WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd decreased its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,824 shares of the company’s stock after selling 3,035 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in WillScot Mobile Mini were worth $4,620,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State Board of Administration of Florida Retirement System increased its position in WillScot Mobile Mini by 0.3% during the third quarter. State Board of Administration of Florida Retirement System now owns 109,877 shares of the company’s stock worth $4,570,000 after buying an additional 290 shares during the period. Pathstone Family Office LLC increased its holdings in shares of WillScot Mobile Mini by 5.6% in the 3rd quarter. Pathstone Family Office LLC now owns 5,933 shares of the company’s stock valued at $247,000 after acquiring an additional 315 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in WillScot Mobile Mini by 8.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,574 shares of the company’s stock valued at $232,000 after purchasing an additional 422 shares during the last quarter. Steph & Co. boosted its stake in WillScot Mobile Mini by 4.5% during the 3rd quarter. Steph & Co. now owns 10,296 shares of the company’s stock worth $428,000 after purchasing an additional 443 shares during the period. Finally, CWM LLC grew its position in WillScot Mobile Mini by 65.5% during the 3rd quarter. CWM LLC now owns 1,291 shares of the company’s stock worth $54,000 after purchasing an additional 511 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insiders Place Their Bets

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

WillScot Mobile Mini Trading Down 1.2 %

Shares of WSC stock opened at $38.01 on Tuesday. The business’s fifty day moving average price is $45.53 and its 200 day moving average price is $43.32. The firm has a market capitalization of $7.22 billion, a PE ratio of 16.31, a P/E/G ratio of 0.91 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. 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 posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. The company had revenue of $612.38 million for the quarter, compared to analyst estimates of $619.63 million. During the same period last year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, sell-side analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WSC. Barclays increased their target price on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Morgan Stanley assumed coverage on WillScot Mobile Mini in a research note on Monday, January 8th. They issued an “equal weight” rating and a $45.00 target price on the stock. Oppenheimer boosted their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Wells Fargo & Company increased their price target on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.13.

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.