HighTower Advisors LLC Lowers Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

HighTower Advisors LLC trimmed its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,337 shares of the company’s stock after selling 5,349 shares during the period. HighTower Advisors LLC’s holdings in WillScot Mobile Mini were worth $914,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. River Road Asset Management LLC boosted its position in WillScot Mobile Mini by 14.7% in the 4th quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company’s stock valued at $54,081,000 after buying an additional 206,962 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of WillScot Mobile Mini by 17.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,764 shares of the company’s stock worth $1,698,000 after acquiring an additional 7,388 shares in the last quarter. AlphaQuest LLC boosted its holdings in WillScot Mobile Mini by 221.2% in the fourth quarter. AlphaQuest LLC now owns 17,539 shares of the company’s stock valued at $587,000 after purchasing an additional 12,078 shares during the last quarter. Edgestream Partners L.P. grew its stake in WillScot Mobile Mini by 1,010.2% during the 4th quarter. Edgestream Partners L.P. now owns 104,402 shares of the company’s stock valued at $3,492,000 after purchasing an additional 94,998 shares in the last quarter. Finally, Geneva Capital Management LLC purchased a new stake in WillScot Mobile Mini during the 4th quarter worth approximately $23,194,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WSC. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Robert W. Baird lowered their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, March 10th. Finally, Oppenheimer cut their price objective on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and an average target price of $42.67.

WillScot Mobile Mini Trading Up 0.5 %

Shares of WSC opened at $29.31 on Friday. The stock’s 50-day moving average price is $34.22 and its 200 day moving average price is $35.93. 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 Holdings Corp. has a 12-month low of $27.58 and a 12-month high of $46.75. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 195.41, a P/E/G ratio of 2.18 and a beta of 1.45.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm had revenue of $602.52 million during the quarter, compared to analysts’ expectations of $606.55 million. As a group, research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Dividend Announcement

The business also recently declared a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is currently 186.67%.

Insider Buying and Selling

In other WillScot Mobile Mini news, COO Timothy D. Boswell purchased 5,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $29.14 per share, with a total value of $145,700.00. Following the completion of the transaction, the chief operating officer now directly owns 34,156 shares in the company, valued at $995,305.84. This trade represents a 17.15 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the completion of the transaction, the director now owns 626,306 shares of the company’s stock, valued at $18,908,178.14. This trade represents a 14.97 % decrease in their position. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.

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.