First Hawaiian Bank Lowers Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

First Hawaiian Bank decreased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 53.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,272 shares of the company's stock after selling 23,392 shares during the period. First Hawaiian Bank's holdings in WillScot Mobile Mini were worth $678,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of WSC. First Horizon Advisors Inc. grew its stake in WillScot Mobile Mini by 16.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company's stock valued at $80,000 after purchasing an additional 302 shares during the last quarter. Salvus Wealth Management LLC boosted its position in WillScot Mobile Mini by 1.0% in the third quarter. Salvus Wealth Management LLC now owns 47,830 shares of the company's stock valued at $1,798,000 after buying an additional 485 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in WillScot Mobile Mini by 200.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock worth $34,000 after buying an additional 600 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in WillScot Mobile Mini by 11.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company's stock worth $228,000 after buying an additional 624 shares during the last quarter. Finally, KBC Group NV lifted its stake in WillScot Mobile Mini by 14.7% during the 3rd quarter. KBC Group NV now owns 5,110 shares of the company's stock valued at $192,000 after acquiring an additional 655 shares during the period. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Mobile Mini Trading Up 2.9 %

WSC stock traded up $0.97 during mid-day trading on Friday, hitting $34.99. 3,512,794 shares of the company were exchanged, compared to its average volume of 1,724,082. The business has a fifty day simple moving average of $36.02 and a 200-day simple moving average of $37.25. The firm has a market capitalization of $6.46 billion, a P/E ratio of 318.12, a PEG ratio of 2.12 and a beta of 1.40. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.57 and a 12-month high of $52.16. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.10). The firm had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company earned $0.46 earnings per share. On average, equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini stock in a transaction that occurred 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 completion of the transaction, the insider now owns 72,818 shares in the company, valued at $2,694,994.18. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerard E. Holthaus acquired 5,000 shares of WillScot Mobile Mini stock in a transaction dated Tuesday, November 19th. The stock was purchased at an average price of $34.99 per share, for a total transaction of $174,950.00. Following the completion of the acquisition, the director now directly owns 411,221 shares in the company, valued at approximately $14,388,622.79. This represents a 1.23 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 15,000 shares of company stock worth $533,900 and have sold 36,959 shares worth $1,382,636. 3.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WSC has been the topic of several analyst reports. Robert W. Baird dropped their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Barclays dropped their price objective on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Friday, November 1st. Morgan Stanley upgraded shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and lowered their price target for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Finally, Baird R W cut shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $45.50.

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.