Versor Investments LP trimmed its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) by 43.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,200 shares of the company’s stock after selling 9,372 shares during the period. Versor Investments LP’s holdings in WillScot Mobile Mini were worth $551,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Clearbridge Investments LLC lifted its holdings in WillScot Mobile Mini by 5.2% in the first quarter. Clearbridge Investments LLC now owns 6,426,334 shares of the company’s stock valued at $251,462,000 after buying an additional 316,845 shares during the period. Invesco Ltd. lifted its holdings in WillScot Mobile Mini by 37.3% in the first quarter. Invesco Ltd. now owns 4,749,059 shares of the company’s stock valued at $185,829,000 after buying an additional 1,290,938 shares during the period. State Street Corp lifted its holdings in WillScot Mobile Mini by 2.7% in the first quarter. State Street Corp now owns 4,206,716 shares of the company’s stock valued at $164,609,000 after buying an additional 112,466 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in WillScot Mobile Mini by 169.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 3,652,330 shares of the company’s stock valued at $147,299,000 after buying an additional 2,299,036 shares during the period. Finally, Artemis Investment Management LLP lifted its holdings in WillScot Mobile Mini by 46.2% in the fourth quarter. Artemis Investment Management LLP now owns 3,492,640 shares of the company’s stock valued at $158,293,000 after buying an additional 1,103,108 shares during the period. 97.25% of the stock is currently owned by institutional investors and hedge funds.
WillScot Mobile Mini Stock Performance
Shares of WSC stock opened at $42.02 on Friday. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 1.32 and a beta of 1.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.93. The company has a 50-day simple moving average of $47.89 and a 200 day simple moving average of $45.98. WillScot Mobile Mini Holdings Corp. has a 52 week low of $30.52 and a 52 week high of $53.46.
Insider Transactions at WillScot Mobile Mini
In related news, CEO Bradley Lee Soultz acquired 5,000 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was acquired at an average cost of $50.47 per share, for a total transaction of $252,350.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $504,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other WillScot Mobile Mini news, Director Erika T. Davis purchased 2,950 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was purchased at an average cost of $50.65 per share, for a total transaction of $149,417.50. Following the transaction, the director now owns 6,313 shares in the company, valued at approximately $319,753.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was acquired at an average price of $50.47 per share, with a total value of $252,350.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $504,700. The disclosure for this purchase can be found here. 2.80% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. Morgan Stanley reduced their price target on shares of WillScot Mobile Mini from $62.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 14th. Robert W. Baird raised their price objective on shares of WillScot Mobile Mini from $53.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 23rd. William Blair assumed coverage on shares of WillScot Mobile Mini in a research note on Wednesday, February 8th. They issued an “outperform” rating on the stock. Finally, Oppenheimer lifted their price target on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, February 23rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, WillScot Mobile Mini presently has an average rating of “Buy” and an average price target of $54.67.
About WillScot Mobile Mini
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.
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