Cynosure Group LLC Makes New Investment in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Cynosure Group LLC purchased a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 6,586 shares of the company’s stock, valued at approximately $306,000.

Several other large investors also recently made changes to their positions in the stock. Bourgeon Capital Management LLC grew its holdings in shares of WillScot Mobile Mini by 1,063.6% during the fourth quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock worth $28,000 after buying an additional 585 shares in the last quarter. Quarry LP acquired a new position in WillScot Mobile Mini during the 4th quarter worth approximately $38,000. TFO Wealth Partners LLC grew its stake in shares of WillScot Mobile Mini by 6,578.6% during the 4th quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock worth $42,000 after acquiring an additional 921 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of WillScot Mobile Mini in the first quarter valued at approximately $55,000. Finally, Principal Securities Inc. bought a new stake in shares of WillScot Mobile Mini in the fourth quarter worth $71,000. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Performance

NASDAQ:WSC traded down $0.07 on Tuesday, hitting $41.83. The company’s stock had a trading volume of 470,778 shares, compared to its average volume of 1,977,071. WillScot Mobile Mini Holdings Corp. has a one year low of $34.40 and a one year high of $52.16. The firm has a market capitalization of $7.96 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 1.23 and a beta of 1.39. The stock has a fifty day moving average of $38.82 and a two-hundred day moving average of $42.45. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 2.63.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.14%. The business had revenue of $587.18 million during the quarter, compared to the consensus estimate of $579.98 million. During the same quarter last year, the company posted $0.36 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. Research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

Insider Transactions at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average price of $38.44 per share, for a total transaction of $192,200.00. Following the purchase, the chief executive officer now owns 157,771 shares in the company, valued at $6,064,717.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WSC has been the subject of a number of analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $53.00 target price (down previously from $60.00) on shares of WillScot Mobile Mini in a research report on Monday, May 6th. Robert W. Baird decreased their price objective on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Jefferies Financial Group downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their target price for the company from $58.00 to $42.00 in a research report on Monday, April 1st. Stifel Nicolaus reduced their price target on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, April 4th. Finally, DA Davidson lowered their price target on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.