Ingalls & Snyder LLC Trims Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Ingalls & Snyder LLC reduced its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 13.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,757 shares of the company’s stock after selling 2,632 shares during the quarter. Ingalls & Snyder LLC’s holdings in WillScot Mobile Mini were worth $561,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Douglass Winthrop Advisors LLC raised its position in WillScot Mobile Mini by 32.4% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company’s stock worth $6,209,000 after purchasing an additional 40,393 shares during the period. First Sabrepoint Capital Management LP grew its stake in WillScot Mobile Mini by 17.5% in the 3rd quarter. First Sabrepoint Capital Management LP now owns 238,143 shares of the company’s stock worth $8,954,000 after acquiring an additional 35,492 shares in the last quarter. Buck Wealth Strategies LLC grew its stake in WillScot Mobile Mini by 39.6% in the 4th quarter. Buck Wealth Strategies LLC now owns 107,307 shares of the company’s stock worth $3,589,000 after acquiring an additional 30,450 shares in the last quarter. Bislett Management LLC grew its stake in WillScot Mobile Mini by 3.1% in the 3rd quarter. Bislett Management LLC now owns 1,170,000 shares of the company’s stock worth $43,992,000 after acquiring an additional 35,000 shares in the last quarter. Finally, Swedbank AB grew its stake in WillScot Mobile Mini by 229.2% in the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock worth $121,298,000 after acquiring an additional 2,246,000 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Sally J. Shanks sold 14,059 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the transaction, the chief accounting officer now directly owns 26,113 shares in the company, valued at $905,859.97. The trade was a 35.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Graeme Parkes sold 2,900 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the transaction, the insider now owns 72,818 shares in the company, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Trading Up 3.9 %

Shares of NASDAQ:WSC opened at $38.27 on Friday. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.57 and a 12-month high of $51.23. The business’s fifty day simple moving average is $35.87 and its 200-day simple moving average is $36.96. The company has a market capitalization of $7.07 billion, a PE ratio of 347.94, a P/E/G ratio of 1.93 and a beta of 1.41. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WSC shares. Baird R W downgraded shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Barclays dropped their target price on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Robert W. Baird dropped their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.50.

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.