Highlander Partners L.P. Buys 60,700 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Highlander Partners L.P. increased its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 89.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 128,200 shares of the company’s stock after acquiring an additional 60,700 shares during the period. WillScot Mobile Mini accounts for 4.6% of Highlander Partners L.P.’s holdings, making the stock its 8th largest position. Highlander Partners L.P.’s holdings in WillScot Mobile Mini were worth $5,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of WSC. Bourgeon Capital Management LLC increased its holdings in WillScot Mobile Mini by 1,063.6% during the 4th quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock valued at $28,000 after purchasing an additional 585 shares in the last quarter. PFG Advisors acquired a new stake in WillScot Mobile Mini during the 4th quarter valued at $206,000. Cumberland Partners Ltd acquired a new stake in WillScot Mobile Mini during the 4th quarter valued at $222,000. Vanguard Personalized Indexing Management LLC increased its holdings in WillScot Mobile Mini by 8.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,574 shares of the company’s stock valued at $232,000 after purchasing an additional 422 shares in the last quarter. Finally, Pathstone Family Office LLC increased its holdings in WillScot Mobile Mini by 5.6% during 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 in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on WSC. Wells Fargo & Company lifted their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Stifel Nicolaus lowered their target price on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, April 4th. Jefferies Financial Group cut 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 note on Monday, April 1st. Deutsche Bank Aktiengesellschaft lifted their target price on WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, Morgan Stanley initiated coverage on WillScot Mobile Mini in a research note on Monday, January 8th. They issued an “equal weight” rating and a $45.00 target price for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $51.00.

WillScot Mobile Mini Trading Up 2.3 %

WSC stock traded up $0.88 during midday trading on Tuesday, hitting $39.18. 1,934,067 shares of the company’s stock were exchanged, compared to its average volume of 1,965,256. The stock’s fifty day moving average price is $43.22 and its 200-day moving average price is $43.03. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.89 and a current ratio of 0.97. The company has a market cap of $7.44 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 0.89 and a beta of 1.36. WillScot Mobile Mini Holdings Corp. has a one year low of $34.40 and a one year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last posted 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 business had revenue of $587.18 million for the quarter, compared to the consensus estimate of $579.98 million. WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.96 earnings per share for the current fiscal year.

Insider Activity

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

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.