Xponance Inc. Cuts Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Xponance Inc. lessened its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,489 shares of the company’s stock after selling 828 shares during the period. Xponance Inc.’s holdings in WillScot Mobile Mini were worth $511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WSC. State Board of Administration of Florida Retirement System boosted its stake in WillScot Mobile Mini by 0.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 109,877 shares of the company’s stock worth $4,570,000 after purchasing an additional 290 shares in the last quarter. Pathstone Family Office LLC raised its holdings in shares of WillScot Mobile Mini by 5.6% in the third quarter. Pathstone Family Office LLC now owns 5,933 shares of the company’s stock worth $247,000 after buying an additional 315 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of WillScot Mobile Mini by 8.2% during the third 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 period. Steph & Co. grew its holdings in shares of WillScot Mobile Mini by 4.5% during the third quarter. Steph & Co. now owns 10,296 shares of the company’s stock valued at $428,000 after buying an additional 443 shares during the last quarter. Finally, CWM LLC increased its position in shares of WillScot Mobile Mini by 65.5% in the 3rd quarter. CWM LLC now owns 1,291 shares of the company’s stock valued at $54,000 after acquiring an additional 511 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Up 2.0 %

WillScot Mobile Mini stock opened at $38.72 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 2.81. The firm has a market cap of $7.36 billion, a PE ratio of 16.62, a P/E/G ratio of 0.90 and a beta of 1.34. The stock’s 50 day simple moving average is $44.57 and its two-hundred day simple moving average is $43.20. WillScot Mobile Mini Holdings Corp. has a 12 month low of $34.40 and a 12 month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). The firm had revenue of $612.38 million for the quarter, compared to analyst estimates of $619.63 million. WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. Analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.98 earnings per share for the current year.

Insider Activity

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Jefferies Financial Group cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price target for the stock from $58.00 to $42.00 in a research report on Monday, April 1st. Oppenheimer lifted their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Barclays increased their price target on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Robert W. Baird reduced their price target on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, WillScot Mobile Mini currently has an average rating of “Moderate Buy” and a consensus price target 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.