Park Avenue Securities LLC Sells 5,844 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Park Avenue Securities LLC reduced its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 44.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 7,425 shares of the company’s stock after selling 5,844 shares during the period. Park Avenue Securities LLC’s holdings in WillScot Mobile Mini were worth $279,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of WSC. Quarry LP bought a new stake in WillScot Mobile Mini in the 4th quarter worth about $38,000. Fisher Asset Management LLC increased its position in shares of WillScot Mobile Mini by 1.8% during the fourth quarter. Fisher Asset Management LLC now owns 641,806 shares of the company’s stock valued at $28,560,000 after acquiring an additional 11,345 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in WillScot Mobile Mini by 10.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 56,417 shares of the company’s stock worth $2,511,000 after acquiring an additional 5,205 shares during the period. First Hawaiian Bank boosted its position in WillScot Mobile Mini by 42.5% in the first quarter. First Hawaiian Bank now owns 48,290 shares of the company’s stock worth $2,245,000 after purchasing an additional 14,397 shares during the last quarter. Finally, Yarbrough Capital LLC purchased a new position in WillScot Mobile Mini in the first quarter worth $360,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Price Performance

WSC stock opened at $36.15 on Monday. The firm has a 50 day moving average of $37.44 and a 200-day moving average of $38.89. The firm has a market capitalization of $6.88 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 1.17 and a beta of 1.35. WillScot Mobile Mini Holdings Corp. has a 12 month low of $33.23 and a 12 month high of $52.16. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 2.88.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The business had revenue of $604.59 million for the quarter, compared to the consensus estimate of $614.85 million. During the same quarter last year, the business posted $0.43 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $38.97 per share, with a total value of $194,850.00. Following the purchase, the chief executive officer now owns 149,686 shares of the company’s stock, valued at approximately $5,833,263.42. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barclays cut WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $50.00 to $44.00 in a research note on Thursday, September 19th. Bank of America reduced their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus decreased their price target on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Oppenheimer dropped their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, DA Davidson decreased their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $47.90.

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.