Covestor Ltd Reduces Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Covestor Ltd reduced its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 67.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,337 shares of the company’s stock after selling 2,727 shares during the period. Covestor Ltd’s holdings in WillScot Mobile Mini were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in WillScot Mobile Mini during the third quarter worth about $25,000. Hexagon Capital Partners LLC grew its position in WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after acquiring an additional 600 shares during the period. Financial Management Professionals Inc. acquired a new stake in WillScot Mobile Mini during the third quarter worth $36,000. Summit Securities Group LLC acquired a new position in WillScot Mobile Mini in the second quarter valued at about $56,000. Finally, CWM LLC increased its position in shares of WillScot Mobile Mini by 80.3% during the second quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $62,000 after acquiring an additional 728 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WSC has been the subject of a number of research analyst reports. Oppenheimer lowered their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus dropped their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. DA Davidson decreased their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Barclays dropped their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Finally, Baird R W cut shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, WillScot Mobile Mini currently has a consensus rating of “Hold” and a consensus price target of $45.00.

WillScot Mobile Mini Stock Down 5.4 %

Shares of WillScot Mobile Mini stock opened at $34.98 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 52-week low of $32.71 and a 52-week high of $52.16. The company has a market capitalization of $6.46 billion, a P/E ratio of 328.48, a P/E/G ratio of 2.28 and a beta of 1.37. The company has a 50 day moving average of $37.97 and a 200 day moving average of $38.26.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 EPS 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 firm had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average price of $38.97 per share, with a total value of $194,850.00. Following the completion of the acquisition, the chief executive officer now owns 149,686 shares in the company, valued at $5,833,263.42. This trade represents a 3.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Hezron T. Lopez sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.38, for a total value of $787,600.00. Following the transaction, the executive vice president now owns 57,918 shares in the company, valued at $2,280,810.84. This represents a 25.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have purchased 15,000 shares of company stock worth $553,800 over the last three months. Insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Company 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.