Sciencast Management LP Sells 22,657 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Sciencast Management LP decreased its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 64.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,430 shares of the company’s stock after selling 22,657 shares during the period. Sciencast Management LP’s holdings in WillScot Mobile Mini were worth $578,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bourgeon Capital Management LLC raised its stake in shares of WillScot Mobile Mini by 1,063.6% during the fourth quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock valued at $28,000 after acquiring an additional 585 shares during the last quarter. Quarry LP bought a new position in shares of WillScot Mobile Mini during the fourth quarter valued at $38,000. TFO Wealth Partners LLC raised its stake in shares of WillScot Mobile Mini by 6,578.6% during the fourth quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock valued at $42,000 after acquiring an additional 921 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in WillScot Mobile Mini during the first quarter worth $55,000. Finally, Principal Securities Inc. bought a new position in WillScot Mobile Mini during the fourth quarter worth $71,000. Institutional investors own 95.81% of the company’s stock.

Insider Activity

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of $38.44 per share, for a total transaction of $192,200.00. Following the completion of the acquisition, 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 hyperlink. Corporate insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WSC. Oppenheimer reissued an “outperform” rating and set a $53.00 target price (down previously from $60.00) on shares of WillScot Mobile Mini in a research note on Monday, May 6th. Jefferies Financial Group downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their target price for the stock from $58.00 to $42.00 in a research note on Monday, April 1st. Stifel Nicolaus lowered their target price on shares of 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. DA Davidson lowered their target price on shares of 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, Robert W. Baird reduced their price target on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.00.

WillScot Mobile Mini Stock Up 0.7 %

Shares of NASDAQ WSC traded up $0.27 during mid-day trading on Friday, reaching $38.29. 1,535,155 shares of the company’s stock traded hands, compared to its average volume of 1,921,190. The stock has a market cap of $7.28 billion, a P/E ratio of 23.64, a PEG ratio of 1.09 and a beta of 1.38. The business has a 50-day simple moving average of $38.68 and a 200 day simple moving average of $42.68. WillScot Mobile Mini Holdings Corp. has a 1-year low of $34.40 and a 1-year high of $52.16. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The business had revenue of $587.18 million for the quarter, compared to analyst estimates of $579.98 million. WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.14%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. On average, analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.85 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.