Assenagon Asset Management S.A. Boosts Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Assenagon Asset Management S.A. grew its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 252.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,429 shares of the company's stock after buying an additional 46,866 shares during the quarter. Assenagon Asset Management S.A.'s holdings in WillScot Mobile Mini were worth $2,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Raymond James & Associates boosted its position in shares of WillScot Mobile Mini by 13.9% during the fourth quarter. Raymond James & Associates now owns 134,374 shares of the company's stock valued at $5,980,000 after buying an additional 16,442 shares during the last quarter. Advisor Resource Council bought a new stake in shares of WillScot Mobile Mini in the 4th quarter worth $278,000. First Hawaiian Bank raised its holdings in shares of WillScot Mobile Mini by 12.0% in the fourth quarter. First Hawaiian Bank now owns 33,893 shares of the company's stock valued at $1,508,000 after purchasing an additional 3,640 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in WillScot Mobile Mini by 32.7% during the fourth quarter. Harbour Capital Advisors LLC now owns 10,450 shares of the company's stock worth $451,000 after purchasing an additional 2,575 shares during the last quarter. Finally, Citigroup Inc. grew its position in WillScot Mobile Mini by 233.8% in the 3rd quarter. Citigroup Inc. now owns 88,896 shares of the company's stock worth $3,697,000 after purchasing an additional 62,262 shares in the last quarter. 95.81% of the stock is owned by institutional investors.

WillScot Mobile Mini Price Performance

NASDAQ:WSC traded up $0.08 during trading hours on Wednesday, hitting $44.56. 1,642,321 shares of the company's stock traded hands, compared to its average volume of 1,871,410. The firm has a market cap of $8.47 billion, a P/E ratio of 19.12, a P/E/G ratio of 0.97 and a beta of 1.34. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 2.81. The business's fifty day simple moving average is $47.53 and its two-hundred day simple moving average is $43.35. WillScot Mobile Mini Holdings Corp. has a 52 week low of $34.40 and a 52 week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced 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). The company had revenue of $612.38 million during the quarter, compared to analysts' expectations of $619.63 million. WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. On average, research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 2.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WSC. Morgan Stanley assumed coverage on WillScot Mobile Mini in a research note on Monday, January 8th. They issued an "equal weight" rating and a $45.00 price objective for the company. Stifel Nicolaus raised their price objective on shares of WillScot Mobile Mini from $53.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, February 21st. Barclays boosted their target price on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, February 28th. Jefferies Financial Group lowered shares of 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. Finally, Oppenheimer lifted their price target on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $53.38.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of the stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $47.76 per share, for a total transaction of $238,800.00. Following the acquisition, the chief executive officer now owns 13,869 shares in the company, valued at approximately $662,383.44. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Jeffrey Sagansky sold 75,000 shares of the stock in a transaction dated 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the firm's stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $47.76 per share, for a total transaction 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 insiders.

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.