Stephens Inc. AR Acquires 1,222 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Stephens Inc. AR lifted its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 23.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,544 shares of the company’s stock after acquiring an additional 1,222 shares during the quarter. Stephens Inc. AR’s holdings in WillScot Mobile Mini were worth $219,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake 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 valued at $80,000 after acquiring an additional 302 shares during the last quarter. KBC Group NV grew its holdings in WillScot Mobile Mini by 14.7% during the third quarter. KBC Group NV now owns 5,110 shares of the company’s stock valued at $192,000 after purchasing an additional 655 shares during the period. V Square Quantitative Management LLC purchased a new stake in WillScot Mobile Mini in the third quarter worth $25,000. Verdence Capital Advisors LLC increased its position in WillScot Mobile Mini by 4.9% in the third quarter. Verdence Capital Advisors LLC now owns 20,210 shares of the company’s stock worth $760,000 after buying an additional 936 shares during the last quarter. Finally, Financial Management Professionals Inc. purchased a new position in shares of WillScot Mobile Mini during the 3rd quarter valued at $36,000. 95.81% of the stock is currently owned by institutional investors.

Insider Transactions at WillScot Mobile Mini

In related news, Director Gerard E. Holthaus purchased 5,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of $34.99 per share, with a total value of $174,950.00. Following the purchase, the director now directly owns 411,221 shares in the company, valued at approximately $14,388,622.79. This represents a 1.23 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Graeme Parkes sold 2,900 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the completion of the transaction, the insider now directly owns 72,818 shares in the company, valued at $2,694,994.18. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WSC. Robert W. Baird decreased their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their target price for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. Barclays lowered their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their target price 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.50.

WillScot Mobile Mini Stock Performance

NASDAQ WSC opened at $38.02 on Monday. The company’s 50 day simple moving average is $35.84 and its two-hundred day simple moving average is $36.89. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. WillScot Mobile Mini Holdings Corp. has a 1 year low of $32.57 and a 1 year high of $50.81. The stock has a market capitalization of $7.02 billion, a PE ratio of 345.67, a P/E/G ratio of 1.93 and a beta of 1.41.

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.