Riverbridge Partners LLC Trims Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Riverbridge Partners LLC decreased its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 7.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,029,239 shares of the company’s stock after selling 88,073 shares during the quarter. Riverbridge Partners LLC’s holdings in WillScot Mobile Mini were worth $34,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in WSC. Dimensional Fund Advisors LP raised its position in WillScot Mobile Mini by 18.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,596,990 shares of the company’s stock worth $97,755,000 after acquiring an additional 411,808 shares during the period. Amalgamated Bank lifted its position in WillScot Mobile Mini by 127.1% during the second quarter. Amalgamated Bank now owns 26,677 shares of the company’s stock valued at $1,004,000 after purchasing an additional 14,928 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in WillScot Mobile Mini by 11.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company’s stock valued at $228,000 after purchasing an additional 624 shares during the period. Hsbc Holdings PLC increased its position in WillScot Mobile Mini by 67.3% in the second quarter. Hsbc Holdings PLC now owns 57,604 shares of the company’s stock worth $2,205,000 after buying an additional 23,166 shares in the last quarter. Finally, AE Wealth Management LLC purchased a new position in shares of WillScot Mobile Mini during the 2nd quarter valued at about $687,000. 95.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average price of $36.38 per share, for a total transaction of $181,900.00. Following the acquisition, the chief executive officer now directly owns 144,686 shares of the company’s stock, valued at $5,263,676.68. This represents a 3.58 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sally J. Shanks sold 14,059 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the transaction, the chief accounting officer now directly owns 26,113 shares in the company, valued at approximately $905,859.97. This trade represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 15,000 shares of company stock valued at $533,900 and sold 36,959 shares valued at $1,382,636. 3.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WSC. Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Barclays lowered 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 report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their target price for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, 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 report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.50.

WillScot Mobile Mini Stock Up 1.6 %

NASDAQ WSC opened at $39.18 on Thursday. The company has a fifty day moving average of $35.73 and a two-hundred day moving average of $37.21. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 356.21, a PEG ratio of 2.00 and a beta of 1.40. 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 $32.57 and a 52 week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last posted 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 firm 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 business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

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.