Hsbc Holdings PLC Cuts Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Hsbc Holdings PLC decreased its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 72.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,529 shares of the company’s stock after selling 35,635 shares during the quarter. Hsbc Holdings PLC’s holdings in WillScot Mobile Mini were worth $602,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in shares of WillScot Mobile Mini by 112.9% in the third quarter. SG Americas Securities LLC now owns 9,026 shares of the company’s stock worth $375,000 after buying an additional 4,786 shares in the last quarter. Raymond James & Associates boosted its stake in WillScot Mobile Mini by 15.1% during the 3rd quarter. Raymond James & Associates now owns 117,932 shares of the company’s stock valued at $4,905,000 after purchasing an additional 15,513 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in WillScot Mobile Mini by 4.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 739,855 shares of the company’s stock valued at $30,771,000 after purchasing an additional 31,729 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of WillScot Mobile Mini by 34.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 21,278 shares of the company’s stock worth $885,000 after purchasing an additional 5,419 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of WillScot Mobile Mini by 15.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,015 shares of the company’s stock worth $1,332,000 after purchasing an additional 4,354 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Buying and Selling at WillScot Mobile Mini

In related news, 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 transaction of $3,562,500.00. Following the completion of the transaction, the director now owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Jeffrey Sagansky sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the transaction, the director now directly owns 2,420,905 shares of the company’s stock, valued at $114,992,987.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $47.76 per share, with a total value of $238,800.00. Following the acquisition, the chief executive officer now directly owns 13,869 shares of the company’s stock, valued at approximately $662,383.44. The disclosure for this purchase can be found here. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Oppenheimer lifted their target price on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. 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 report on Monday, April 1st. Barclays boosted their price target on WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Morgan Stanley started coverage on shares of WillScot Mobile Mini in a research note on Monday, January 8th. They issued an “equal weight” rating and a $45.00 price objective on the stock. Finally, Robert W. Baird cut their target price on shares of 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and a consensus target price of $51.13.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC traded down $0.25 on Friday, reaching $37.35. The company’s stock had a trading volume of 3,328,319 shares, compared to its average volume of 2,221,535. The company has a 50-day simple moving average of $43.42 and a 200 day simple moving average of $43.02. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.93 and a current ratio of 1.01. The company has a market cap of $7.10 billion, a P/E ratio of 23.06, a PEG ratio of 0.89 and a beta of 1.36. 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 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The company 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 24.06%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. As a group, equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.98 EPS for the current fiscal year.

About WillScot Mobile Mini

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.