Stephens Inc. AR Purchases 1,222 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Stephens Inc. AR boosted its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 23.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,544 shares of the company’s stock after acquiring an additional 1,222 shares during the quarter. Stephens Inc. AR’s holdings in WillScot Mobile Mini were worth $219,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of WillScot Mobile Mini in the third quarter valued at about $25,000. Financial Management Professionals Inc. bought a new stake in shares of WillScot Mobile Mini in the third quarter worth about $36,000. First Horizon Advisors Inc. increased its holdings in WillScot Mobile Mini by 16.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after purchasing an additional 302 shares during the period. KBC Group NV raised its position in WillScot Mobile Mini by 14.7% during the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock valued at $192,000 after purchasing an additional 655 shares during the last quarter. Finally, Avanza Fonder AB purchased a new stake in WillScot Mobile Mini in the 4th quarter worth approximately $224,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WSC. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Barclays decreased their price objective on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Robert W. Baird cut their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock 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 research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

Insider Buying and Selling at WillScot Mobile Mini

In related news, insider Graeme Parkes sold 2,900 shares of the firm’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 transaction of $107,329.00. Following the completion of the sale, the insider now owns 72,818 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerard E. Holthaus acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average price of $34.99 per share, with a total value of $174,950.00. Following the completion of the acquisition, the director now owns 411,221 shares in the company, valued at $14,388,622.79. The trade was a 1.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.30% of the stock is owned by company insiders.

WillScot Mobile Mini Stock Performance

Shares of WSC opened at $38.02 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The stock has a market cap of $7.02 billion, a P/E ratio of 345.67, a P/E/G ratio of 1.93 and a beta of 1.41. The business’s 50 day moving average price is $35.84 and its 200-day moving average price is $36.89. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.57 and a 52 week high of $50.81.

WillScot Mobile Mini 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.