Credit Suisse AG Sells 60,593 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Posted by Defense World Staff on Aug 24th, 2023

Credit Suisse AG lowered its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Free Report) by 12.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 410,647 shares of the company’s stock after selling 60,593 shares during the period. Credit Suisse AG owned 0.20% of WillScot Mobile Mini worth $19,251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in WSC. Massmutual Trust Co. FSB ADV increased its position in WillScot Mobile Mini by 453.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 636 shares of the company’s stock worth $30,000 after buying an additional 521 shares during the period. International Assets Investment Management LLC bought a new position in WillScot Mobile Mini during the first quarter worth about $32,000. Harvest Fund Management Co. Ltd acquired a new stake in WillScot Mobile Mini in the 4th quarter worth about $38,000. Quantbot Technologies LP bought a new stake in WillScot Mobile Mini in the 1st quarter valued at about $46,000. Finally, Fred Alger Management LLC acquired a new position in shares of WillScot Mobile Mini during the 3rd quarter worth approximately $49,000. 95.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WSC. Robert W. Baird increased their price target on WillScot Mobile Mini from $50.00 to $55.00 in a research report on Thursday, April 27th. Oppenheimer raised their price target on WillScot Mobile Mini from $53.00 to $55.00 in a research report on Wednesday, July 12th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of WillScot Mobile Mini from $54.00 to $56.00 in a research report on Friday, April 28th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, WillScot Mobile Mini currently has an average rating of “Buy” and an average price target of $56.20.

Read Our Latest Analysis on WillScot Mobile Mini

WillScot Mobile Mini Stock Performance

NASDAQ:WSC opened at $41.38 on Thursday. WillScot Mobile Mini Holdings Corp. has a twelve month low of $37.81 and a twelve month high of $53.46. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 2.11. The stock’s 50-day simple moving average is $46.15 and its 200 day simple moving average is $46.28. The firm has a market capitalization of $8.16 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 0.95 and a beta of 1.52.

WillScot Mobile Mini (NASDAQ:WSC – Get Free Report) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $582.10 million for the quarter, compared to the consensus estimate of $582.79 million. WillScot Mobile Mini had a net margin of 21.93% and a return on equity of 22.32%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted $0.32 EPS. On average, analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.95 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $40.71 per share, with a total value of $203,550.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at $407,100. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other WillScot Mobile Mini news, Director Jeffrey Sagansky sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $47.18, for a total value of $4,718,000.00. Following the completion of the transaction, the director now directly owns 2,497,235 shares in the company, valued at approximately $117,819,547.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were acquired at an average price of $40.71 per share, for a total transaction of $203,550.00. Following the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $407,100. The disclosure for this purchase can be found here. Insiders own 3.10% of the company’s stock.

WillScot Mobile Mini Profile

(Free Report)

WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. The company leases modular space and portable storage units to customers in the commercial and industrial, construction, retail and wholesale trade, education, energy and natural resources, government, institutions, healthcare, and other end markets.