KBC Group NV Grows Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

KBC Group NV grew its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 53.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,854 shares of the company’s stock after purchasing an additional 2,744 shares during the period. KBC Group NV’s holdings in WillScot Mobile Mini were worth $263,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of WSC. Swedbank AB grew its stake in shares of WillScot Mobile Mini by 229.2% during the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after acquiring an additional 2,246,000 shares in the last quarter. Douglas Lane & Associates LLC boosted its holdings in WillScot Mobile Mini by 379.1% in the fourth quarter. Douglas Lane & Associates LLC now owns 997,693 shares of the company’s stock valued at $33,373,000 after purchasing an additional 789,445 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in WillScot Mobile Mini during the 3rd quarter valued at approximately $20,773,000. Fisher Asset Management LLC increased its holdings in WillScot Mobile Mini by 58.3% during the 3rd quarter. Fisher Asset Management LLC now owns 1,043,055 shares of the company’s stock worth $39,219,000 after purchasing an additional 384,270 shares during the last quarter. Finally, Barclays PLC raised its position in shares of WillScot Mobile Mini by 770.3% in the 3rd quarter. Barclays PLC now owns 353,485 shares of the company’s stock valued at $13,292,000 after purchasing an additional 312,867 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WSC shares. 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 report on Thursday, October 31st. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price target for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Barclays dropped their price objective on shares of 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, Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.50.

WillScot Mobile Mini Stock Down 3.4 %

Shares of NASDAQ WSC opened at $35.80 on Tuesday. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.57 and a 12-month high of $52.16. The firm’s 50-day simple moving average is $36.13 and its 200 day simple moving average is $37.20. 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 company has a market cap of $6.61 billion, a price-to-earnings ratio of 325.48, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41.

Insider Transactions at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of $35.41 per share, for a total transaction of $177,050.00. Following the purchase, the chief executive officer now directly owns 144,686 shares of the company’s stock, valued at approximately $5,123,331.26. This trade represents a 3.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the transaction, the insider now owns 72,818 shares of the company’s stock, valued at $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,959 shares of company stock worth $1,382,636 in the last three months. Insiders own 3.30% of the company’s stock.

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.