WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Stock Holdings Lessened by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. cut its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 32.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 29,720 shares of the company’s stock after selling 14,387 shares during the period. Sumitomo Life Insurance Co.’s holdings in WillScot Mobile Mini were worth $994,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its stake in shares of WillScot Mobile Mini by 16.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after buying an additional 302 shares in the last quarter. Salvus Wealth Management LLC lifted its stake in WillScot Mobile Mini by 1.0% in the third quarter. Salvus Wealth Management LLC now owns 47,830 shares of the company’s stock valued at $1,798,000 after acquiring an additional 485 shares during the last quarter. Hexagon Capital Partners LLC grew its position in WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after acquiring an additional 600 shares in the last quarter. KBC Group NV increased its stake in shares of WillScot Mobile Mini by 14.7% during the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after purchasing an additional 655 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new position in shares of WillScot Mobile Mini during the 3rd quarter valued at $25,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CAO Sally J. Shanks sold 14,059 shares of WillScot Mobile Mini stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.69, for a total transaction of $487,706.71. Following the sale, the chief accounting officer now directly owns 26,113 shares in the company, valued at approximately $905,859.97. The trade was a 35.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Graeme Parkes sold 2,900 shares of the 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 transaction, the insider now directly owns 72,818 shares of the company’s stock, valued at $2,694,994.18. This trade represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 15,000 shares of company stock valued at $533,900 and sold 36,959 shares valued at $1,382,636. Insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

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

WillScot Mobile Mini Trading Up 0.7 %

Shares of WSC stock opened at $37.20 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 1 year low of $32.57 and a 1 year high of $52.16. The firm’s fifty day simple moving average is $36.04 and its 200 day simple moving average is $37.26. The firm has a market capitalization of $6.87 billion, a P/E ratio of 338.21, a price-to-earnings-growth ratio of 2.04 and a beta of 1.40.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 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 for the quarter, compared to analyst estimates of $617.83 million. During the same period in the prior year, the company posted $0.46 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. As a group, sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

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.