Douglas Lane & Associates LLC Raises Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Douglas Lane & Associates LLC grew its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 379.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 997,693 shares of the company's stock after buying an additional 789,445 shares during the quarter. Douglas Lane & Associates LLC owned 0.54% of WillScot Mobile Mini worth $33,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in WSC. V Square Quantitative Management LLC purchased a new stake in WillScot Mobile Mini in the 3rd quarter valued at about $25,000. Hexagon Capital Partners LLC increased its position in shares of WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock valued at $34,000 after acquiring an additional 600 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in WillScot Mobile Mini during the third quarter worth $36,000. First Horizon Advisors Inc. boosted its position in WillScot Mobile Mini by 16.4% in the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company's stock worth $80,000 after purchasing an additional 302 shares during the last quarter. Finally, KBC Group NV grew its stake in WillScot Mobile Mini by 14.7% in the 3rd quarter. KBC Group NV now owns 5,110 shares of the company's stock valued at $192,000 after purchasing an additional 655 shares during the period. 95.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the transaction, the insider now owns 72,818 shares in the company, valued at approximately $2,694,994.18. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the business's stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of $36.38 per share, for a total transaction of $181,900.00. Following the completion of the transaction, the chief executive officer now owns 144,686 shares in the company, valued at approximately $5,263,676.68. The trade was a 3.58 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 15,000 shares of company stock valued at $533,900 and have sold 36,959 shares valued at $1,382,636. Insiders own 3.30% of the company's stock.

WillScot Mobile Mini Price Performance

Shares of WSC traded down $0.11 during trading hours on Wednesday, reaching $34.02. 1,924,279 shares of the company's stock traded hands, compared to its average volume of 1,366,356. 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 firm's 50 day simple moving average is $36.13 and its 200-day simple moving average is $37.34. The stock has a market cap of $6.29 billion, a PE ratio of 309.30, a price-to-earnings-growth 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.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on WSC. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and cut their price target for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. 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. Baird R W lowered shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Robert W. Baird dropped their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Finally, Barclays reduced their price objective on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating for the company in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently 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.