TCW Group Inc. Trims Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

TCW Group Inc. decreased its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 72.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,673 shares of the company's stock after selling 101,992 shares during the period. TCW Group Inc.'s holdings in WillScot Mobile Mini were worth $1,454,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in WillScot Mobile Mini in the 3rd quarter valued at $25,000. Hexagon Capital Partners LLC grew its position in shares of WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company's stock valued at $34,000 after purchasing an additional 600 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of WillScot Mobile Mini during the third quarter worth about $36,000. Summit Securities Group LLC acquired a new position in shares of WillScot Mobile Mini during the 2nd quarter worth about $56,000. Finally, CWM LLC lifted its stake in WillScot Mobile Mini by 80.3% in the 2nd quarter. CWM LLC now owns 1,635 shares of the company's stock valued at $62,000 after buying an additional 728 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Mobile Mini Trading Down 2.1 %

WSC stock traded down $0.74 during mid-day trading on Friday, hitting $35.12. 5,386,135 shares of the company were exchanged, compared to its average volume of 2,286,675. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.71 and a 12-month high of $52.16. The firm has a market capitalization of $6.49 billion, a P/E ratio of 319.30, a PEG ratio of 2.20 and a beta of 1.38. The business has a fifty day simple moving average of $37.35 and a 200-day simple moving average of $37.94. 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 posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The company had revenue of $601.43 million during the quarter, compared to analyst estimates of $617.83 million. During the same quarter last year, the business posted $0.46 EPS. The firm's revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Sally J. Shanks sold 14,059 shares of the business's stock in a transaction that occurred 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. The trade was a 35.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was acquired at an average cost of $38.97 per share, with a total value of $194,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 149,686 shares of the company's stock, valued at $5,833,263.42. This represents a 3.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 20,000 shares of company stock valued at $728,750 and have sold 36,959 shares valued at $1,382,636. 3.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Baird R W cut WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. Barclays decreased 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. Robert W. Baird dropped their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and decreased their price target for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $45.00.

WillScot Mobile Mini Profile

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.