Empire Life Investments Inc. Grows Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Empire Life Investments Inc. grew its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 567,104 shares of the company’s stock after buying an additional 19,353 shares during the quarter. Empire Life Investments Inc.’s holdings in WillScot Mobile Mini were worth $18,970,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WSC. V Square Quantitative Management LLC bought a new position in WillScot Mobile Mini during the third quarter worth $25,000. Financial Management Professionals Inc. acquired a new stake in WillScot Mobile Mini in the third quarter worth $36,000. First Horizon Advisors Inc. increased 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 buying an additional 302 shares during the period. KBC Group NV increased its position in WillScot Mobile Mini by 14.7% in the third quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after buying an additional 655 shares during the period. Finally, Stephens Inc. AR acquired a new stake in WillScot Mobile Mini in the third quarter worth $200,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WSC shares. Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price target for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Robert W. Baird decreased their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Barclays decreased their price target on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Baird R W lowered WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

WillScot Mobile Mini Stock Down 0.7 %

WSC opened at $38.02 on Friday. The business has a 50 day moving average price of $35.86 and a 200 day moving average price of $36.97. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.57 and a twelve month high of $50.81. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The firm has a market cap of $7.02 billion, a P/E ratio of 345.67, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41.

Insider Transactions at WillScot Mobile Mini

In other news, insider Graeme Parkes sold 2,900 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the sale, the insider now directly 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 document filed with the SEC, which is accessible through the SEC website. Also, CAO Sally J. Shanks sold 14,059 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.69, for a total value of $487,706.71. Following the sale, the chief accounting officer now owns 26,113 shares in the company, valued at approximately $905,859.97. This represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

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.