JPMorgan Chase & Co. Reduces Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

JPMorgan Chase & Co. lowered its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSCGet Rating) by 9.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,478,216 shares of the company’s stock after selling 600,071 shares during the period. JPMorgan Chase & Co.’s holdings in WillScot Mobile Mini were worth $177,604,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. National Bank of Canada FI bought a new stake in WillScot Mobile Mini in the second quarter worth about $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in WillScot Mobile Mini in the first quarter worth about $32,000. SRS Capital Advisors Inc. lifted its stake in WillScot Mobile Mini by 82.7% in the first quarter. SRS Capital Advisors Inc. now owns 1,149 shares of the company’s stock worth $45,000 after purchasing an additional 520 shares during the last quarter. Quantbot Technologies LP bought a new stake in WillScot Mobile Mini in the first quarter worth about $46,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in WillScot Mobile Mini in the second quarter worth about $58,000. Hedge funds and other institutional investors own 94.92% of the company’s stock.

WillScot Mobile Mini Stock Performance

Shares of WSC stock opened at $47.27 on Monday. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 1.21 and a beta of 1.54. The company’s 50 day moving average is $42.82 and its 200 day moving average is $38.75. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.75. WillScot Mobile Mini Holdings Corp. has a 52-week low of $30.52 and a 52-week high of $49.02.

Insider Activity 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 that occurred on Monday, November 7th. The shares were bought at an average cost of $46.88 per share, with a total value of $234,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 431,683 shares in the company, valued at approximately $20,237,299.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The shares were bought at an average cost of $46.88 per share, with a total value of $234,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 431,683 shares in the company, valued at approximately $20,237,299.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Sagansky sold 50,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $46.13, for a total transaction of $2,306,500.00. Following the transaction, the director now directly owns 2,595,712 shares in the company, valued at $119,740,194.56. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

WSC has been the subject of several analyst reports. Oppenheimer raised their price objective on shares of WillScot Mobile Mini to $48.00 in a research note on Thursday, October 13th. Morgan Stanley lifted their price target on shares of WillScot Mobile Mini from $51.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, November 7th. Robert W. Baird lifted their price target on shares of WillScot Mobile Mini from $45.00 to $53.00 in a research note on Thursday, November 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of WillScot Mobile Mini from $49.00 to $50.00 in a research note on Monday, August 8th. Finally, DA Davidson lifted their price target on shares of WillScot Mobile Mini to $50.00 in a research note on Tuesday, August 9th.

WillScot Mobile Mini Company Profile

(Get Rating)

WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom. The company leases modular space and portable storage units to customers in the commercial and industrial, construction, education, energy and natural resources, government, and other end markets.

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Institutional Ownership by Quarter for WillScot Mobile Mini (NASDAQ:WSC)

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