Trust Point Inc. Has $505,000 Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Trust Point Inc. trimmed its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 40.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,086 shares of the company’s stock after selling 10,442 shares during the quarter. Trust Point Inc.’s holdings in WillScot Mobile Mini were worth $505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Horizon Advisors Inc. lifted 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 period. Hexagon Capital Partners LLC raised its stake in WillScot Mobile Mini by 200.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after buying an additional 600 shares during the period. KBC Group NV raised its stake in 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. V Square Quantitative Management LLC acquired a new position in WillScot Mobile Mini during the 3rd quarter worth approximately $25,000. Finally, Sumitomo Life Insurance Co. raised its stake in WillScot Mobile Mini by 1.9% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 44,107 shares of the company’s stock worth $1,658,000 after buying an additional 824 shares during the period. 95.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, November 14th. The stock was bought at an average cost of $35.41 per share, with a total value of $177,050.00. Following the completion of the acquisition, the chief executive officer now directly owns 144,686 shares in the company, valued at approximately $5,123,331.26. The trade was a 3.58 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Hezron T. Lopez sold 20,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.38, for a total value of $787,600.00. Following the transaction, the executive vice president now directly owns 57,918 shares of the company’s stock, valued at approximately $2,280,810.84. This trade represents a 25.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,959 shares of company stock valued at $1,382,636 over the last three months. Corporate insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on WSC. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price target for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Robert W. Baird dropped their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Barclays dropped their price target on 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. Finally, Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.50.

WillScot Mobile Mini Stock Performance

Shares of WillScot Mobile Mini stock opened at $35.88 on Thursday. The company has a market cap of $6.63 billion, a PE ratio of 326.21, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The business has a 50 day moving average price of $36.01 and a 200-day moving average price of $37.12. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.57 and a 52 week high of $52.16.

About WillScot Mobile Mini

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.