Cary Street Partners Investment Advisory LLC Grows Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Cary Street Partners Investment Advisory LLC increased its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,417 shares of the company’s stock after buying an additional 275 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in WillScot Mobile Mini were worth $344,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System increased its stake in WillScot Mobile Mini by 0.3% during the third quarter. State Board of Administration of Florida Retirement System now owns 109,877 shares of the company’s stock valued at $4,570,000 after purchasing an additional 290 shares during the last quarter. Pathstone Family Office LLC raised its stake in WillScot Mobile Mini by 5.6% during the third quarter. Pathstone Family Office LLC now owns 5,933 shares of the company’s stock worth $247,000 after acquiring an additional 315 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in WillScot Mobile Mini by 8.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,574 shares of the company’s stock worth $232,000 after acquiring an additional 422 shares during the last quarter. Steph & Co. boosted its stake in WillScot Mobile Mini by 4.5% in the third quarter. Steph & Co. now owns 10,296 shares of the company’s stock valued at $428,000 after acquiring an additional 443 shares during the period. Finally, CWM LLC grew its holdings in shares of WillScot Mobile Mini by 65.5% during the third quarter. CWM LLC now owns 1,291 shares of the company’s stock valued at $54,000 after purchasing an additional 511 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Oppenheimer raised their price target on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Wells Fargo & Company upped their price target on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Robert W. Baird decreased their price objective on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Morgan Stanley initiated coverage on shares of WillScot Mobile Mini in a research report on Monday, January 8th. They issued an “equal weight” rating and a $45.00 target price for the company. Finally, Jefferies Financial Group lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price target for the stock from $58.00 to $42.00 in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $51.13.

WillScot Mobile Mini Stock Performance

NASDAQ:WSC opened at $36.61 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 2.81. The company has a 50-day moving average of $43.85 and a 200-day moving average of $43.10. WillScot Mobile Mini Holdings Corp. has a twelve month low of $34.40 and a twelve month high of $52.16. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 0.87 and a beta of 1.36.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.09). The company had revenue of $612.38 million during the quarter, compared to the consensus estimate of $619.63 million. WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. WillScot Mobile Mini’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 EPS. Analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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 transaction of $3,562,500.00. Following the transaction, the director now owns 2,420,905 shares in the company, valued at $114,992,987.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Bradley Lee Soultz bought 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was bought at an average price of $47.76 per share, with a total value of $238,800.00. Following the purchase, the chief executive officer now directly owns 13,869 shares of the company’s stock, valued at approximately $662,383.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey Sagansky sold 75,000 shares of the business’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 completion of the transaction, the director now owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

WillScot Mobile Mini Company 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.