PFS Investments Inc. boosted its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) by 24.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,752 shares of the company’s stock after purchasing an additional 12,987 shares during the quarter. PFS Investments Inc.’s holdings in WillScot Mobile Mini were worth $2,685,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in WSC. Wellington Management Group LLP bought a new stake in WillScot Mobile Mini in the 3rd quarter valued at about $71,599,000. Islet Management LP acquired a new stake in WillScot Mobile Mini in the 3rd quarter valued at approximately $48,914,000. Thrivent Financial for Lutherans acquired a new stake in WillScot Mobile Mini in the 3rd quarter valued at approximately $38,747,000. Victory Capital Management Inc. increased its position in WillScot Mobile Mini by 5,631.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,111,478 shares of the company’s stock valued at $45,393,000 after acquiring an additional 1,092,084 shares during the period. Finally, Franklin Resources Inc. increased its position in WillScot Mobile Mini by 21.2% in the 3rd quarter. Franklin Resources Inc. now owns 5,902,774 shares of the company’s stock valued at $187,235,000 after acquiring an additional 1,033,384 shares during the period. Institutional investors and hedge funds own 98.98% of the company’s stock.
In other news, CEO Bradley Lee Soultz acquired 2,500 shares of the stock in a transaction on Wednesday, May 18th. The shares were purchased at an average cost of $34.20 per share, for a total transaction of $85,500.00. Following the transaction, the chief executive officer now owns 419,971 shares in the company, valued at approximately $14,363,008.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rebecca L. Owen acquired 5,250 shares of the stock in a transaction on Friday, March 18th. The shares were purchased at an average price of $38.34 per share, for a total transaction of $201,285.00. The disclosure for this purchase can be found here. Insiders have bought a total of 17,750 shares of company stock valued at $620,085 in the last quarter. Insiders own 63.50% of the company’s stock.
WillScot Mobile Mini (NASDAQ:WSC – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. WillScot Mobile Mini had a return on equity of 11.13% and a net margin of 10.46%. The company had revenue of $508.89 million for the quarter, compared to analysts’ expectations of $476.67 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.32 earnings per share for the current year.
A number of brokerages recently issued reports on WSC. Zacks Investment Research upgraded shares of WillScot Mobile Mini from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Tuesday, May 3rd. Barclays upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $50.00 in a research report on Wednesday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $49.00 target price on shares of WillScot Mobile Mini in a research report on Friday, April 29th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $43.57.
About WillScot Mobile Mini (Get Rating)
WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom. The company leases modular space and portable storage units to customers in the commercial and industrial, construction, education, energy and natural resources, government, and other end markets.
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