Nisa Investment Advisors LLC Purchases 4,950 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Nisa Investment Advisors LLC lifted its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 60.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,159 shares of the company’s stock after acquiring an additional 4,950 shares during the quarter. Nisa Investment Advisors LLC’s holdings in WillScot Mobile Mini were worth $586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WSC. Hexagon Capital Partners LLC bought a new position in WillScot Mobile Mini in the 3rd quarter worth about $25,000. International Assets Investment Management LLC bought a new position in WillScot Mobile Mini in the 3rd quarter worth about $31,000. IFP Advisors Inc boosted its stake in WillScot Mobile Mini by 142.4% in the 2nd quarter. IFP Advisors Inc now owns 778 shares of the company’s stock worth $37,000 after purchasing an additional 457 shares during the period. Quantbot Technologies LP bought a new position in WillScot Mobile Mini in the 1st quarter worth about $46,000. Finally, Fred Alger Management LLC bought a new position in WillScot Mobile Mini in the 3rd quarter worth about $49,000. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ WSC opened at $39.57 on Wednesday. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 0.93 and a beta of 1.34. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 2.81. WillScot Mobile Mini Holdings Corp. has a 1-year low of $34.40 and a 1-year high of $52.16. The stock’s 50-day moving average is $46.57 and its 200 day moving average is $43.39.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The firm had revenue of $612.38 million for the quarter, compared to analysts’ expectations of $619.63 million. WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. On average, sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 2.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on WSC shares. Jefferies Financial Group downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their target price for the stock from $58.00 to $42.00 in a research note on Monday, April 1st. Barclays raised their target price on WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Oppenheimer lifted their price target on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Deutsche Bank Aktiengesellschaft lifted their price target on WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Wells Fargo & Company lifted their price target on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.38.

Insider Activity at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were bought 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 owns 13,869 shares in the company, valued at approximately $662,383.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other WillScot Mobile Mini news, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini stock in a transaction that occurred 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 transaction, the director now directly owns 2,420,905 shares of the company’s stock, valued at approximately $114,992,987.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $47.76 per share, for a total transaction of $238,800.00. Following the completion of the purchase, the chief executive officer now directly owns 13,869 shares in the company, valued at $662,383.44. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by insiders.

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.