M&T Bank Corp Acquires 2,206 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

M&T Bank Corp raised its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 17.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,804 shares of the company’s stock after acquiring an additional 2,206 shares during the period. M&T Bank Corp’s holdings in WillScot Mobile Mini were worth $556,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in WillScot Mobile Mini during the 3rd quarter worth approximately $25,000. Hexagon Capital Partners LLC boosted its position in shares of WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after purchasing an additional 600 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of WillScot Mobile Mini in the 3rd quarter valued at $36,000. Summit Securities Group LLC acquired a new position in shares of WillScot Mobile Mini in the 2nd quarter valued at $56,000. Finally, CWM LLC raised its stake in WillScot Mobile Mini by 80.3% during the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after buying an additional 728 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the completion of the sale, the insider now owns 72,818 shares in the company, valued at $2,694,994.18. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction, the executive vice president now owns 57,918 shares in the company, 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 purchased 15,000 shares of company stock worth $533,900 and sold 36,959 shares worth $1,382,636. Corporate insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

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

WillScot Mobile Mini Stock Performance

Shares of WSC opened at $36.48 on Wednesday. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 331.64, a PEG ratio of 2.12 and a beta of 1.38. 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 simple moving average of $37.26 and a 200 day simple moving average of $37.84. 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 posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates 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 company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. Research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS 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.