WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by TCW Group Inc.

TCW Group Inc. lowered its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 72.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,673 shares of the company’s stock after selling 101,992 shares during the period. TCW Group Inc.’s holdings in WillScot Mobile Mini were worth $1,454,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC lifted its holdings in WillScot Mobile Mini by 46.6% in the third quarter. TD Private Client Wealth LLC now owns 10,411 shares of the company’s stock valued at $391,000 after acquiring an additional 3,308 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of WillScot Mobile Mini by 15.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 47,166 shares of the company’s stock valued at $1,773,000 after purchasing an additional 6,286 shares in the last quarter. First Sabrepoint Capital Management LP lifted its stake in shares of WillScot Mobile Mini by 17.5% in the third quarter. First Sabrepoint Capital Management LP now owns 238,143 shares of the company’s stock valued at $8,954,000 after purchasing an additional 35,492 shares during the period. M&T Bank Corp boosted its holdings in WillScot Mobile Mini by 17.5% during the third quarter. M&T Bank Corp now owns 14,804 shares of the company’s stock worth $556,000 after buying an additional 2,206 shares in the last quarter. Finally, Barclays PLC grew its position in WillScot Mobile Mini by 770.3% during the third quarter. Barclays PLC now owns 353,485 shares of the company’s stock worth $13,292,000 after buying an additional 312,867 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, CAO Sally J. Shanks sold 14,059 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.69, for a total transaction of $487,706.71. Following the transaction, the chief accounting officer now owns 26,113 shares of the company’s stock, valued at $905,859.97. This trade represents a 35.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were bought at an average cost of $38.97 per share, with a total value of $194,850.00. Following the completion of the purchase, the chief executive officer now directly owns 149,686 shares in the company, valued at approximately $5,833,263.42. This trade represents a 3.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 20,000 shares of company stock worth $728,750. Insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Baird R W lowered WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Barclays dropped their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, WillScot Mobile Mini has a consensus rating of “Hold” and an average price target of $45.00.

WillScot Mobile Mini Stock Down 1.4 %

WSC opened at $35.86 on Friday. The business’s fifty day simple moving average is $37.35 and its 200 day simple moving average is $37.94. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.71 and a 52 week high of $52.16. The firm has a market cap of $6.63 billion, a P/E ratio of 326.03, a PEG ratio of 2.20 and a beta of 1.38. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The firm had revenue of $601.43 million for the quarter, compared to analysts’ expectations of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. As a group, equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

WillScot Mobile Mini 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.