WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Purchased by Oppenheimer & Co. Inc.

Posted by Defense World Staff on May 12th, 2023

Oppenheimer & Co. Inc. increased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) by 34.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,509 shares of the company’s stock after purchasing an additional 4,760 shares during the period. Oppenheimer & Co. Inc.’s holdings in WillScot Mobile Mini were worth $836,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WSC. Price T Rowe Associates Inc. MD raised its position in WillScot Mobile Mini by 169.9% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 3,652,330 shares of the company’s stock worth $147,299,000 after buying an additional 2,299,036 shares during the last quarter. Invesco Ltd. raised its position in WillScot Mobile Mini by 37.3% during the 1st quarter. Invesco Ltd. now owns 4,749,059 shares of the company’s stock worth $185,829,000 after buying an additional 1,290,938 shares during the last quarter. Artemis Investment Management LLP raised its position in WillScot Mobile Mini by 46.2% during the 4th quarter. Artemis Investment Management LLP now owns 3,492,640 shares of the company’s stock worth $158,293,000 after buying an additional 1,103,108 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of WillScot Mobile Mini by 462.3% in the 3rd quarter. Two Sigma Investments LP now owns 990,334 shares of the company’s stock valued at $39,940,000 after purchasing an additional 814,217 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of WillScot Mobile Mini by 27.2% in the 3rd quarter. Jennison Associates LLC now owns 2,853,926 shares of the company’s stock valued at $115,099,000 after purchasing an additional 610,003 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Insider Transactions at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction dated Monday, February 27th. The stock was acquired at an average cost of $50.47 per share, for a total transaction of $252,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $504,700. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was purchased at an average cost of $50.47 per share, for a total transaction of $252,350.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at $504,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Erika T. Davis bought 2,950 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was bought at an average price of $50.65 per share, with a total value of $149,417.50. Following the completion of the acquisition, the director now owns 6,313 shares of the company’s stock, valued at approximately $319,753.45. The disclosure for this purchase can be found here. Insiders bought a total of 12,950 shares of company stock worth $624,868 over the last ninety days. 2.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WSC. Oppenheimer increased their price target on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of WillScot Mobile Mini from $54.00 to $56.00 in a report on Friday, April 28th. Morgan Stanley cut their price target on shares of WillScot Mobile Mini from $62.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, February 14th. William Blair started coverage on shares of WillScot Mobile Mini in a report on Wednesday, February 8th. They set an “outperform” rating for the company. Finally, Robert W. Baird lifted their target price on shares of WillScot Mobile Mini from $50.00 to $55.00 in a research report on Thursday, April 27th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $54.83.

WillScot Mobile Mini Stock Performance

Shares of WSC opened at $43.88 on Friday. The stock has a market cap of $8.88 billion, a P/E ratio of 19.00, a PEG ratio of 1.33 and a beta of 1.52. WillScot Mobile Mini Holdings Corp. has a 12-month low of $30.52 and a 12-month high of $53.46. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 1.84. The company has a 50-day moving average of $45.26 and a two-hundred day moving average of $46.34.

WillScot Mobile Mini (NASDAQ:WSC – Get Rating) last issued its quarterly earnings results on Tuesday, February 21st. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $590.55 million during the quarter, compared to the consensus estimate of $587.95 million. WillScot Mobile Mini had a net margin of 21.32% and a return on equity of 20.32%. As a group, research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.84 EPS for the current fiscal year.

WillScot Mobile Mini Company Profile

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WillScot Mobile Mini Holdings Corp. provides modular and portable storage services. The firm offers furniture rental, transportation and logistics, storage & facilities services and commercial real estate services. It offers turnkey office space and storage solutions for temporary applications in the commercial and industrial, construction, retail, education, health care, government, transportation, security and energy sectors.