Hood River Capital Management LLC Acquires 32,900 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Hood River Capital Management LLC grew its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 81.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,405 shares of the company’s stock after buying an additional 32,900 shares during the period. Hood River Capital Management LLC’s holdings in WillScot Mobile Mini were worth $3,413,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WSC. Cary Street Partners Investment Advisory LLC lifted its holdings in WillScot Mobile Mini by 3.4% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 8,417 shares of the company’s stock valued at $344,000 after purchasing an additional 275 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in WillScot Mobile Mini by 9.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 5,679 shares of the company’s stock worth $253,000 after acquiring an additional 502 shares during the last quarter. Park Place Capital Corp lifted its position in shares of WillScot Mobile Mini by 29.3% during the 1st quarter. Park Place Capital Corp now owns 2,354 shares of the company’s stock worth $109,000 after purchasing an additional 534 shares during the last quarter. Bourgeon Capital Management LLC raised its stake in WillScot Mobile Mini by 1,063.6% in the fourth quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock valued at $28,000 after buying an additional 585 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of WillScot Mobile Mini by 6.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 11,824 shares of the company’s stock worth $526,000 after acquiring an additional 708 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Price Performance

WSC stock traded down $2.24 on Friday, reaching $41.00. 3,856,204 shares of the company’s stock were exchanged, compared to its average volume of 2,276,675. WillScot Mobile Mini Holdings Corp. has a twelve month low of $34.40 and a twelve month high of $52.16. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 2.63. The stock has a fifty day moving average of $38.97 and a 200-day moving average of $42.43. The firm has a market cap of $7.80 billion, a PE ratio of 25.31, a P/E/G ratio of 1.23 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The company had revenue of $587.18 million for the quarter, compared to analyst estimates of $579.98 million. During the same period last year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average price of $38.44 per share, with a total value of $192,200.00. Following the purchase, the chief executive officer now directly owns 157,771 shares of the company’s stock, valued at approximately $6,064,717.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Oppenheimer reissued an “outperform” rating and issued a $53.00 price target (down from $60.00) on shares of WillScot Mobile Mini in a research report on Monday, May 6th. DA Davidson reduced their price target 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. Jefferies Financial Group downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $58.00 to $42.00 in a research report on Monday, April 1st. Stifel Nicolaus reduced their target price on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, April 4th. Finally, Robert W. Baird decreased their price objective on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, WillScot Mobile Mini has an average rating of “Moderate Buy” and a consensus price target of $51.00.

WillScot Mobile Mini Company Profile

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.