T. Rowe Price Associates, Inc. recently announced the acquisition of new stake in WillScot Mobile Mini Holdings Corp (NASDAQ:WSC). The institutional investor has increased its shareholding in the Industrials company by 0.64% to 10.33 million shares with purchase of 65869.0 shares. This fresh investment now brings its stake to 5.39% valued currently at $459.85 million. In addition, ClearBridge Investments LLC raised its holdings by 73119.0 to 5.61 million shares. And Citadel Advisors LLC has lifted its position by 299.93% or 3.57 million shares – to 4.76 million shares.
Currently, there are 207.95M common shares owned by the public and among those 186.64M shares have been available to trade.
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Insiders at the company have transacted a total of 79 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 43 of these insider trades were purchases, accounting for 534,671 shares. Insider sales of the common stock occurred on 36 occasions, with total insider shares sold totaling 334,413 shares.
The top 3 mutual fund holders in WillScot Mobile Mini Holdings Corp are T Rowe Price New Horizons Fund, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. T Rowe Price New Horizons Fund owns 7.47 million shares of the company’s stock, all valued at over $332.6 million. The company bought an additional 0.54 million shares recently to bring their total holdings to about 3.90% of the shares outstanding. Vanguard Total Stock Market ETF sold -0.16 million shares to see its total holdings shrink to 5.73 million shares valued at over $255.18 million and representing 2.99% of the shares outstanding. Vanguard Small Cap Index Fund sold -0.22 million shares to bring its total holdings to over 4.64 million shares at a value of $206.31 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.42% of the shares outstanding.
However, the script later moved the day high at 45.78, up 1.04%. The company’s stock has a 5-day price change of 4.52% and 19.31% over the past three months. WSC shares are trading 2.45% year to date (YTD), with the 12-month market performance down to -4.02% lower. It has a 12-month low price of $34.40 and touched a high of $53.46 over the same period. WSC has an average intraday trading volume of 1.73 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.25%, 8.20%, and 5.80% respectively.
Institutional ownership of WillScot Mobile Mini Holdings Corp (NASDAQ: WSC) shares accounts for 97.38% of the company’s 207.95M shares outstanding. Mutual fund holders own 42.62%, while other institutional holders and individual stakeholders account for 55.91% and 2.71% respectively.
It has a market capitalization of $8.74B and a beta (3y monthly) value of 1.36. The stock’s trailing 12-month PE ratio is 31.40, while the earnings-per-share (ttm) stands at $1.45. The company has a PEG of 0.85 and a Quick Ratio of 0.96 with the debt-to-equity ratio at 2.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.73% over the week and 2.61% over the month.
Analysts forecast that WillScot Mobile Mini Holdings Corp (WSC) will achieve an EPS of $0.52 for the current quarter, $0.47 for the next quarter and $2.28 for 2024. The lowest estimate earnings-per-share for the quarter is $0.48 while analysts give the company a high EPS estimate of $0.55. Comparatively, EPS for the current quarter was $0.4 a year ago. Earnings per share for the fiscal year are expected to increase by 41.52%, and 27.56% over the next financial year.
Looking at the support for the WSC, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on January 08, 2024, with the firm’s price target at $45.
