Avior Wealth Management LLC Cuts Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Avior Wealth Management LLC decreased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,025 shares of the company’s stock after selling 1,521 shares during the quarter. Avior Wealth Management LLC’s holdings in WillScot Mobile Mini were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC acquired a new stake in WillScot Mobile Mini in the third quarter valued at approximately $25,000. Bourgeon Capital Management LLC grew its holdings in 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 purchasing an additional 585 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in WillScot Mobile Mini during the 3rd quarter worth $31,000. IFP Advisors Inc lifted its holdings in WillScot Mobile Mini by 142.4% in the 2nd quarter. IFP Advisors Inc now owns 778 shares of the company’s stock worth $37,000 after buying an additional 457 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in WillScot Mobile Mini in the 1st quarter valued at about $46,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jeffrey Sagansky sold 75,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the sale, the director now directly owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jeffrey Sagansky sold 75,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $47.50, for a total value of $3,562,500.00. Following the sale, the director now owns 2,420,905 shares of the company’s stock, valued at approximately $114,992,987.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $47.76 per share, with a total value of $238,800.00. Following the completion of the purchase, the chief executive officer now directly owns 13,869 shares in the company, valued at $662,383.44. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by corporate insiders.

WillScot Mobile Mini Stock Performance

WSC stock opened at $37.98 on Friday. The firm has a market cap of $7.22 billion, a P/E ratio of 16.30, a P/E/G ratio of 0.91 and a beta of 1.34. The stock’s 50 day simple moving average is $46.06 and its 200 day simple moving average is $43.32. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 2.81. WillScot Mobile Mini Holdings Corp. has a 12-month low of $34.40 and a 12-month high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Tuesday, February 20th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. The business had revenue of $612.38 million for the quarter, compared to analyst estimates of $619.63 million. During the same period last year, the company posted $0.46 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.98 EPS for the current year.

Wall Street Analysts Forecast Growth

WSC has been the topic of a number of analyst reports. Morgan Stanley initiated coverage on WillScot Mobile Mini in a research report on Monday, January 8th. They set an “equal weight” rating and a $45.00 target price on the stock. Stifel Nicolaus cut their target price on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, April 4th. Oppenheimer increased their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Wells Fargo & Company lifted their price target on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.38.

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.