CIBC Asset Management Inc Sells 358 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

CIBC Asset Management Inc cut its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,384 shares of the company’s stock after selling 358 shares during the quarter. CIBC Asset Management Inc’s holdings in WillScot Mobile Mini were worth $203,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Rothschild Investment LLC bought a new position in shares of WillScot Mobile Mini during the 2nd quarter valued at about $364,000. Hantz Financial Services Inc. bought a new position in WillScot Mobile Mini during the second quarter valued at approximately $9,737,000. Azzad Asset Management Inc. ADV grew its holdings in WillScot Mobile Mini by 2.7% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 53,219 shares of the company’s stock valued at $2,003,000 after buying an additional 1,386 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in WillScot Mobile Mini in the 2nd quarter worth approximately $2,357,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of WillScot Mobile Mini by 3.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,036 shares of the company’s stock worth $1,545,000 after acquiring an additional 1,428 shares in the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Mobile Mini Price Performance

WSC opened at $36.51 on Tuesday. The business has a fifty day moving average of $37.85 and a 200 day moving average of $40.24. The stock has a market cap of $6.88 billion, a P/E ratio of 22.54, a PEG ratio of 1.25 and a beta of 1.36. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88. WillScot Mobile Mini Holdings Corp. has a 52-week low of $33.23 and a 52-week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $604.59 million for the quarter, compared to analysts’ expectations of $614.85 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. As a group, sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Oppenheimer cut their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Bank of America reduced their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. DA Davidson lowered their price target on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. Barclays reduced their price objective on WillScot Mobile Mini from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Stifel Nicolaus lowered their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, WillScot Mobile Mini has an average rating of “Moderate Buy” and an average target price of $48.50.

WillScot Mobile Mini Profile

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.