PNC Financial Services Group Inc. Grows Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

PNC Financial Services Group Inc. grew its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 10.2% during the fourth quarter, HoldingsChannel reports. The firm owned 56,417 shares of the company’s stock after acquiring an additional 5,205 shares during the period. PNC Financial Services Group Inc.’s holdings in WillScot Mobile Mini were worth $2,511,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new stake in shares of WillScot Mobile Mini during the 3rd quarter worth approximately $362,000. Pathstone Family Office LLC increased its holdings in WillScot Mobile Mini by 5.6% in the 3rd quarter. Pathstone Family Office LLC now owns 5,933 shares of the company’s stock valued at $247,000 after purchasing an additional 315 shares during the last quarter. HighTower Advisors LLC increased its holdings in WillScot Mobile Mini by 58.7% in the 3rd quarter. HighTower Advisors LLC now owns 20,944 shares of the company’s stock valued at $855,000 after purchasing an additional 7,748 shares during the last quarter. UBS Group AG increased its holdings in WillScot Mobile Mini by 57.5% in the 3rd quarter. UBS Group AG now owns 218,718 shares of the company’s stock valued at $9,096,000 after purchasing an additional 79,857 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in WillScot Mobile Mini in the 3rd quarter valued at approximately $342,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased 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 directly owns 157,771 shares in the company, valued at $6,064,717.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is owned by corporate insiders.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock opened at $39.17 on Friday. The stock has a market cap of $7.45 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 1.10 and a beta of 1.40. The company has a fifty day simple moving average of $38.96 and a 200-day simple moving average of $43.21. WillScot Mobile Mini Holdings Corp. has a 12-month low of $34.40 and a 12-month high of $52.16. 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 released its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). The firm had revenue of $587.18 million for the quarter, compared to analysts’ expectations of $579.98 million. WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. WillScot Mobile Mini’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.36 earnings per share. Equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WSC shares. Oppenheimer reiterated an “outperform” rating and issued a $53.00 target price (down previously from $60.00) on shares of WillScot Mobile Mini in a report on Monday, May 6th. DA Davidson dropped their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Barclays lifted their target price on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Jefferies Financial Group downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their target price for the company from $58.00 to $42.00 in a report on Monday, April 1st. Finally, Robert W. Baird dropped their price target on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently 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.