T. Rowe Price Associates, Inc. has recently announced that it has increased stake in WillScot Mobile Mini Holdings Corp (NASDAQ:WSC) by 0.64%. After grabbing 10.33 million shares, the institutional investor is now in possession of 65869.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 5.24% having worth around $407.25 million. Moreover, ClearBridge Investments LLC increased its share by 73119.0 to have a control over 5.61 million shares. And Citadel Advisors LLC raised its holdings to 3.57 million shares by acquiring 4.76 million shares or 2.41% of the stake.
WillScot Mobile Mini Holdings Corp (WSC) concluded trading on 12/14/23 at a closing price of $45.19, with 4.74 million shares of worth about $214.36 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.88% during that period and on Thursday the price saw a gain of about 7.80%. Currently the company’s common shares owned by public are about 207.95M shares, out of which, 186.52M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 79 times over the past 12 months. They bought 534,671 shares in 43 of the transactions. In 36 selling transactions, insiders dumped 334,413 shares.
T Rowe Price New Horizons Fund, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in WillScot Mobile Mini Holdings Corp T Rowe Price New Horizons Fund is currently holding 6.93 million shares of worth totaling $273.14 million. The company recently came buying 35842.0 shares which brought its stake up to 3.51% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 9677.0 shares, after which its hold over company’s outstanding shares expand to 2.99%, leaving 5.89 million shares with the mutual fund that have a worth of about $232.09 million. Vanguard Small Cap Index Fund, after buying 4.83 million shares, have now control over 2.45% of the stake in the company. It holds 10040.0 shares of worth $190.52 million.
However, the stock later moved at a day high price of 45.22, or with a gain of 7.80%. Stock saw a price change of 12.36% in past 5 days and over the past one month there was a price change of 15.13%. Year-to-date (YTD), WSC shares are showing a performance of 0.04% which decreased to -3.11% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $34.40 but also hit the highest price of $53.46 during that period. The average intraday trading volume for WillScot Mobile Mini Holdings Corp shares is 1.75 million. The stock is currently trading 13.34% above its 20-day simple moving average (SMA20), while that difference is up 14.58% for SMA50 and it goes to 3.80% higher than SMA200.
T. Rowe Price Associates, Inc. acquired 10.33 million shares of WillScot Mobile Mini Holdings Corp having value of about $407.25 million. Data submitted at the U.S SEC by T. Rowe Price Associates, Inc. revealed that the firm now holds 65869.0 shares in the company valued at close to $2976620.11, or have control over 0.64% stake in the company. WillScot Mobile Mini Holdings Corp (NASDAQ: WSC) currently have 207.95M outstanding shares and institutions hold larger chunk of about 97.49% of that. Holding of mutual funds in the company is about 43.03% while other institutional holders and individual stake holders have control over 52.55% and 2.71% of the stake respectively.
The stock has a current market capitalization of $8.66B and its 3Y-monthly beta is at 1.34. PE ratio of stock for trailing 12 months is 31.12, while it has posted earnings per share of $1.45 in the same period. Its PEG reads 0.85 and has Quick Ratio of 0.96 while making debt-to-equity ratio of 2.84. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WSC, volatility over the week remained 3.16% while standing at 2.46% over the month.
Analysts are in expectations that WillScot Mobile Mini Holdings Corp (WSC) stock would likely to be making an EPS of $0.52 in the current quarter, while forecast for next quarter EPS is $0.47 and it is $2.31 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.43 which is $0.59 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.4 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 39.90% while it is estimated to increase by 29.57% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on October 11, 2023 offering an Overweight rating for the stock and assigned a target price of $52 to it.
