Simplicity Solutions LLC Sells 976 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Simplicity Solutions LLC decreased its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 11.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,436 shares of the company’s stock after selling 976 shares during the period. Simplicity Solutions LLC’s holdings in WillScot Mobile Mini were worth $331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of WSC. Hexagon Capital Partners LLC bought a new position in shares of WillScot Mobile Mini in the 3rd quarter valued at $25,000. International Assets Investment Management LLC bought a new stake in WillScot Mobile Mini during the 3rd quarter worth $31,000. IFP Advisors Inc grew its position in WillScot Mobile Mini by 142.4% during the 2nd quarter. IFP Advisors Inc now owns 778 shares of the company’s stock worth $37,000 after acquiring an additional 457 shares during the last quarter. Quantbot Technologies LP bought a new stake in WillScot Mobile Mini during the 1st quarter worth $46,000. Finally, Fred Alger Management LLC bought a new stake in WillScot Mobile Mini during the 3rd quarter worth $49,000. Institutional investors own 95.81% of the company’s stock.

Insider Activity

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost of $47.76 per share, with a total value of $238,800.00. Following the purchase, the chief executive officer now owns 13,869 shares in the company, valued at $662,383.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Jeffrey Sagansky sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the transaction, the director now directly owns 2,420,905 shares of the company’s stock, valued at approximately $114,992,987.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average cost of $47.76 per share, for a total transaction of $238,800.00. Following the completion of the purchase, the chief executive officer now owns 13,869 shares in the company, valued at approximately $662,383.44. The disclosure for this purchase can be found here. 3.10% of the stock is owned by company insiders.

WillScot Mobile Mini Stock Up 1.3 %

Shares of NASDAQ:WSC opened at $38.46 on Friday. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 0.90 and a beta of 1.34. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.01 and a quick ratio of 0.93. The business’s 50-day moving average is $45.80 and its 200-day moving average is $43.30. WillScot Mobile Mini Holdings Corp. has a 1 year low of $34.40 and a 1 year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The business had revenue of $612.38 million during the quarter, compared to analyst estimates of $619.63 million. WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. Equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.98 earnings per share for the current year.

Analyst Ratings Changes

WSC has been the topic of a number of research reports. Jefferies Financial Group lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $58.00 to $42.00 in a research report on Monday, April 1st. Barclays boosted their price objective on WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Company upped their price target on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Finally, Morgan Stanley assumed coverage on WillScot Mobile Mini in a research report on Monday, January 8th. They issued an “equal weight” rating and a $45.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.38.

About WillScot Mobile Mini

WillScot Mobile Mini Holdings Corp. 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.