WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Bought by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC raised its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 379.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 997,693 shares of the company’s stock after purchasing an additional 789,445 shares during the quarter. Douglas Lane & Associates LLC owned 0.54% of WillScot Mobile Mini worth $33,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new stake in shares of WillScot Mobile Mini in the third quarter worth about $25,000. Hexagon Capital Partners LLC raised its position in shares of WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after acquiring an additional 600 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of WillScot Mobile Mini during the 3rd quarter worth about $36,000. First Horizon Advisors Inc. boosted its stake in shares of WillScot Mobile Mini by 16.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after acquiring an additional 302 shares in the last quarter. Finally, KBC Group NV grew its position in shares of WillScot Mobile Mini by 14.7% during the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock valued at $192,000 after acquiring an additional 655 shares during the period. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Mobile Mini Trading Down 0.3 %

Shares of WSC traded down $0.09 during midday trading on Wednesday, reaching $34.04. The company had a trading volume of 1,093,304 shares, compared to its average volume of 1,183,475. The firm has a 50 day simple moving average of $36.13 and a 200-day simple moving average of $37.34. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The stock has a market cap of $6.29 billion, a PE ratio of 309.48, a price-to-earnings-growth ratio of 2.12 and a beta of 1.40. WillScot Mobile Mini Holdings Corp. has a 1-year low of $32.57 and a 1-year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The firm had revenue of $601.43 million during the quarter, compared to analyst estimates of $617.83 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WSC has been the subject of a number of recent analyst reports. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Robert W. Baird reduced their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Barclays dropped their target price on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price target for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Finally, Baird R W cut WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.50.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, EVP Hezron T. Lopez sold 20,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.38, for a total value of $787,600.00. Following the sale, the executive vice president now directly owns 57,918 shares in the company, valued at $2,280,810.84. This trade represents a 25.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sally J. Shanks sold 14,059 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.69, for a total value of $487,706.71. Following the transaction, the chief accounting officer now directly owns 26,113 shares of the company’s stock, valued at approximately $905,859.97. This represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 15,000 shares of company stock worth $533,900 and sold 36,959 shares worth $1,382,636. Company insiders own 3.30% of the company’s stock.

About WillScot Mobile Mini

WillScot Holdings Corporation 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.