Cambiar Investors LLC Sells 56,837 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Cambiar Investors LLC lowered its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 19.0% during the fourth quarter, Holdings Channel reports. The firm owned 241,605 shares of the company’s stock after selling 56,837 shares during the period. Cambiar Investors LLC’s holdings in WillScot Mobile Mini were worth $8,082,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WSC. Swedbank AB grew its position in WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after acquiring an additional 2,246,000 shares during the last quarter. Douglas Lane & Associates LLC grew its position in WillScot Mobile Mini by 379.1% in the fourth quarter. Douglas Lane & Associates LLC now owns 997,693 shares of the company’s stock valued at $33,373,000 after acquiring an additional 789,445 shares during the last quarter. Point72 Asset Management L.P. bought a new position in WillScot Mobile Mini in the third quarter valued at about $20,773,000. Fisher Asset Management LLC grew its position in WillScot Mobile Mini by 58.3% in the third quarter. Fisher Asset Management LLC now owns 1,043,055 shares of the company’s stock valued at $39,219,000 after acquiring an additional 384,270 shares during the last quarter. Finally, Barclays PLC grew its position in WillScot Mobile Mini by 770.3% in the third quarter. Barclays PLC now owns 353,485 shares of the company’s stock valued at $13,292,000 after acquiring an additional 312,867 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

Insider Buying and Selling

In other WillScot Mobile Mini news, CAO Sally J. Shanks sold 14,059 shares of the business’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 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. The trade was a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Graeme Parkes sold 2,900 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 72,818 shares in the company, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock opened at $37.70 on Tuesday. The stock’s 50 day moving average is $35.92 and its 200 day moving average is $37.02. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The firm has a market cap of $6.97 billion, a P/E ratio of 342.76, a P/E/G ratio of 1.93 and a beta of 1.41. WillScot Mobile Mini Holdings Corp. has a one year low of $32.57 and a one year high of $52.16.

Wall Street Analyst Weigh In

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

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.