The Vanguard Group, 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 0.23% to 19.26 million shares with purchase of 44464.0 shares. This fresh investment now brings its stake to 9.22% valued currently at $990.07 million. In addition, Fidelity Management & Research Co raised its holdings by 0.21 million to 11.44 million shares. And Invesco Advisers, Inc. has lifted its position by 1.80% or 83571.0 shares – to 4.73 million shares.
With over 2.95 million WillScot Mobile Mini Holdings Corp. (WSC) shares trading Friday and a closing price of $49.58 on the day, the dollar volume was approximately $146.13 million. The shares have shown a positive half year performance of 18.05% and its price on 03/10/23 lost nearly -3.32%. Currently, there are 209.30M common shares owned by the public and among those 202.30M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for WSC have a consensus price objective of $57.91. The analysts have set the share’s price value over the next 12 months at a high of $61.00 and a low of $53.00. The average price target is 14.38% above its recent price level and an upside to the estimated low will see the stock gain 6.45% over that period. But an upside of 18.72% will see the stock hit the forecast high price target while median target price for the stock is $58.00.
Insiders at the company have transacted a total of 67 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 38 of these insider trades were purchases, accounting for 1,252,346 shares. Insider sales of the common stock occurred on 29 occasions, with total insider shares sold totaling 1,213,137 shares.
The top 3 mutual fund holders in WillScot Mobile Mini Holdings Corp. are Vanguard Total Stock Market Index, Vanguard Small Cap Index Fund, and American Funds Small Cap World Fu. Vanguard Total Stock Market Index owns 6.4 million shares of the company’s stock, all valued at over $328.98 million. The company bought an additional 55993.0 shares recently to bring their total holdings to about 3.06% of the shares outstanding. Vanguard Small Cap Index Fund bought 29614.0 shares to see its total holdings expand to 5.41 million shares valued at over $278.17 million and representing 2.59% of the shares outstanding. American Funds Small Cap World Fu now owns shares totaling to 1.91% of the shares outstanding.
Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC) opened at $51.38, up $0.1 from a prior closing price of $51.28. However, the script later moved the day high at 51.45, down -3.32%. The company’s stock has a 5-day price change of -6.28% and 5.53% over the past three months. WSC shares are trading 9.76% year to date (YTD), with the 12-month market performance up to 38.84% higher. It has a 12-month low price of $30.52 and touched a high of $53.46 over the same period. WSC has an average intraday trading volume of 1.53 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 -3.83%, 2.26%, and 16.65% respectively.
Institutional ownership of WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC) shares accounts for 99.24% of the company’s 209.30M shares outstanding. Mutual fund holders own 44.43%, while other institutional holders and individual stakeholders account for 52.07% and 2.25% respectively.
It has a market capitalization of $10.55B and a beta (3y monthly) value of 1.55. The stock’s trailing 12-month PE ratio is 39.10, while the earnings-per-share (ttm) stands at $1.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.28% over the week and 2.22% over the month.
Analysts forecast that WillScot Mobile Mini Holdings Corp. (WSC) will achieve an EPS of $0.45 for the current quarter, $0.3 for the next quarter and $1.67 for 2023. The lowest estimate earnings-per-share for the quarter is $0.35 while analysts give the company a high EPS estimate of $0.53. Comparatively, EPS for the current quarter was $0.32 a year ago. Earnings per share for the fiscal year are expected to increase by 135.60%, and 28.28% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate WillScot Mobile Mini Holdings Corp. (WSC) as a “Strong Buy” at a consensus score of 1.50. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 0 of the 11 advise that investors “hold,” and 0 rated it as a “Sell.”
Deutsche Bank coverage for the WillScot Mobile Mini Holdings Corp. (WSC) stock in a research note released on March 30, 2022 offered a Buy rating with a price target of $49. Barclays was of a view on March 02, 2022 that the stock is Overweight, while Robert W. Baird gave the stock Outperform rating on March 03, 2021, issuing a price target of $31- $33. Barclays on their part issued Equal Weight rating on November 10, 2020.
