Legacy Wealth Asset Management LLC Raises Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Legacy Wealth Asset Management LLC raised its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 33.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,456 shares of the company’s stock after purchasing an additional 3,905 shares during the period. Legacy Wealth Asset Management LLC’s holdings in WillScot Mobile Mini were worth $517,000 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 shares of WillScot Mobile Mini in the 3rd quarter worth $25,000. Hexagon Capital Partners LLC grew its holdings 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. acquired a new stake in WillScot Mobile Mini during the third quarter worth about $36,000. First Horizon Advisors Inc. raised its stake in WillScot Mobile Mini by 16.4% during the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after purchasing an additional 302 shares during the period. Finally, KBC Group NV grew its stake in shares of WillScot Mobile Mini by 14.7% in the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock valued at $192,000 after buying an additional 655 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insiders Place Their Bets

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction 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 $2,694,994.18. The trade was a 3.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Sally J. Shanks sold 14,059 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.69, for a total value of $487,706.71. Following the sale, the chief accounting officer now directly owns 26,113 shares in the company, valued at $905,859.97. This trade represents a 35.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders bought 15,000 shares of company stock worth $533,900 and sold 36,959 shares worth $1,382,636. 3.30% of the stock is currently owned by company insiders.

WillScot Mobile Mini Stock Performance

NASDAQ:WSC opened at $36.64 on Friday. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 333.12, a price-to-earnings-growth ratio of 1.82 and a beta of 1.40. 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 Holdings Corp. has a 52 week low of $32.57 and a 52 week high of $52.16. The company has a fifty day simple moving average of $35.74 and a two-hundred day simple moving average of $37.20.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the business earned $0.46 EPS. WillScot Mobile Mini’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WSC shares. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price objective for the company from $46.00 to $35.00 in a 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 on the stock in a research note on Friday, November 1st. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Finally, Robert W. Baird reduced 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 research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and an average target price of $45.50.

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.