SG Americas Securities LLC Sells 5,965 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

SG Americas Securities LLC lessened its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 66.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,061 shares of the company’s stock after selling 5,965 shares during the period. SG Americas Securities LLC’s holdings in WillScot Mobile Mini were worth $136,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in WillScot Mobile Mini by 0.3% during the 1st quarter. BlackRock Inc. now owns 13,063,718 shares of the company’s stock worth $612,427,000 after purchasing an additional 41,400 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in WillScot Mobile Mini by 11.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,841,154 shares of the company’s stock worth $284,523,000 after purchasing an additional 692,784 shares in the last quarter. Clearbridge Investments LLC increased its holdings in WillScot Mobile Mini by 5.2% during the 1st quarter. Clearbridge Investments LLC now owns 6,426,334 shares of the company’s stock worth $251,462,000 after purchasing an additional 316,845 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in WillScot Mobile Mini by 47.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,313,445 shares of the company’s stock worth $295,975,000 after purchasing an additional 2,020,576 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in WillScot Mobile Mini by 37.3% during the 1st quarter. Invesco Ltd. now owns 4,749,059 shares of the company’s stock worth $185,829,000 after purchasing an additional 1,290,938 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Down 2.2 %

NASDAQ WSC opened at $38.70 on Thursday. The stock’s 50-day simple moving average is $46.33 and its two-hundred day simple moving average is $43.35. WillScot Mobile Mini Holdings Corp. has a twelve month low of $34.40 and a twelve month high of $52.16. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 2.81. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 0.93 and a beta of 1.34.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results 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). WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. The firm had revenue of $612.38 million for the quarter, compared to analysts’ expectations of $619.63 million. During the same quarter in the previous year, the business earned $0.46 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WSC shares. Oppenheimer boosted their price objective on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Stifel Nicolaus dropped their target price on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, April 4th. Morgan Stanley assumed coverage on WillScot Mobile Mini in a research report on Monday, January 8th. They set an “equal weight” rating and a $45.00 target price on the stock. 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 research report on Tuesday, January 30th. Finally, Jefferies Financial Group downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $58.00 to $42.00 in a research report on Monday, April 1st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.38.

Insider Buying and Selling at WillScot Mobile Mini

In other news, Director Jeffrey Sagansky sold 75,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the transaction, the director now directly owns 2,420,905 shares of the company’s stock, valued at $114,992,987.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini stock in a transaction dated 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 completion of the purchase, the chief executive officer now owns 13,869 shares of the company’s stock, valued at $662,383.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey Sagansky sold 75,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were 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 in the company, valued at $114,992,987.50. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

WillScot Mobile Mini Profile

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.