UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 243,101 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 26.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 674,244 shares of the company’s stock after selling 243,101 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.36% of WillScot Mobile Mini worth $25,352,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in WillScot Mobile Mini by 5.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,376 shares of the company’s stock worth $1,631,000 after purchasing an additional 2,340 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in WillScot Mobile Mini by 9.6% during the third quarter. The Manufacturers Life Insurance Company now owns 47,437 shares of the company’s stock worth $1,784,000 after buying an additional 4,140 shares during the period. Douglass Winthrop Advisors LLC boosted its stake in WillScot Mobile Mini by 32.4% during the third quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company’s stock worth $6,209,000 after buying an additional 40,393 shares during the period. Fisher Asset Management LLC boosted its stake in WillScot Mobile Mini by 58.3% during the third quarter. Fisher Asset Management LLC now owns 1,043,055 shares of the company’s stock worth $39,219,000 after buying an additional 384,270 shares during the period. Finally, Swedbank AB boosted its stake in 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 buying an additional 2,246,000 shares during the period. Institutional investors own 95.81% of the company’s stock.

Insiders Place Their Bets

In other WillScot Mobile Mini news, CAO Sally J. Shanks sold 14,059 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.69, for a total value of $487,706.71. Following the completion of the transaction, the chief accounting officer now directly owns 26,113 shares in the company, valued at approximately $905,859.97. The trade was a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Hezron T. Lopez sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 57,918 shares of the company’s stock, valued at $2,280,810.84. This represents a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 20,000 shares of company stock worth $728,750. 3.30% of the stock is owned by corporate insiders.

WillScot Mobile Mini Stock Up 4.0 %

Shares of WSC opened at $39.21 on Thursday. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.71 and a 12-month high of $52.16. The firm has a fifty day moving average price of $37.39 and a 200-day moving average price of $38.04. The firm has a market capitalization of $7.24 billion, a P/E ratio of 356.45, a P/E/G ratio of 2.31 and a beta of 1.38. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

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 analysts’ consensus estimates of $0.48 by ($0.10). WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The business had revenue of $601.43 million during the quarter, compared to analysts’ expectations of $617.83 million. During the same period last year, the company earned $0.46 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. Equities research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WSC shares. Robert W. Baird dropped 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 note on Thursday, October 31st. Barclays dropped their price objective on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $45.00.

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.