Sequoia Financial Advisors LLC Takes $725,000 Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Sequoia Financial Advisors LLC bought a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,302 shares of the company’s stock, valued at approximately $725,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hexagon Capital Partners LLC bought a new position in shares of WillScot Mobile Mini during the third quarter valued at about $25,000. International Assets Investment Management LLC purchased a new position in WillScot Mobile Mini during the 3rd quarter valued at about $31,000. IFP Advisors Inc increased its holdings in WillScot Mobile Mini by 142.4% during the 2nd quarter. IFP Advisors Inc now owns 778 shares of the company’s stock valued at $37,000 after purchasing an additional 457 shares during the period. Quantbot Technologies LP bought a new position in WillScot Mobile Mini during the 1st quarter valued at approximately $46,000. Finally, Fred Alger Management LLC purchased a new stake in WillScot Mobile Mini in the 3rd quarter worth approximately $49,000. 95.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WSC. Deutsche Bank Aktiengesellschaft boosted their target price on WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Jefferies Financial Group cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their target price for the stock from $58.00 to $42.00 in a research report on Monday, April 1st. Stifel Nicolaus reduced their price target on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, April 4th. Oppenheimer raised their price objective on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Finally, Morgan Stanley initiated coverage on WillScot Mobile Mini in a research report on Monday, January 8th. They set an “equal weight” rating and a $45.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, WillScot Mobile Mini has an average rating of “Moderate Buy” and an average price target of $52.38.

WillScot Mobile Mini Trading Down 2.4 %

Shares of NASDAQ WSC opened at $40.12 on Tuesday. The stock has a market cap of $7.62 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 0.93 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. The firm has a 50-day moving average of $46.78 and a 200 day moving average of $43.40.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Tuesday, February 20th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.09). The business had revenue of $612.38 million for the quarter, compared to analysts’ expectations of $619.63 million. WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. WillScot Mobile Mini’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 earnings per share. As a group, sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 2.01 EPS for the current fiscal year.

Insiders Place Their Bets

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

WillScot Mobile Mini Profile

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.