Riverbridge Partners LLC reduced its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) up 30.4% in the fourth quarter, the company said in its most recent Form 13F filing with the SEC. The company owned 1,411,304 shares of the company’s stock after selling 616,612 shares during the quarter. Riverbridge Partners LLC owned approximately 0.68% of WillScot Mobile Mini valued at $63,749,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have recently changed their holdings in the company. Price T Rowe Associates Inc. MD increased its stake in WillScot Mobile Mini by 169.9% in the third quarter. Price T. Rowe Associates Inc. MD now owns 3,652,330 shares of the company’s stock valued at $147,299,000 after purchasing an additional 2,299,036 shares during the period. PointState Capital LP acquired a new position in WillScot Mobile Mini valued at $50,802,000 during the second quarter. Millennium Management LLC increased its stake in WillScot Mobile Mini by 422.9% during the second quarter. Millennium Management LLC now owns 1,672,933 shares of the Company’s stock valued at $54,236,000 after purchasing an additional 1,352,996 shares during the period. invesco ltd increased its stake in WillScot Mobile Mini by 37.3% in the first quarter. invesco ltd now owns 4,749,059 shares of the Company’s shares valued at $185,829,000, having purchased an additional 1,290,938 shares during the period. Finally, Assenagon Asset Management SA increased its stake in WillScot Mobile Mini by 103.6% in the third quarter. Assenagon Asset Management SA now owns 2,260,827 shares of the company valued at $91,179,000 after purchasing an additional 1,150,215 shares during the period. 97.25% of the shares are currently owned by hedge funds and other institutional investors.
WillScot Mobile Mini stock performance
Shares of WSC opened at $45.87 on Friday. The stock has a 50-day moving average of $48.97 and a two-hundred-day moving average of $45.70. WillScot Mobile Mini Holdings Corp. has a yearly low of $30.52 and a yearly high of $53.46. The company has a debt to equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.93. The stock has a market cap of $9.44 billion, a P/E of 29.98, a P/E of 1.53, and a beta of 1.52.
Insiders place their bets
In related news, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini in a transaction on Monday, February 27. The stock was acquired at an average price of $50.47 per share for a total transaction of $252,350.00. Following the purchase, the chief executive officer now owns 10,000 shares of the company, valued at approximately $504,700. The acquisition was disclosed in a legal filing with the SEC, available at this hyperlink. In related news, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini in a transaction on Monday, February 27. The stock was acquired at an average price of $50.47 per share for a total transaction of $252,350.00. Following the purchase, the chief executive officer now owns 10,000 shares of the company, valued at approximately $504,700. The acquisition was disclosed in a legal filing with the SEC, available at this hyperlink. In addition, Director Erika T. Davis acquired 2,950 shares of WillScot Mobile Mini in a transaction on Monday, February 27. The shares were purchased at an average price of $50.65 per share for a total value of $149,417.50. Following the purchase, the director now directly owns 6,313 shares of the company, valued at approximately $319,753.45. The disclosure for this purchase can be found here. 2.80% of the shares are currently owned by insiders.
Analyst upgrades and downgrades
WSC has been the subject of several research reports. William Blair reported on the WillScot Mobile Mini in a report on Wednesday 8th February. They gave the stock an “outperform” rating. Morgan Stanley lowered its target price on WillScot Mobile Mini to $60.00 from $62.00 and gave the stock an “overweight” rating in a report Tuesday, February 14. Barclays raised its price target on WillScot Mobile Mini to $55.00 from $50.00 and rated the company as “overweight” in a report on Friday, December 2nd. Robert W. Baird raised his target price on WillScot Mobile Mini to $60.00 from $53.00 and gave the company a rating of “above average” in a report on Thursday, February 23. Finally, Oppenheimer raised its price target on WillScot Mobile Mini to $53.00 from $51.00 and gave the company a Outperform rating in a report on Thursday, February 23. Six equity analysts have given the stock a buy rating. Based on data from MarketBeat, WillScot Mobile Mini currently has a consensus rating of Buy and an average target price of $54.67.
About WillScot Mobile Mini (receive review)
WillScot Mobile Mini Holdings Corp. offers modular and portable storage services. The Company offers furniture rental, transportation and logistics, warehousing and facility services, and commercial real estate services. It provides turnkey office space and storage solutions for temporary applications in the commercial and industrial, construction, retail, education, healthcare, government, transportation, security and energy sectors.
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Want to see what other hedge funds are holding WSC? Visit HoldingsChannel.com for the latest 13F filings and insider trading for WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating).
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