Raymond James Financial Services Advisors Inc. Sells 294 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Raymond James Financial Services Advisors Inc. lowered its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,357 shares of the company’s stock after selling 294 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in WillScot Mobile Mini were worth $372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Hexagon Capital Partners LLC bought a new position in shares of WillScot Mobile Mini during the 3rd quarter valued at approximately $25,000. IFP Advisors Inc increased its position in WillScot Mobile Mini by 142.4% during the second quarter. IFP Advisors Inc now owns 778 shares of the company’s stock valued at $37,000 after acquiring an additional 457 shares during the last quarter. Quantbot Technologies LP bought a new position in WillScot Mobile Mini during the first quarter valued at $46,000. Fred Alger Management LLC purchased a new stake in shares of WillScot Mobile Mini in the third quarter valued at $49,000. Finally, CWM LLC lifted its holdings in shares of WillScot Mobile Mini by 65.5% in the 3rd quarter. CWM LLC now owns 1,291 shares of the company’s stock worth $54,000 after acquiring an additional 511 shares during the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $47.76 per share, for a total transaction of $238,800.00. Following the acquisition, the chief executive officer now owns 13,869 shares of the company’s stock, valued at approximately $662,383.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other WillScot Mobile Mini news, Director Jeffrey Sagansky sold 75,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 2,420,905 shares in the company, valued at $114,992,987.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was purchased at an average cost of $47.76 per share, for a total transaction 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 approximately $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 Price Performance

Shares of WSC stock opened at $38.46 on Monday. WillScot Mobile Mini Holdings Corp. has a twelve month low of $34.40 and a twelve 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 has a fifty day simple moving average of $45.80 and a two-hundred day simple moving average of $43.34. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 0.91 and a beta of 1.34.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data 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 business had revenue of $612.38 million during the quarter, compared to analysts’ expectations of $619.63 million. During the same period last year, the company earned $0.46 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. On average, analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Jefferies Financial Group downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price target for the company from $58.00 to $42.00 in a report on Monday, April 1st. Morgan Stanley initiated coverage on WillScot Mobile Mini in a report on Monday, January 8th. They issued an “equal weight” rating and a $45.00 price target on the stock. Stifel Nicolaus dropped their price objective on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, April 4th. 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 note on Tuesday, January 30th. Finally, Oppenheimer boosted 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 note on Friday, January 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, WillScot Mobile Mini currently has an average rating of “Moderate Buy” and a consensus target price of $52.38.

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.