WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Stock Holdings Lessened by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. lessened its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 32.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,720 shares of the company’s stock after selling 14,387 shares during the period. Sumitomo Life Insurance Co.’s holdings in WillScot Mobile Mini were worth $994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of WillScot Mobile Mini during the 3rd quarter worth approximately $25,000. Hexagon Capital Partners LLC boosted 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. bought a new position in WillScot Mobile Mini during the 3rd quarter worth $36,000. First Horizon Advisors Inc. increased its position in WillScot Mobile Mini by 16.4% in the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after buying an additional 302 shares during the period. Finally, KBC Group NV lifted its stake in WillScot Mobile Mini by 14.7% in the third quarter. KBC Group NV now owns 5,110 shares of the company’s stock valued at $192,000 after buying an additional 655 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Robert W. Baird cut their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered 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 report on Thursday, October 31st. Barclays reduced 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. Finally, Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $45.50.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the completion of the sale, the insider now directly owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bradley Lee Soultz bought 5,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was purchased at an average price of $36.38 per share, with a total value of $181,900.00. Following the completion of the acquisition, the chief executive officer now owns 144,686 shares of the company’s stock, valued at approximately $5,263,676.68. This trade represents a 3.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 15,000 shares of company stock valued at $533,900 and have sold 36,959 shares valued at $1,382,636. 3.30% of the stock is owned by corporate insiders.

WillScot Mobile Mini Price Performance

Shares of WillScot Mobile Mini stock opened at $37.20 on Thursday. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.57 and a 52 week high of $52.16. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The stock has a market cap of $6.87 billion, a PE ratio of 338.21, a price-to-earnings-growth ratio of 2.04 and a beta of 1.40. The company’s 50-day moving average price is $36.04 and its two-hundred day moving average price is $37.26.

WillScot Mobile Mini (NASDAQ:WSC) last released its 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 business had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 earnings per share. As a group, sell-side 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.