mobile Mini Price Performance

Shares of WillScot Mobile Mini stock traded down $0.49 during trading on Friday, hitting $41.10. 1,063,416 shares of the stock traded hands, compared to its average volume of 1,602,062. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 2.81. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 0.93 and a beta of 1.34. The firm's fifty day moving average is $46.96 and its 200-day moving average is $43.41. WillScot Mobile Mini Holdings Corp. has a 52 week low of $34.40 and a 52 week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). The firm had revenue of $612.38 million for the quarter, compared to the consensus estimate of $619.63 million. WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. WillScot Mobile Mini's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 earnings per share. Research analysts expect that WillScot Mobile Mini Holdings Corp. will post 2.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WSC. Morgan Stanley began coverage on WillScot Mobile Mini in a report on Monday, January 8th. They set an "equal weight" rating and a $45.00 price objective on the stock. Jefferies Financial Group lowered WillScot Mobile Mini from a "buy" rating to a "hold" rating and decreased their target price for the stock from $58.00 to $42.00 in a research note on Monday, April 1st. Deutsche Bank Aktiengesellschaft upped their target price on WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a "buy" rating in a research note on Tuesday, January 30th. Oppenheimer upped their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, January 19th. Finally, Stifel Nicolaus decreased their target price on WillScot Mobile Mini from $58.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.38.

WillScot Mobile Mini Company 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.