DekaBank Deutsche Girozentrale Decreases Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Posted by Defense World Staff on Apr 21st, 2023

DekaBank Deutsche Girozentrale reduced its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,748 shares of the company’s stock after selling 6,444 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in WillScot Mobile Mini were worth $2,387,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Asset Dedication LLC bought a new stake in shares of WillScot Mobile Mini in the 3rd quarter worth approximately $35,000. Quantbot Technologies LP bought a new stake in shares of WillScot Mobile Mini during the first quarter valued at approximately $46,000. Fred Alger Management LLC bought a new stake in shares of WillScot Mobile Mini during the third quarter valued at approximately $49,000. Spire Wealth Management bought a new stake in shares of WillScot Mobile Mini during the third quarter valued at approximately $79,000. Finally, Signaturefd LLC boosted its position in shares of WillScot Mobile Mini by 44.3% during the third quarter. Signaturefd LLC now owns 2,053 shares of the company’s stock valued at $83,000 after purchasing an additional 630 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday. Morgan Stanley dropped their target price on WillScot Mobile Mini from $62.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, February 14th. Oppenheimer boosted their target price on WillScot Mobile Mini from $51.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, February 23rd. Robert W. Baird boosted their target price on WillScot Mobile Mini from $53.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 23rd. Finally, William Blair began coverage on WillScot Mobile Mini in a report on Wednesday, February 8th. They issued an “outperform” rating on the stock. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $55.33.

WillScot Mobile Mini Stock Up 0.5 %

WSC stock opened at $43.84 on Friday. WillScot Mobile Mini Holdings Corp. has a 1-year low of $30.52 and a 1-year high of $53.46. The business has a fifty day moving average price of $47.28 and a 200-day moving average price of $46.10. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.93 and a quick ratio of 0.85. The stock has a market capitalization of $9.02 billion, a P/E ratio of 28.65, a P/E/G ratio of 1.40 and a beta of 1.52.

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

Insider Transactions at WillScot Mobile Mini

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

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.