WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by MGO One Seven LLC

Posted by Defense World Staff on Apr 7th, 2023

MGO One Seven LLC trimmed its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) by 31.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,038 shares of the company’s stock after selling 5,651 shares during the period. MGO One Seven LLC’s holdings in WillScot Mobile Mini were worth $544,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Asset Dedication LLC acquired a new position in shares of WillScot Mobile Mini during the 3rd quarter worth approximately $35,000. Quantbot Technologies LP acquired a new position in WillScot Mobile Mini during the first quarter worth $46,000. Fred Alger Management LLC acquired a new position in WillScot Mobile Mini during the third quarter worth $49,000. Eagle Bay Advisors LLC raised its position in WillScot Mobile Mini by 113.1% during the second quarter. Eagle Bay Advisors LLC now owns 1,918 shares of the company’s stock worth $62,000 after acquiring an additional 1,018 shares during the period. Finally, Spire Wealth Management acquired a new position in WillScot Mobile Mini during the third quarter worth $79,000. 97.25% of the stock is owned by institutional investors and hedge funds.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock opened at $40.30 on Friday. WillScot Mobile Mini Holdings Corp. has a 52-week low of $30.52 and a 52-week high of $53.46. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 1.38 and a beta of 1.52. The company has a fifty day simple moving average of $48.59 and a 200-day simple moving average of $46.00. The company has a quick ratio of 0.85, a current ratio of 0.93 and a debt-to-equity ratio of 1.96.

WillScot Mobile Mini (NASDAQ:WSC – Get Rating) last released its earnings results on Tuesday, February 21st. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. WillScot Mobile Mini had a net margin of 14.86% and a return on equity of 17.71%. The business had revenue of $590.55 million during the quarter, compared to analyst estimates of $587.95 million. On average, equities analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on WSC. Morgan Stanley reduced their price objective on shares of WillScot Mobile Mini from $62.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, February 14th. Oppenheimer upped their price objective on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. Robert W. Baird upped their price objective on shares of WillScot Mobile Mini from $53.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. Finally, William Blair began coverage on shares of WillScot Mobile Mini in a report on Wednesday, February 8th. They set an “outperform” rating for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of “Buy” and an average price target of $54.67.

Insider Activity at WillScot Mobile Mini

In other news, Director Erika T. Davis acquired 2,950 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was purchased at an average price of $50.65 per share, with a total value of $149,417.50. Following the completion of the acquisition, the director now owns 6,313 shares of the company’s stock, valued at approximately $319,753.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Erika T. Davis bought 2,950 shares of the stock in a transaction on Monday, February 27th. The stock was bought at an average price of $50.65 per share, with a total value of $149,417.50. Following the completion of the purchase, the director now directly owns 6,313 shares in the company, valued at approximately $319,753.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction on Monday, February 27th. The shares were bought at an average cost of $50.47 per share, with a total value of $252,350.00. Following the purchase, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $504,700. The disclosure for this purchase can be found here. 2.80% of the stock is currently owned by insiders.

WillScot Mobile Mini Company Profile

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WillScot Mobile Mini Holdings Corp. provides modular and portable storage services. The firm offers furniture rental, transportation and logistics, storage & facilities services and commercial real estate services. It offers turnkey office space and storage solutions for temporary applications in the commercial and industrial, construction, retail, education, health care, government, transportation, security and energy sectors.