First Trust Advisors LP recently bolstered its portfolio with a significant increase in holdings of WillScot Mobile Mini Holdings Corp. The investment firm increased their stake by a massive 39.5%, according to the company’s most recent Form 13F filing with the Securities and Exchange Commission.
By the end of last year, First Trust Advisors LP owned over 795,000 shares in WillScot Mobile Mini Holdings Corp., worth $35,935,000. This is a clear indication that some big investors have faith in this rapidly-growing modular and portable storage services provider.
WillScot Mobile Mini Holdings Corp. offers an extensive array of services to its customers, from furniture rental and transportation logistics to storage facilities and commercial real estate solutions. In addition to turnkey office space and other temporary applications for businesses operating in various sectors like construction, healthcare, retail, education, energy, government and transportation.
The company set new record high earnings last quarter when it reported $0.46 EPS for Q4 2020 on February 21st. This result beat analysts’ consensus estimates by $0.04, along with generating revenues of $590.55 million during the same period.
These positive results are due to WillScot Mobile Mini’s strong fundamentals with continued market presence across North America as well as opportunities for growth overseas.
Sell-side analysts predict that WillScot Mobile Mini Holdings will post a solid EPS of around 1.84 for this calendar year alone; evidently indicating this company has proven itself capable of weathering economic downturns while consistently achieving progressive business outcomes.
As major investors like First Trust Advisors LP continue increasing their holdings in companies like WillScot Mobile Mini Holdings Corp., investors at all levels needs to pay attention – not just because it proves bullish sentiment but also because it points to future or potential gains down the line too!
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WillScot Mobile Mini Holdings Corp.: Strong Market Growth and Interest from Institutional Investors and Key Executives
WillScot Mobile Mini Holdings Corp. is a company that provides portable storage, logistics, and office space solutions across various sectors. With a market capitalization of $9.25 billion and a beta of 1.52, the stock (WSC) opened at $45.74 on Friday with a PE ratio of 19.80 and a price-to-earnings-growth (PEG) ratio of 1.36.
Institutional Investor Interest
During the last quarter, hedge funds such as Sumitomo Mitsui Trust Holdings Inc., Eagle Bay Advisors LLC, Two Sigma Advisers LP, Duality Advisers LP, and Quadrature Capital Ltd have all significantly increased their positions in WSC stocks. Nowadays, almost 97.25% of the stock is owned by hedge funds and other institutional investors.
Acquisitions by Key Executives
The CEO Bradley Lee Soultz bought 5,000 shares worth $252,350 in February while Director Erika T. Davis also acquired 2,950 shares ($149,417.50). As per insider reports over the last three months, insiders have acquired 12,950 shares worth $624,868 which amounts to around 3.10% ownership of total stock.
Analyst Ratings
Robert W. Baird raised their price target from $50 to $55 in April’s research report while Oppenheimer reported an outperform rating with a target price range of $51 to $53 per share for February’s analysis report after they had boosted target price from its original estimation earlier this year.
Morgan Stanley had also given an “overweight” rating on the stock during the same month but lowered its predicted value range from $62 to $60 per share after discussions back in February.
Deutsche Bank Aktiengesellschaft reported another positive outcome result stating an estimated target price increase earlier this year from its previous reach moving from $54 to $56 per share.
William Blair had initiated coverage for the stock in one of their articles during February this year stating an “outperform” judgment with good prospects for the company. Out of six equities research, analysts have rated WSC stocks “Buy” showing a consensus view that is indicative and reaffirming of the company’s strong results to its potential long-term profitability in the future.
Conclusion
WillScot Mobile Mini Holdings Corp. has been steadily growing since establishment and made excellent progress in various markets as witnessed by increased acquisitions resulting from institutional investors, key executives purchase shares whilst it continues to rate well amongst different reporting analysts. This indicates a probable consistent growth over time and suggests investing may be prudent through their stable and impressive achievements in both market value and the sector they operate within.
