Generate Investment Management Ltd Has $21.49 Million Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Generate Investment Management Ltd lessened its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 41.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 642,406 shares of the company’s stock after selling 448,965 shares during the quarter. WillScot Mobile Mini comprises approximately 1.5% of Generate Investment Management Ltd’s investment portfolio, making the stock its 21st biggest holding. Generate Investment Management Ltd’s holdings in WillScot Mobile Mini were worth $21,488,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in WillScot Mobile Mini in the third quarter valued at about $25,000. Hexagon Capital Partners LLC lifted its position in WillScot Mobile Mini by 200.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after purchasing an additional 600 shares during the period. Financial Management Professionals Inc. acquired a new position in WillScot Mobile Mini during the 3rd quarter valued at about $36,000. First Horizon Advisors Inc. boosted its stake in shares of WillScot Mobile Mini by 16.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after purchasing an additional 302 shares during the last quarter. Finally, KBC Group NV grew its position in shares of WillScot Mobile Mini by 14.7% during the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after buying an additional 655 shares during the period. 95.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Graeme Parkes sold 2,900 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the completion of the transaction, the insider now owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sally J. Shanks sold 14,059 shares of the business’s stock in a transaction dated 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 in the company, valued at $905,859.97. This trade represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.30% of the stock is owned by corporate insiders.

WillScot Mobile Mini Price Performance

WSC stock opened at $37.07 on Friday. The stock has a 50-day moving average price of $35.96 and a two-hundred day moving average price of $37.12. WillScot Mobile Mini Holdings Corp. has a 1 year low of $32.57 and a 1 year high of $52.16. The stock has a market cap of $6.85 billion, a PE ratio of 337.03, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WSC shares. Barclays reduced their price objective on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Robert W. Baird reduced their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Finally, Baird R W cut WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Five research 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 presently has an average rating of “Moderate Buy” and a consensus price target of $45.50.

WillScot Mobile Mini Company Profile

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.