Douglas Lane & Associates LLC Grows Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Douglas Lane & Associates LLC raised its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 379.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 997,693 shares of the company’s stock after buying an additional 789,445 shares during the quarter. Douglas Lane & Associates LLC’s holdings in WillScot Mobile Mini were worth $33,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in WillScot Mobile Mini in the 3rd quarter valued at $25,000. Hexagon Capital Partners LLC increased its stake in 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. purchased a new stake in shares of WillScot Mobile Mini in the third quarter valued at about $36,000. First Horizon Advisors Inc. boosted its stake in shares of 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 buying an additional 302 shares during the period. Finally, KBC Group NV grew its holdings in shares of WillScot Mobile Mini by 14.7% during 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 last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their target price for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Barclays cut their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Robert W. Baird decreased their price target on 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. Baird R W cut shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was acquired at an average cost of $36.38 per share, with a total value of $181,900.00. Following the acquisition, the chief executive officer now owns 144,686 shares of the company’s stock, valued at approximately $5,263,676.68. This represents a 3.58 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Sally J. Shanks sold 14,059 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction 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 trade represents a 35.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 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.

WillScot Mobile Mini Stock Down 0.3 %

Shares of NASDAQ:WSC traded down $0.09 during midday trading on Wednesday, hitting $34.04. 1,093,304 shares of the company’s stock traded hands, compared to its average volume of 1,183,475. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.57 and a twelve month high of $52.16. The company has a market cap of $6.29 billion, a PE ratio of 309.48, a P/E/G ratio of 2.12 and a beta of 1.40. 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’s fifty day moving average price is $36.13 and its two-hundred day moving average price is $37.34.

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

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.