Credit Suisse AG Purchases 28,218 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Posted by Defense World Staff on Jun 8th, 2023

Credit Suisse AG grew its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 471,240 shares of the company’s stock after buying an additional 28,218 shares during the quarter. Credit Suisse AG owned 0.23% of WillScot Mobile Mini worth $21,286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WSC. Harvest Fund Management Co. Ltd bought a new stake in shares of WillScot Mobile Mini in the fourth quarter worth about $38,000. Quantbot Technologies LP purchased a new stake in WillScot Mobile Mini in the first quarter worth about $46,000. Fred Alger Management LLC purchased a new stake in WillScot Mobile Mini in the third quarter worth about $49,000. Signaturefd LLC lifted its holdings in WillScot Mobile Mini by 44.3% in the third quarter. Signaturefd LLC now owns 2,053 shares of the company’s stock worth $83,000 after buying an additional 630 shares during the period. Finally, Globeflex Capital L P purchased a new stake in WillScot Mobile Mini in the fourth quarter worth about $85,000. 97.25% of the stock is owned by institutional investors.

WillScot Mobile Mini Trading Up 2.6 %

NASDAQ:WSC opened at $47.08 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 1.84. 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 market cap of $9.53 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.38 and a beta of 1.53. The company has a 50 day simple moving average of $43.88 and a two-hundred day simple moving average of $46.34.

WillScot Mobile Mini (NASDAQ:WSC – Get Rating) last posted its earnings results on Wednesday, April 26th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. WillScot Mobile Mini had a net margin of 21.32% and a return on equity of 20.32%. The business had revenue of $565.47 million during the quarter, compared to the consensus estimate of $535.40 million. Research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.84 earnings per share for the current year.

Insiders Place Their Bets

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was purchased at an average price of $44.62 per share, with a total value of $223,100.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $446,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on WSC shares. Morgan Stanley lowered their price objective 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. Oppenheimer raised their price objective on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, February 23rd. William Blair assumed coverage on shares of WillScot Mobile Mini in a report on Wednesday, February 8th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft lifted their target price on shares of WillScot Mobile Mini from $54.00 to $56.00 in a report on Friday, April 28th. Finally, Robert W. Baird lifted their target price on shares of WillScot Mobile Mini from $50.00 to $55.00 in a report on Thursday, April 27th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, WillScot Mobile Mini currently has a consensus rating of “Buy” and a consensus price target of $54.83.

About WillScot Mobile Mini

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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.