Everence Capital Management Inc. Acquires Shares of 8,330 WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Everence Capital Management Inc. bought a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the 4th quarter, Holdings Channel reports. The institutional investor bought 8,330 shares of the company’s stock, valued at approximately $279,000.

Other large investors have also recently modified their holdings of the company. Baupost Group LLC MA acquired a new stake in WillScot Mobile Mini in the second quarter valued at approximately $92,971,000. William Blair Investment Management LLC boosted its holdings in shares of WillScot Mobile Mini by 102.9% during the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock valued at $174,796,000 after acquiring an additional 2,355,445 shares in the last quarter. Swedbank AB grew its position in WillScot Mobile Mini by 229.2% during 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 during the last quarter. Nippon Life Global Investors Americas Inc. acquired a new position in WillScot Mobile Mini in the 2nd quarter worth about $23,394,000. Finally, Point72 Asset Management L.P. bought a new position in WillScot Mobile Mini in the third quarter valued at about $20,773,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WSC shares. Robert W. Baird reduced their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price target for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Barclays decreased their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Finally, Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

WillScot Mobile Mini Stock Down 0.6 %

Shares of NASDAQ:WSC opened at $34.13 on Wednesday. WillScot Mobile Mini Holdings Corp. has a 1 year low of $32.57 and a 1 year high of $52.16. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The business’s 50-day moving average is $36.23 and its 200-day moving average is $37.38. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 310.30, a P/E/G ratio of 2.12 and a beta of 1.40.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The business had revenue of $601.43 million for the quarter, compared to the consensus estimate of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. WillScot Mobile Mini’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 earnings per share. Equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Insiders Place Their Bets

In other WillScot Mobile Mini news, EVP Hezron T. Lopez sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.38, for a total value of $787,600.00. Following the completion of the sale, the executive vice president now owns 57,918 shares of the company’s stock, valued at approximately $2,280,810.84. This trade represents a 25.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Sally J. Shanks sold 14,059 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.69, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 15,000 shares of company stock worth $533,900 and sold 36,959 shares worth $1,382,636. Corporate insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Company Profile

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.