WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. lessened its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 32.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,720 shares of the company's stock after selling 14,387 shares during the period. Sumitomo Life Insurance Co.'s holdings in WillScot Mobile Mini were worth $994,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. KBC Group NV boosted its holdings in shares of WillScot Mobile Mini by 53.7% in the 4th quarter. KBC Group NV now owns 7,854 shares of the company's stock valued at $263,000 after buying an additional 2,744 shares in the last quarter. Avanza Fonder AB purchased a new stake in WillScot Mobile Mini during the fourth quarter valued at approximately $224,000. Legacy Wealth Asset Management LLC boosted its stake in WillScot Mobile Mini by 33.8% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 15,456 shares of the company's stock valued at $517,000 after acquiring an additional 3,905 shares in the last quarter. Rockingstone Advisors LLC grew its holdings in WillScot Mobile Mini by 7.5% in the fourth quarter. Rockingstone Advisors LLC now owns 29,515 shares of the company's stock worth $987,000 after purchasing an additional 2,070 shares during the last quarter. Finally, Reinhart Partners LLC. increased its position in shares of WillScot Mobile Mini by 2.6% during the fourth quarter. Reinhart Partners LLC. now owns 289,010 shares of the company's stock worth $9,667,000 after purchasing an additional 7,425 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

Analyst Ratings Changes

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

WillScot Mobile Mini Stock Performance

WSC traded down $0.23 during midday trading on Thursday, hitting $36.97. 1,479,448 shares of the company were exchanged, compared to its average volume of 2,200,629. 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 has a market capitalization of $6.83 billion, a price-to-earnings ratio of 336.12, a price-to-earnings-growth ratio of 2.04 and a beta of 1.40. The company's 50 day simple moving average is $36.09 and its 200 day simple moving average is $37.26. WillScot Mobile Mini Holdings Corp. has a 1-year low of $32.57 and a 1-year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its 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 business had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. WillScot Mobile Mini's revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share. As a group, sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Hezron T. Lopez sold 20,000 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.38, for a total value of $787,600.00. Following the sale, the executive vice president now owns 57,918 shares in the company, valued at approximately $2,280,810.84. The trade was a 25.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bradley Lee Soultz bought 5,000 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average price of $36.38 per share, with a total value of $181,900.00. Following the completion of the acquisition, the chief executive officer now owns 144,686 shares of the company's stock, valued at $5,263,676.68. This trade represents a 3.58 % increase in their position. The disclosure for this purchase can be found here. In the last 90 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. 3.30% of the stock is currently owned by corporate insiders.

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.