Stifel Financial Corp Sells 1,156 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Stifel Financial Corp lowered its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,300 shares of the company’s stock after selling 1,156 shares during the period. Stifel Financial Corp’s holdings in WillScot Mobile Mini were worth $2,004,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. First Horizon Advisors Inc. lifted its position in shares of WillScot Mobile Mini by 16.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after buying an additional 302 shares during the period. Salvus Wealth Management LLC grew its position 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 period. Arizona State Retirement System raised its stake in WillScot Mobile Mini by 1.0% during the second quarter. Arizona State Retirement System now owns 53,184 shares of the company’s stock worth $2,002,000 after acquiring an additional 520 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of WillScot Mobile Mini by 200.0% during the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after acquiring an additional 600 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of WillScot Mobile Mini by 11.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company’s stock valued at $228,000 after purchasing an additional 624 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

Wall Street Analyst Weigh In

WSC has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price target for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Barclays reduced their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Robert W. Baird dropped their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company 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 research note on Thursday, October 24th. Finally, Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $40.00 to $50.00 in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, WillScot Mobile Mini has an average rating of “Moderate Buy” and an average target price of $45.50.

WillScot Mobile Mini Stock Down 3.7 %

Shares of WillScot Mobile Mini stock opened at $32.93 on Friday. The business has a fifty day simple moving average of $37.14 and a 200 day simple moving average of $37.78. The stock has a market cap of $6.08 billion, a PE ratio of 299.39, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 12 month low of $32.71 and a 12 month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The firm had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. Research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average cost of $36.38 per share, with a total value of $181,900.00. Following the purchase, the chief executive officer now owns 144,686 shares in the company, valued at approximately $5,263,676.68. This trade represents a 3.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the completion of the sale, the insider now directly owns 72,818 shares in the company, valued at $2,694,994.18. This represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 15,000 shares of company stock worth $533,900 and sold 36,959 shares worth $1,382,636. Corporate insiders own 3.30% of the company’s stock.

About WillScot Mobile Mini

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.