Empire Life Investments Inc. Increases Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Empire Life Investments Inc. grew its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 50.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 547,751 shares of the company’s stock after acquiring an additional 184,577 shares during the quarter. Empire Life Investments Inc.’s holdings in WillScot Mobile Mini were worth $20,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of WillScot Mobile Mini in the 3rd quarter worth about $25,000. Hexagon Capital Partners LLC increased its holdings in shares of WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after acquiring an additional 600 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in WillScot Mobile Mini during the 3rd quarter valued at about $36,000. Fidelis Capital Partners LLC purchased a new position in WillScot Mobile Mini in the 1st quarter worth approximately $55,000. Finally, Summit Securities Group LLC purchased a new position in shares of WillScot Mobile Mini in the second quarter worth $56,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WSC shares. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price target for the stock from $46.00 to $35.00 in a research note on Thursday. Oppenheimer reduced their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. DA Davidson lowered their price target on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Stifel Nicolaus decreased their price target on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Barclays decreased their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $45.00.

Insiders Place Their Bets

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average price of $38.97 per share, with a total value of $194,850.00. Following the purchase, the chief executive officer now directly owns 149,686 shares in the company, valued at approximately $5,833,263.42. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Stock Up 10.3 %

Shares of WSC opened at $36.54 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 332.21, a PEG ratio of 1.08 and a beta of 1.37. The stock’s 50-day moving average price is $37.97 and its 200-day moving average price is $38.26. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.71 and a 52 week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). The company had revenue of $601.43 million during the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 EPS. On average, sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.73 EPS for the current year.

About WillScot Mobile Mini

WillScot Holdings Corporation 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.