Nisa Investment Advisors LLC Raises Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Nisa Investment Advisors LLC grew its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 60.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,159 shares of the company’s stock after buying an additional 4,950 shares during the period. Nisa Investment Advisors LLC’s holdings in WillScot Mobile Mini were worth $586,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hexagon Capital Partners LLC purchased a new stake in WillScot Mobile Mini in the third quarter worth about $25,000. International Assets Investment Management LLC purchased a new stake in shares of WillScot Mobile Mini during the third quarter worth about $31,000. IFP Advisors Inc grew its position in shares of WillScot Mobile Mini by 142.4% during the second quarter. IFP Advisors Inc now owns 778 shares of the company’s stock worth $37,000 after purchasing an additional 457 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of WillScot Mobile Mini during the first quarter worth about $46,000. Finally, Fred Alger Management LLC purchased a new stake in shares of WillScot Mobile Mini during the third quarter worth about $49,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Transactions at WillScot Mobile Mini

In other news, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $47.50, for a total value of $3,562,500.00. Following the completion of the transaction, the director now owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $47.50, for a total value of $3,562,500.00. Following the completion of the transaction, the director now owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Bradley Lee Soultz bought 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was bought at an average price of $47.76 per share, with a total value of $238,800.00. Following the acquisition, 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. Company insiders own 3.10% of the company’s stock.

WillScot Mobile Mini Stock Performance

NASDAQ WSC opened at $39.57 on Wednesday. The stock has a market capitalization of $7.52 billion, a PE ratio of 16.98, a P/E/G ratio of 0.93 and a beta of 1.34. The business has a 50 day simple moving average of $46.57 and a two-hundred day simple moving average of $43.39. 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 released its quarterly earnings results on Tuesday, February 20th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The firm 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%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. On average, research analysts predict that WillScot Mobile Mini Holdings Corp. will post 2.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WSC shares. Deutsche Bank Aktiengesellschaft increased their target price 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. Oppenheimer increased their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Wells Fargo & Company increased their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Barclays increased their target price 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. Finally, Stifel Nicolaus cut their target price on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, WillScot Mobile Mini presently has an average rating of “Moderate Buy” and an average target price of $52.38.

WillScot Mobile Mini Company 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.