Simplicity Solutions LLC Trims Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Simplicity Solutions LLC lessened its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sequoia Financial Advisors LLC purchased a new position in shares of WillScot Mobile Mini during the 4th quarter worth approximately $725,000. Yorktown Management & Research Co Inc purchased a new position in shares of WillScot Mobile Mini during the 4th quarter worth approximately $334,000. International Assets Investment Management LLC grew its holdings in shares of WillScot Mobile Mini by 4,397.7% during the 4th quarter. International Assets Investment Management LLC now owns 33,598 shares of the company’s stock worth $1,495,000 after acquiring an additional 32,851 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of WillScot Mobile Mini by 60.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 13,159 shares of the company’s stock worth $586,000 after acquiring an additional 4,950 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in shares of WillScot Mobile Mini by 26.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,005,789 shares of the company’s stock worth $44,758,000 after acquiring an additional 211,180 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Performance

WSC stock opened at $38.46 on Friday. The stock has a market capitalization of $7.31 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 0.90 and a beta of 1.34. WillScot Mobile Mini Holdings Corp. has a 12-month low of $34.40 and a 12-month high of $52.16. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 2.81. The stock’s 50 day simple moving average is $45.80 and its 200 day simple moving average is $43.30.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. As a group, research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WSC shares. Wells Fargo & Company upped their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft boosted their price target 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. Barclays boosted their price target 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. Stifel Nicolaus dropped their price target on 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. Finally, Jefferies Financial Group cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price target for the stock from $58.00 to $42.00 in a research report on Monday, April 1st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.38.

Insider Buying and Selling at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz bought 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $47.76 per share, for a total transaction 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 filing with the SEC, which is available through this link. In other WillScot Mobile Mini news, Director Jeffrey Sagansky sold 75,000 shares of the business’s stock in a transaction 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 completion of the sale, 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 document filed with the SEC, which is available through this link. Also, CEO Bradley Lee Soultz bought 5,000 shares of the firm’s 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 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. Company 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.