Osborne Partners Capital Management LLC Has $10.41 Million Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Osborne Partners Capital Management LLC grew its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 94.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 311,285 shares of the company’s stock after purchasing an additional 150,818 shares during the period. Osborne Partners Capital Management LLC owned about 0.17% of WillScot Mobile Mini worth $10,412,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Douglass Winthrop Advisors LLC grew its stake in shares of WillScot Mobile Mini by 32.4% in the third quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company’s stock valued at $6,209,000 after buying an additional 40,393 shares in the last quarter. First Sabrepoint Capital Management LP grew its position in shares of WillScot Mobile Mini by 17.5% in the 3rd quarter. First Sabrepoint Capital Management LP now owns 238,143 shares of the company’s stock valued at $8,954,000 after acquiring an additional 35,492 shares during the period. Bislett Management LLC increased its stake in shares of WillScot Mobile Mini by 3.1% during the 3rd quarter. Bislett Management LLC now owns 1,170,000 shares of the company’s stock worth $43,992,000 after purchasing an additional 35,000 shares during the last quarter. Swedbank AB raised its holdings in shares of WillScot Mobile Mini by 229.2% in the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after purchasing an additional 2,246,000 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in WillScot Mobile Mini in the 3rd quarter valued at about $20,773,000. Institutional investors own 95.81% of the company’s stock.

Insider Activity

In other WillScot Mobile Mini news, EVP Hezron T. Lopez sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.38, for a total value of $787,600.00. Following the transaction, the executive vice president now directly owns 57,918 shares of the company’s stock, valued at $2,280,810.84. This trade represents a 25.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Graeme Parkes sold 2,900 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the sale, the insider now directly owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders purchased 15,000 shares of company stock worth $533,900 and sold 36,959 shares worth $1,382,636. Corporate insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WSC shares. Robert W. Baird lowered their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Barclays dropped their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price objective for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Finally, Baird R W cut shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, WillScot Mobile Mini presently has a consensus rating of “Moderate Buy” and an average price target of $45.50.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ:WSC opened at $37.06 on Friday. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.57 and a 12-month high of $52.16. The company’s 50 day moving average price is $36.13 and its two-hundred day moving average price is $37.22. The firm has a market cap of $6.85 billion, a PE ratio of 336.94, a PEG ratio of 1.93 and a beta of 1.40. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The company had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. Equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share 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.