Franklin Resources Inc. Has $300.42 Million Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Franklin Resources Inc. lifted its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 149.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,751,072 shares of the company's stock after acquiring an additional 4,049,872 shares during the period. Franklin Resources Inc. owned 3.52% of WillScot Mobile Mini worth $300,423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Yarra Square Partners LP increased its holdings in shares of WillScot Mobile Mini by 8.4% in the fourth quarter. Yarra Square Partners LP now owns 194,087 shares of the company's stock valued at $8,637,000 after purchasing an additional 15,000 shares during the period. Quest Partners LLC purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $104,000. Trexquant Investment LP purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $9,322,000. D.A. Davidson & CO. boosted its stake in shares of WillScot Mobile Mini by 88.9% in the fourth quarter. D.A. Davidson & CO. now owns 35,693 shares of the company's stock valued at $1,588,000 after buying an additional 16,802 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of WillScot Mobile Mini by 3.5% in the fourth quarter. Clearbridge Investments LLC now owns 5,807,486 shares of the company's stock valued at $258,433,000 after buying an additional 198,098 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 13,869 shares in the company, valued at $662,383.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost of $47.76 per share, with a total value of $238,800.00. Following the completion of the purchase, the chief executive officer now directly owns 13,869 shares of the company's stock, valued at approximately $662,383.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Sagansky sold 75,000 shares of the business's stock in a transaction on 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 sale, the director now directly owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on WSC. Barclays boosted their price target on WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, February 28th. Stifel Nicolaus reduced their target price on WillScot Mobile Mini from $58.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday, April 4th. Robert W. Baird dropped their price target on WillScot Mobile Mini from $55.00 to $45.00 and set an "outperform" rating on the stock in a research report on Monday, April 22nd. Oppenheimer reiterated an "outperform" rating and set a $53.00 price target (down from $60.00) on shares of WillScot Mobile Mini in a research report on Monday, May 6th. Finally, DA Davidson lowered their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a "buy" rating on the stock in a research report on Tuesday, May 7th. Two equities 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.00.

WillScot Mobile Mini Trading Down 3.5 %

WSC stock traded down $1.47 during trading on Wednesday, hitting $40.40. The company had a trading volume of 3,455,840 shares, compared to its average volume of 1,993,975. The firm has a 50-day moving average price of $41.58 and a 200-day moving average price of $43.17. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 1.16 and a beta of 1.36. WillScot Mobile Mini Holdings Corp. has a 12 month low of $34.40 and a 12 month high of $52.16. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 2.63.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $587.18 million during the quarter, compared to analyst estimates of $579.98 million. During the same period last year, the firm earned $0.36 EPS. WillScot Mobile Mini's quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.89 earnings per share for the current year.

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.