Royce & Associates LP Sells 144,470 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Royce & Associates LP trimmed its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 74.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the company’s stock after selling 144,470 shares during the period. Royce & Associates LP’s holdings in WillScot Mobile Mini were worth $1,880,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Edgestream Partners L.P. bought a new position in WillScot Mobile Mini during the first quarter valued at $526,000. CANADA LIFE ASSURANCE Co boosted its position in shares of WillScot Mobile Mini by 3.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 48,161 shares of the company’s stock valued at $2,241,000 after buying an additional 1,543 shares during the period. Shell Asset Management Co. bought a new position in shares of WillScot Mobile Mini during the first quarter valued at approximately $670,000. Vident Advisory LLC raised its holdings in shares of WillScot Mobile Mini by 21.2% in the first quarter. Vident Advisory LLC now owns 294,897 shares of the company’s stock worth $13,713,000 after buying an additional 51,673 shares during the period. Finally, EntryPoint Capital LLC lifted its stake in shares of WillScot Mobile Mini by 4,818.4% during the 1st quarter. EntryPoint Capital LLC now owns 4,279 shares of the company’s stock worth $199,000 after acquiring an additional 4,192 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Hezron T. Lopez sold 20,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.38, for a total value of $787,600.00. Following the completion of the sale, the executive vice president now directly owns 57,918 shares in the company, valued at $2,280,810.84. This trade represents a 25.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerard E. Holthaus purchased 5,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were bought at an average price of $34.99 per share, for a total transaction of $174,950.00. Following the purchase, the director now directly owns 411,221 shares in the company, valued at $14,388,622.79. This represents a 1.23 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 20,000 shares of company stock valued at $728,750. 3.30% of the stock is currently owned by insiders.

WillScot Mobile Mini Trading Down 0.1 %

Shares of NASDAQ WSC opened at $35.14 on Wednesday. The business has a fifty day moving average price of $37.87 and a 200 day moving average price of $38.21. WillScot Mobile Mini Holdings Corp. has a 1-year low of $32.71 and a 1-year high of $52.16. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The stock has a market capitalization of $6.49 billion, a P/E ratio of 319.94, a price-to-earnings-growth ratio of 2.08 and a beta of 1.37.

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

Analysts Set New Price Targets

WSC has been the subject of several research analyst reports. Oppenheimer decreased their target price on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. DA Davidson dropped their target price on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Bank of America decreased their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Robert W. Baird lowered their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, WillScot Mobile Mini has a consensus rating of “Hold” and a consensus target price of $45.00.

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.