Dynasty Wealth Management LLC Purchases New Shares in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Dynasty Wealth Management LLC bought a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) during the 1st quarter, HoldingsChannel reports. The fund bought 24,206 shares of the company’s stock, valued at approximately $1,126,000.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of WillScot Mobile Mini by 4.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,668,190 shares of the company’s stock worth $542,572,000 after buying an additional 456,674 shares during the period. Franklin Resources Inc. raised its position in WillScot Mobile Mini by 149.9% during the 4th quarter. Franklin Resources Inc. now owns 6,751,072 shares of the company’s stock worth $300,423,000 after buying an additional 4,049,872 shares during the last quarter. Clearbridge Investments LLC lifted its stake in WillScot Mobile Mini by 3.5% during the 4th quarter. Clearbridge Investments LLC now owns 5,807,486 shares of the company’s stock valued at $258,433,000 after acquiring an additional 198,098 shares during the period. Bessemer Group Inc. increased its stake in shares of WillScot Mobile Mini by 3.2% in the first quarter. Bessemer Group Inc. now owns 4,245,829 shares of the company’s stock worth $197,432,000 after acquiring an additional 132,503 shares during the period. Finally, Capital Research Global Investors raised its holdings in shares of WillScot Mobile Mini by 112.0% during the first quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after purchasing an additional 2,063,746 shares during the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Price Performance

WSC stock traded up $0.12 during midday trading on Wednesday, hitting $41.08. 740,829 shares of the stock were exchanged, compared to its average volume of 2,005,826. The stock’s 50-day moving average price is $38.94 and its 200-day moving average price is $42.40. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.89 and a current ratio of 0.97. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 1.24 and a beta of 1.38. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $34.40 and a fifty-two week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $579.98 million. During the same period last year, the firm posted $0.36 EPS. WillScot Mobile Mini’s revenue was up 3.8% on a year-over-year basis. Research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WSC shares. Stifel Nicolaus decreased their price objective on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, April 4th. DA Davidson reduced their price objective on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Oppenheimer reaffirmed an “outperform” rating and set a $53.00 target price (down previously from $60.00) on shares of WillScot Mobile Mini in a report on Monday, May 6th. Finally, Robert W. Baird dropped their target price on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction on Tuesday, May 7th. The stock was bought at an average price of $38.44 per share, for a total transaction of $192,200.00. Following the transaction, the chief executive officer now owns 157,771 shares of the company’s stock, valued at approximately $6,064,717.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is currently owned by insiders.

About WillScot Mobile Mini

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.