Ingalls & Snyder LLC Sells 379 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Ingalls & Snyder LLC reduced its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,389 shares of the company’s stock after selling 379 shares during the period. Ingalls & Snyder LLC’s holdings in WillScot Mobile Mini were worth $729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Clearbridge Investments LLC boosted its holdings in shares of WillScot Mobile Mini by 2.6% during the 2nd quarter. Clearbridge Investments LLC now owns 5,887,128 shares of the company’s stock valued at $221,591,000 after acquiring an additional 148,973 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of WillScot Mobile Mini by 102.9% during the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after purchasing an additional 2,355,445 shares in the last quarter. Swedbank AB grew its holdings in shares of WillScot Mobile Mini by 229.2% during the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after purchasing an additional 2,246,000 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of WillScot Mobile Mini by 18.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,596,990 shares of the company’s stock worth $97,755,000 after purchasing an additional 411,808 shares during the last quarter. Finally, Baupost Group LLC MA acquired a new position in shares of WillScot Mobile Mini in the second quarter valued at approximately $92,971,000. 95.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average cost of $38.97 per share, with a total value of $194,850.00. Following the transaction, the chief executive officer now directly owns 149,686 shares of the company’s stock, valued at approximately $5,833,263.42. The trade was a 3.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Hezron T. Lopez sold 20,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have bought a total of 20,000 shares of company stock valued at $728,750 in the last 90 days. 3.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WSC. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Robert W. Baird reduced their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Barclays decreased their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their target price for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $45.00.

WillScot Mobile Mini Trading Down 1.3 %

NASDAQ WSC opened at $37.70 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.71 and a 52 week high of $52.16. The business has a 50 day moving average price of $37.40 and a 200-day moving average price of $38.03. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 342.76, a P/E/G ratio of 2.31 and a beta of 1.38.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data 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). The business had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 EPS. As a group, equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

WillScot Mobile Mini Company Profile

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.