WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 12.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 388,893 shares of the company’s stock after selling 55,900 shares during the period. Swiss National Bank’s holdings in WillScot Mobile Mini were worth $17,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of WSC. Ameriprise Financial Inc. lifted its position in shares of WillScot Mobile Mini by 11.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,841,154 shares of the company’s stock valued at $284,523,000 after acquiring an additional 692,784 shares during the period. Schonfeld Strategic Advisors LLC grew its holdings in WillScot Mobile Mini by 1,710.4% in the third quarter. Schonfeld Strategic Advisors LLC now owns 721,717 shares of the company’s stock valued at $30,016,000 after purchasing an additional 681,851 shares during the last quarter. Cercano Management LLC purchased a new position in shares of WillScot Mobile Mini in the third quarter valued at $27,701,000. Dendur Capital LP raised its stake in shares of WillScot Mobile Mini by 39.7% during the 3rd quarter. Dendur Capital LP now owns 1,790,281 shares of the company’s stock worth $74,458,000 after buying an additional 509,000 shares during the last quarter. Finally, Comerica Bank grew its stake in WillScot Mobile Mini by 27,261.7% in the 3rd quarter. Comerica Bank now owns 353,787 shares of the company’s stock valued at $14,714,000 after acquiring an additional 352,494 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 13,869 shares in the company, valued at approximately $662,383.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jeffrey Sagansky sold 75,000 shares of the stock in a transaction dated 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 sale, the director now owns 2,420,905 shares in the company, valued at $114,992,987.50. The transaction was disclosed in a legal filing with the SEC, which is available through 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 bought at an average cost of $47.76 per share, for a total transaction of $238,800.00. Following the completion of the transaction, the chief executive officer now directly 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 $40.57 on Friday. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $34.40 and a fifty-two week high of $52.16. The firm’s 50 day moving average is $42.75 and its two-hundred day moving average is $42.99. The company has a market cap of $7.71 billion, a P/E ratio of 25.04, a P/E/G ratio of 0.93 and a beta of 1.36. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 2.63.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The firm had revenue of $587.18 million during the quarter, compared to analyst estimates of $579.98 million. WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.14%. WillScot Mobile Mini’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. Analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.93 EPS for the current year.

Analysts Set New Price Targets

WSC has been the topic of several research reports. Robert W. Baird lowered their price target on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. Wells Fargo & Company raised their price target 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. Jefferies Financial Group lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price objective for the company from $58.00 to $42.00 in a research note on Monday, April 1st. 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 report on Wednesday, February 28th. Finally, Oppenheimer reissued an “outperform” rating and issued a $53.00 price objective (down previously from $60.00) on shares of WillScot Mobile Mini in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $51.00.

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.