Ameriprise Financial Inc. Acquires 793,306 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Ameriprise Financial Inc. increased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 16.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,495,389 shares of the company’s stock after purchasing an additional 793,306 shares during the period. Ameriprise Financial Inc. owned approximately 2.72% of WillScot Mobile Mini worth $257,624,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Westover Capital Advisors LLC bought a new stake in WillScot Mobile Mini in the 1st quarter valued at approximately $464,000. Thrivent Financial for Lutherans lifted its stake in WillScot Mobile Mini by 1.6% in the 1st quarter. Thrivent Financial for Lutherans now owns 1,046,431 shares of the company’s stock valued at $49,057,000 after acquiring an additional 16,179 shares in the last quarter. Hudson Bay Capital Management LP lifted its stake in WillScot Mobile Mini by 2.6% in the 1st quarter. Hudson Bay Capital Management LP now owns 137,604 shares of the company’s stock valued at $6,451,000 after acquiring an additional 3,500 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new stake in WillScot Mobile Mini in the 1st quarter valued at approximately $347,000. Finally, State Street Corp lifted its stake in WillScot Mobile Mini by 2.2% in the 1st quarter. State Street Corp now owns 3,260,444 shares of the company’s stock valued at $152,850,000 after acquiring an additional 69,650 shares in the last quarter. Institutional investors own 95.44% of the company’s stock.

WillScot Mobile Mini Stock Down 0.9 %

NASDAQ:WSC opened at $42.34 on Friday. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 0.96 and a beta of 1.54. WillScot Mobile Mini Holdings Corp. has a twelve month low of $37.81 and a twelve month high of $53.46. The stock’s 50 day moving average price is $44.14 and its two-hundred day moving average price is $45.20. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.11.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. The firm had revenue of $582.10 million for the quarter, compared to analyst estimates of $582.79 million. WillScot Mobile Mini had a return on equity of 22.32% and a net margin of 21.93%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 EPS. Equities research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $40.71 per share, with a total value of $203,550.00. Following the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $407,100. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Oppenheimer boosted their target price on WillScot Mobile Mini from $53.00 to $55.00 in a research note on Wednesday, July 12th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $56.20.

About WillScot Mobile Mini

WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. The company leases modular space and portable storage units to customers in the commercial and industrial, construction, retail and wholesale trade, education, energy and natural resources, government, institutions, healthcare, and other end markets.