Congress Asset Management Co. MA Lowers Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Congress Asset Management Co. MA lowered its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,977,509 shares of the company’s stock after selling 71,016 shares during the period. Congress Asset Management Co. MA’s holdings in WillScot Mobile Mini were worth $87,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WSC. Bourgeon Capital Management LLC raised its holdings in shares of 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 buying an additional 585 shares in the last quarter. Quarry LP purchased a new position in shares of WillScot Mobile Mini during the 4th quarter valued at about $38,000. TFO Wealth Partners LLC raised its holdings in shares of WillScot Mobile Mini by 6,578.6% during the 4th quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock valued at $42,000 after buying an additional 921 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of WillScot Mobile Mini during the 4th quarter valued at about $71,000. Finally, Sage Rock Capital Management LP purchased a new position in shares of WillScot Mobile Mini during the 4th quarter valued at about $80,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Down 2.1 %

WillScot Mobile Mini stock traded down $0.81 during trading hours on Friday, reaching $37.85. The company had a trading volume of 1,053,570 shares, compared to its average volume of 1,702,967. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 1.11 and a beta of 1.40. WillScot Mobile Mini Holdings Corp. has a 12-month low of $34.40 and a 12-month high of $52.16. The company has a 50-day moving average price of $39.29 and a 200 day moving average price of $43.31. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.97 and a quick ratio of 0.89.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The business had revenue of $587.18 million during 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%. WillScot Mobile Mini’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. Equities analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.85 earnings per share for the current year.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average cost of $38.44 per share, for a total transaction of $192,200.00. Following 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 filing with the SEC, which is available through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WSC. Stifel Nicolaus decreased their price objective on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, April 4th. Oppenheimer reissued an “outperform” rating and set a $53.00 price objective (down from $60.00) on shares of WillScot Mobile Mini in a report on Monday, May 6th. Wells Fargo & Company raised their price objective on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Jefferies Financial Group cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price target for the stock from $58.00 to $42.00 in a research note on Monday, April 1st. Finally, DA Davidson decreased their price target on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

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.