Federated Hermes Inc. Sells 46,524 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Federated Hermes Inc. lowered its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 56.8% during the second quarter, HoldingsChannel reports. The fund owned 35,321 shares of the company’s stock after selling 46,524 shares during the quarter. Federated Hermes Inc.’s holdings in WillScot Mobile Mini were worth $1,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. First Horizon Advisors Inc. lifted its position in shares of WillScot Mobile Mini by 30.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,836 shares of the company’s stock worth $69,000 after acquiring an additional 432 shares during the period. Coldstream Capital Management Inc. boosted its stake in WillScot Mobile Mini by 9.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 5,679 shares of the company’s stock worth $253,000 after buying an additional 502 shares in the last quarter. Arizona State Retirement System increased its holdings in WillScot Mobile Mini by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 53,184 shares of the company’s stock valued at $2,002,000 after buying an additional 520 shares during the period. Park Place Capital Corp raised its stake in shares of WillScot Mobile Mini by 29.3% in the 1st quarter. Park Place Capital Corp now owns 2,354 shares of the company’s stock valued at $109,000 after buying an additional 534 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of WillScot Mobile Mini by 80.3% during the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after acquiring an additional 728 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Stock Up 2.4 %

Shares of NASDAQ:WSC opened at $39.80 on Friday. WillScot Mobile Mini Holdings Corp. has a 12 month low of $33.23 and a 12 month high of $52.16. The company’s 50-day moving average price is $38.23 and its two-hundred day moving average price is $39.75. The firm has a market cap of $7.50 billion, a P/E ratio of 24.57, a P/E/G ratio of 1.36 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 (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $604.59 million during the quarter, compared to analyst estimates of $614.85 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. As a group, research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WSC has been the subject of several recent research reports. Oppenheimer dropped their price target on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Barclays lowered WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $50.00 to $44.00 in a research note on Thursday. Stifel Nicolaus lowered their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Bank of America cut their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, DA Davidson lowered their target price on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.90.

Insider Transactions at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the transaction, the chief executive officer now directly owns 149,686 shares in the company, valued at $5,833,263.42. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.30% of the stock is currently owned by corporate insiders.

WillScot Mobile Mini Company 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.