Silvercrest Asset Management Group LLC Has $44.21 Million Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Silvercrest Asset Management Group LLC decreased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 950,661 shares of the company’s stock after selling 19,658 shares during the quarter. Silvercrest Asset Management Group LLC owned 0.50% of WillScot Mobile Mini worth $44,206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of WillScot Mobile Mini by 4.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,668,190 shares of the company’s stock worth $542,572,000 after purchasing an additional 456,674 shares during the last quarter. Franklin Resources Inc. increased its position in WillScot Mobile Mini by 149.9% in the 4th quarter. Franklin Resources Inc. now owns 6,751,072 shares of the company’s stock valued at $300,423,000 after buying an additional 4,049,872 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of WillScot Mobile Mini by 3.5% during the fourth quarter. Clearbridge Investments LLC now owns 5,807,486 shares of the company’s stock worth $258,433,000 after purchasing an additional 198,098 shares during the period. Bessemer Group Inc. increased its stake in WillScot Mobile Mini by 3.2% during the 1st quarter. Bessemer Group Inc. now owns 4,245,829 shares of the company’s stock valued at $197,432,000 after purchasing an additional 132,503 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of WillScot Mobile Mini by 112.0% during the first quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after acquiring an additional 2,063,746 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

Insider Activity

In related news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average cost of $38.44 per share, for a total transaction of $192,200.00. Following the completion of the transaction, the chief executive officer now owns 157,771 shares in the company, valued at $6,064,717.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on WSC. Jefferies Financial Group lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price target for the company from $58.00 to $42.00 in a research report on Monday, April 1st. Robert W. Baird decreased their target price on 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. Oppenheimer reaffirmed an “outperform” rating and set a $53.00 price target (down previously from $60.00) on shares of WillScot Mobile Mini in a research report on Monday, May 6th. DA Davidson cut their price target on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Finally, Stifel Nicolaus dropped their price objective on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

WillScot Mobile Mini Price Performance

Shares of WSC stock traded down $0.27 during trading hours on Tuesday, reaching $41.09. The stock had a trading volume of 732,659 shares, compared to its average volume of 2,008,036. The stock’s fifty day simple moving average is $38.96 and its 200 day simple moving average is $42.41. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $7.81 billion, a PE ratio of 25.48, a PEG ratio of 1.23 and a beta of 1.39. WillScot Mobile Mini Holdings Corp. has a 12 month low of $34.40 and a 12 month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.14%. The firm had revenue of $587.18 million during the quarter, compared to the consensus estimate of $579.98 million. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini 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.