WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Stock Holdings Lessened by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC reduced its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 38.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 540,950 shares of the company’s stock after selling 331,790 shares during the period. TimesSquare Capital Management LLC’s holdings in WillScot Mobile Mini were worth $24,072,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Clearbridge Investments LLC lifted its position in WillScot Mobile Mini by 1.3% in the 3rd quarter. Clearbridge Investments LLC now owns 5,609,388 shares of the company’s stock worth $233,294,000 after buying an additional 73,119 shares in the last quarter. Trust Point Inc. acquired a new position in WillScot Mobile Mini in the fourth quarter worth approximately $1,017,000. Citigroup Inc. increased its stake in shares of WillScot Mobile Mini by 233.8% during the 3rd quarter. Citigroup Inc. now owns 88,896 shares of the company’s stock worth $3,697,000 after purchasing an additional 62,262 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of WillScot Mobile Mini by 252.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 65,429 shares of the company’s stock valued at $2,912,000 after purchasing an additional 46,866 shares during the last quarter. Finally, Osborne Partners Capital Management LLC acquired a new position in WillScot Mobile Mini during the fourth quarter worth $6,306,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WSC. Oppenheimer reiterated an “outperform” rating and issued a $53.00 target price (down from $60.00) on shares of WillScot Mobile Mini in a research note on Monday. Barclays increased their price target on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Wells Fargo & Company boosted their price target on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Jefferies Financial Group lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price target for the company from $58.00 to $42.00 in a report on Monday, April 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $51.00.

WillScot Mobile Mini Trading Up 0.4 %

WSC traded up $0.17 during midday trading on Wednesday, reaching $39.34. 1,844,102 shares of the company were exchanged, compared to its average volume of 1,999,620. The stock has a market capitalization of $7.47 billion, a P/E ratio of 24.28, a PEG ratio of 0.93 and a beta of 1.36. The stock’s 50-day simple moving average is $42.89 and its 200 day simple moving average is $43.01. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.89 and a current ratio of 0.97. WillScot Mobile Mini Holdings Corp. has a one year low of $34.40 and a one year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.14%. The firm had revenue of $587.18 million during the quarter, compared to analyst estimates of $579.98 million. During the same period in the prior year, the business posted $0.36 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.93 earnings per share for the current fiscal year.

Insider Buying and Selling at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $47.76 per share, with a total value of $238,800.00. Following the acquisition, the chief executive officer now directly owns 13,869 shares in the company, valued at $662,383.44. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $47.76 per share, with a total value of $238,800.00. Following the acquisition, the chief executive officer now directly owns 13,869 shares in the company, valued at approximately $662,383.44. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini stock in a transaction 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 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. Company insiders own 3.10% of the company’s stock.

About WillScot Mobile Mini

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.