TimesSquare Capital Management LLC Sells 331,790 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

TimesSquare Capital Management LLC reduced its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 38.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 540,950 shares of the company’s stock after selling 331,790 shares during the period. TimesSquare Capital Management LLC owned about 0.28% of WillScot Mobile Mini worth $24,072,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of WillScot Mobile Mini by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,388,743 shares of the company’s stock worth $61,799,000 after purchasing an additional 38,217 shares during the period. Machina Capital S.A.S. purchased a new stake in WillScot Mobile Mini in the fourth quarter worth $466,000. Highlander Partners L.P. lifted its position in WillScot Mobile Mini by 89.9% during the fourth quarter. Highlander Partners L.P. now owns 128,200 shares of the company’s stock valued at $5,705,000 after buying an additional 60,700 shares during the period. SRS Capital Advisors Inc. lifted its position in WillScot Mobile Mini by 6.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 11,824 shares of the company’s stock valued at $526,000 after acquiring an additional 708 shares during the period. Finally, Natixis Advisors L.P. boosted its stake in WillScot Mobile Mini by 25.4% during the fourth quarter. Natixis Advisors L.P. now owns 1,204,052 shares of the company’s stock worth $53,580,000 after acquiring an additional 244,124 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Up 0.4 %

NASDAQ WSC traded up $0.17 during trading hours on Wednesday, hitting $39.34. 1,844,102 shares of the company were exchanged, compared to its average volume of 1,999,620. The stock has a market cap of $7.47 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 0.93 and a beta of 1.36. The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 2.63. The stock has a 50-day moving average price of $42.89 and a 200 day moving average price of $43.01. WillScot Mobile Mini Holdings Corp. has a 52 week low of $34.40 and a 52 week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The business had revenue of $587.18 million for the quarter, compared to the consensus estimate of $579.98 million. WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.14%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 EPS. Analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $47.50, for a total value of $3,562,500.00. Following the completion of the sale, the director now directly owns 2,420,905 shares in the company, valued at $114,992,987.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average cost of $38.44 per share, with a total value of $192,200.00. Following the completion of the transaction, the chief executive officer now owns 157,771 shares in the company, valued at approximately $6,064,717.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey Sagansky sold 75,000 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $47.50, for a total value of $3,562,500.00. Following the transaction, the director now owns 2,420,905 shares in the company, valued at $114,992,987.50. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WSC. Stifel Nicolaus dropped their price target on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft increased their price objective on WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Oppenheimer reaffirmed an “outperform” rating and set a $53.00 price target (down previously from $60.00) on shares of WillScot Mobile Mini in a report on Monday. Jefferies Financial Group cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their target price for the stock from $58.00 to $42.00 in a report on Monday, April 1st. Finally, Robert W. Baird reduced their price objective on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, April 22nd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, WillScot Mobile Mini presently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

WillScot Mobile Mini Company Profile

WillScot Mobile Mini Holdings Corp. 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.