Equitable Trust Co. Purchases Shares of 8,816 WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Equitable Trust Co. acquired a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,816 shares of the company's stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Douglass Winthrop Advisors LLC lifted its holdings in shares of WillScot Mobile Mini by 32.4% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company's stock valued at $6,209,000 after purchasing an additional 40,393 shares during the last quarter. Buck Wealth Strategies LLC raised its stake in shares of WillScot Mobile Mini by 39.6% during the 4th quarter. Buck Wealth Strategies LLC now owns 107,307 shares of the company's stock valued at $3,589,000 after buying an additional 30,450 shares during the last quarter. First Sabrepoint Capital Management LP raised its stake in shares of WillScot Mobile Mini by 17.5% during the 3rd quarter. First Sabrepoint Capital Management LP now owns 238,143 shares of the company's stock valued at $8,954,000 after buying an additional 35,492 shares during the last quarter. Bislett Management LLC raised its stake in shares of WillScot Mobile Mini by 3.1% during the 3rd quarter. Bislett Management LLC now owns 1,170,000 shares of the company's stock valued at $43,992,000 after buying an additional 35,000 shares during the last quarter. Finally, Swedbank AB raised its stake in shares of WillScot Mobile Mini by 229.2% during the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company's stock valued at $121,298,000 after buying an additional 2,246,000 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays lowered their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. Morgan Stanley upgraded WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and boosted 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 reduced their price target for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Baird R W cut WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Robert W. Baird decreased their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, WillScot Mobile Mini currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.50.

Insider Activity

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the sale, the insider now directly owns 72,818 shares in the company, valued at $2,694,994.18. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Sally J. Shanks sold 14,059 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the completion of the sale, the chief accounting officer now owns 26,113 shares in the company, valued at $905,859.97. This represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

WillScot Mobile Mini Stock Down 0.7 %

NASDAQ:WSC traded down $0.25 on Friday, reaching $38.02. The stock had a trading volume of 1,314,848 shares, compared to its average volume of 2,345,066. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The company has a 50-day moving average of $35.84 and a 200 day moving average of $36.92. The stock has a market cap of $7.02 billion, a P/E ratio of 345.67, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.57 and a 12-month high of $50.81.

About WillScot Mobile Mini

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.