SG Americas Securities LLC Decreases Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

SG Americas Securities LLC lowered its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 66.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,061 shares of the company’s stock after selling 5,965 shares during the quarter. SG Americas Securities LLC’s holdings in WillScot Mobile Mini were worth $136,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of WSC. Price T Rowe Associates Inc. MD lifted its stake in WillScot Mobile Mini by 47.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,313,445 shares of the company’s stock worth $295,975,000 after purchasing an additional 2,020,576 shares in the last quarter. Norges Bank purchased a new stake in shares of WillScot Mobile Mini during the 4th quarter valued at about $91,015,000. Invesco Ltd. raised its position in shares of WillScot Mobile Mini by 37.3% during the 1st quarter. Invesco Ltd. now owns 4,749,059 shares of the company’s stock valued at $185,829,000 after buying an additional 1,290,938 shares in the last quarter. Millennium Management LLC raised its position in shares of WillScot Mobile Mini by 157.5% during the 4th quarter. Millennium Management LLC now owns 1,570,491 shares of the company’s stock valued at $70,939,000 after buying an additional 960,497 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of WillScot Mobile Mini by 61.3% during the 1st quarter. Macquarie Group Ltd. now owns 2,346,516 shares of the company’s stock valued at $110,007,000 after buying an additional 891,645 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock opened at $38.70 on Thursday. 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 market capitalization of $7.35 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34. The company’s 50-day moving average is $46.33 and its 200 day moving average is $43.35.

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

Insiders Place Their Bets

In other WillScot Mobile Mini news, Director Jeffrey Sagansky sold 75,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $47.50, for a total value of $3,562,500.00. Following the transaction, the director now directly owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of the company’s stock in a transaction dated 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 $662,383.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction, the director now owns 2,420,905 shares in the company, valued at $114,992,987.50. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

WSC has been the topic of several recent research reports. Barclays upped their target price on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Stifel Nicolaus decreased their target price 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Oppenheimer upped their target price on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Finally, Wells Fargo & Company increased their price objective on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.38.

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.