Avanza Fonder AB Makes New $224,000 Investment in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Avanza Fonder AB purchased a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the fourth quarter, Holdings Channel reports. The fund purchased 6,684 shares of the company’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swedbank AB increased its holdings in shares of WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after buying an additional 2,246,000 shares in the last quarter. Douglas Lane & Associates LLC raised its position in shares of WillScot Mobile Mini by 379.1% during the fourth quarter. Douglas Lane & Associates LLC now owns 997,693 shares of the company’s stock worth $33,373,000 after purchasing an additional 789,445 shares during the period. Nippon Life Global Investors Americas Inc. acquired a new position in shares of WillScot Mobile Mini in the 2nd quarter valued at $23,394,000. Point72 Asset Management L.P. acquired a new position in shares of WillScot Mobile Mini in the 3rd quarter valued at $20,773,000. Finally, Dimensional Fund Advisors LP increased its stake in WillScot Mobile Mini by 18.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,596,990 shares of the company’s stock worth $97,755,000 after purchasing an additional 411,808 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

Insider Buying and Selling at WillScot Mobile Mini

In other news, EVP Hezron T. Lopez sold 20,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Friday, November 8th. The shares were 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 of the company’s stock, valued at $2,280,810.84. This trade represents a 25.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sally J. Shanks sold 14,059 shares of the company’s stock in a transaction on Monday, November 18th. The stock was 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 of the company’s stock, valued at approximately $905,859.97. This represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 15,000 shares of company stock worth $533,900 and have sold 36,959 shares worth $1,382,636. Corporate insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

WSC has been the subject of several recent analyst reports. 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. 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 research note on Friday, November 1st. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Robert W. Baird reduced their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price target for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.50.

WillScot Mobile Mini Trading Up 0.2 %

Shares of NASDAQ WSC opened at $36.64 on Monday. The business has a 50 day simple moving average of $35.74 and a 200 day simple moving average of $37.19. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.57 and a 52 week high of $52.16. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 333.12, a PEG ratio of 1.82 and a beta of 1.40. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). The business had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 earnings per share. On average, research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

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.