Sumitomo Mitsui DS Asset Management Company Ltd Trims Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,824 shares of the company’s stock after selling 3,035 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 0.05% of WillScot Mobile Mini worth $4,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hexagon Capital Partners LLC bought a new position in shares of WillScot Mobile Mini during the 3rd quarter valued at about $25,000. Bourgeon Capital Management LLC increased its position in WillScot Mobile Mini by 1,063.6% in the fourth quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock worth $28,000 after purchasing an additional 585 shares during the last quarter. CWM LLC raised its stake in WillScot Mobile Mini by 65.5% during the third quarter. CWM LLC now owns 1,291 shares of the company’s stock valued at $54,000 after purchasing an additional 511 shares in the last quarter. PFG Advisors bought a new position in WillScot Mobile Mini during the fourth quarter valued at $206,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of WillScot Mobile Mini by 8.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,574 shares of the company’s stock worth $232,000 after buying an additional 422 shares during the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Trading Down 1.2 %

Shares of NASDAQ WSC opened at $38.01 on Tuesday. The business has a fifty day moving average price of $45.53 and a 200 day moving average price of $43.32. WillScot Mobile Mini Holdings Corp. has a 1-year low of $34.40 and a 1-year high of $52.16. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.01 and a quick ratio of 0.93. The stock has a market capitalization of $7.22 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 0.91 and a beta of 1.34.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. The firm had revenue of $612.38 million during the quarter, compared to analysts’ expectations of $619.63 million. During the same period in the previous year, the firm earned $0.46 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.98 EPS for the current fiscal year.

Insider Activity at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $47.76 per share, for a total transaction of $238,800.00. Following the purchase, the chief executive officer now owns 13,869 shares of the company’s stock, valued at approximately $662,383.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jeffrey Sagansky sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $47.50, for a total value of $3,562,500.00. Following the sale, the director now owns 2,420,905 shares in the company, valued at $114,992,987.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction on Monday, March 4th. The shares were acquired at an average cost of $47.76 per share, with a total value of $238,800.00. Following the completion of the transaction, the chief executive officer now directly owns 13,869 shares in the company, valued at approximately $662,383.44. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley assumed coverage on WillScot Mobile Mini in a research note on Monday, January 8th. They set an “equal weight” rating and a $45.00 price objective on the stock. Oppenheimer lifted their price objective on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Jefferies Financial Group lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $58.00 to $42.00 in a research report on Monday, April 1st. Finally, Barclays increased their price target on WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.13.

WillScot Mobile Mini Profile

WillScot Mobile Mini Holdings Corp. 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.