Riverbridge Partners LLC Sells 88,073 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Riverbridge Partners LLC decreased its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 7.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,029,239 shares of the company’s stock after selling 88,073 shares during the quarter. Riverbridge Partners LLC owned approximately 0.56% of WillScot Mobile Mini worth $34,428,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Avanza Fonder AB purchased a new stake in shares of WillScot Mobile Mini during the fourth quarter worth $224,000. Legacy Wealth Asset Management LLC grew its holdings in WillScot Mobile Mini by 33.8% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 15,456 shares of the company’s stock valued at $517,000 after buying an additional 3,905 shares in the last quarter. Rockingstone Advisors LLC increased its position in shares of WillScot Mobile Mini by 7.5% during the fourth quarter. Rockingstone Advisors LLC now owns 29,515 shares of the company’s stock valued at $987,000 after buying an additional 2,070 shares during the period. Reinhart Partners LLC. lifted its stake in WillScot Mobile Mini by 2.6% in the 4th quarter. Reinhart Partners LLC. now owns 289,010 shares of the company’s stock worth $9,667,000 after purchasing an additional 7,425 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in WillScot Mobile Mini by 3.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 83,500 shares of the company’s stock valued at $2,793,000 after purchasing an additional 2,597 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Barclays decreased their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Baird R W cut 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 cut their price target on shares of 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.50.

WillScot Mobile Mini Price Performance

WSC stock opened at $39.18 on Thursday. The firm has a 50-day moving average of $35.73 and a 200 day moving average of $37.21. 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 company has a market cap of $7.24 billion, a P/E ratio of 356.21, a PEG ratio of 2.00 and a beta of 1.40. WillScot Mobile Mini Holdings Corp. has a 1 year low of $32.57 and a 1 year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results 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 business had revenue of $601.43 million during the quarter, compared to analysts’ expectations of $617.83 million. During the same period in the prior year, the company earned $0.46 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Insiders Place Their Bets

In related news, insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sally J. Shanks sold 14,059 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.69, for a total transaction of $487,706.71. Following the sale, the chief accounting officer now directly owns 26,113 shares in the company, valued at approximately $905,859.97. The trade was a 35.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 15,000 shares of company stock valued at $533,900 and have sold 36,959 shares valued at $1,382,636. Corporate insiders own 3.30% of the company’s stock.

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.