Norden Group LLC Sells 2,389 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Norden Group LLC decreased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 29.7% during the 4th quarter, Holdings Channel reports. The firm owned 5,668 shares of the company’s stock after selling 2,389 shares during the quarter. Norden Group LLC’s holdings in WillScot Mobile Mini were worth $252,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Clearbridge Investments LLC raised its holdings in shares of WillScot Mobile Mini by 1.3% during the third quarter. Clearbridge Investments LLC now owns 5,609,388 shares of the company’s stock valued at $233,294,000 after purchasing an additional 73,119 shares during the period. Trust Point Inc. acquired a new position in WillScot Mobile Mini during the 4th quarter worth approximately $1,017,000. Citigroup Inc. grew its stake in WillScot Mobile Mini by 233.8% in the third quarter. Citigroup Inc. now owns 88,896 shares of the company’s stock valued at $3,697,000 after acquiring an additional 62,262 shares during the period. Assenagon Asset Management S.A. grew its stake in WillScot Mobile Mini by 252.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 65,429 shares of the company’s stock valued at $2,912,000 after acquiring an additional 46,866 shares during the period. Finally, Osborne Partners Capital Management LLC bought a new stake in shares of WillScot Mobile Mini during the fourth quarter valued at approximately $6,306,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insider Transactions at WillScot Mobile Mini

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

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC opened at $36.61 on Thursday. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.93 and a current ratio of 1.01. The business has a 50-day simple moving average of $43.85 and a two-hundred day simple moving average of $43.10. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $34.40 and a fifty-two week 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 data on Tuesday, February 20th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. The company had revenue of $612.38 million during the quarter, compared to the consensus estimate of $619.63 million. During the same period last year, the business earned $0.46 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. On average, analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.98 earnings per share for the current year.

Analyst Ratings Changes

WSC has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Barclays lifted their target price on WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Jefferies Financial Group lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price objective for the company from $58.00 to $42.00 in a research note on Monday, April 1st. Stifel Nicolaus cut their target price on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, April 4th. Finally, Wells Fargo & Company upped their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.13.

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.