Equitable Trust Co. Takes Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Equitable Trust Co. purchased a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 8,816 shares of the company’s stock, valued at approximately $295,000.

Several other institutional investors and hedge funds also recently bought and sold shares of WSC. Douglass Winthrop Advisors LLC lifted its position in shares of WillScot Mobile Mini by 32.4% during the third quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company’s stock worth $6,209,000 after acquiring an additional 40,393 shares in the last quarter. First Sabrepoint Capital Management LP lifted its holdings in WillScot Mobile Mini by 17.5% during the 3rd quarter. First Sabrepoint Capital Management LP now owns 238,143 shares of the company’s stock worth $8,954,000 after purchasing an additional 35,492 shares in the last quarter. Bislett Management LLC boosted its stake in WillScot Mobile Mini by 3.1% in the 3rd quarter. Bislett Management LLC now owns 1,170,000 shares of the company’s stock worth $43,992,000 after purchasing an additional 35,000 shares during the period. Buck Wealth Strategies LLC boosted its stake in WillScot Mobile Mini by 39.6% in the 4th quarter. Buck Wealth Strategies LLC now owns 107,307 shares of the company’s stock worth $3,589,000 after purchasing an additional 30,450 shares during the period. Finally, Swedbank AB increased its position in shares of WillScot Mobile Mini by 229.2% during the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after buying an additional 2,246,000 shares during the period. 95.81% of the stock is owned by institutional investors.

WillScot Mobile Mini Trading Up 0.6 %

Shares of WSC stock opened at $37.91 on Wednesday. The business has a 50-day moving average price of $35.91 and a two-hundred day moving average price of $36.98. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.57 and a 12-month high of $52.16. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The firm has a market cap of $7.00 billion, a P/E ratio of 344.67, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Gerard E. Holthaus acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average price of $34.99 per share, for a total transaction of $174,950.00. Following the completion of the acquisition, the director now owns 411,221 shares in the company, valued at approximately $14,388,622.79. This represents a 1.23 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, 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 completion of the sale, the insider now directly owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.

WillScot Mobile Mini Company 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.