Trust Point Inc. Makes New $1.02 Million Investment in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Trust Point Inc. purchased a new position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,853 shares of the company's stock, valued at approximately $1,017,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearbridge Investments LLC lifted its holdings in WillScot Mobile Mini by 1.3% in the third quarter. Clearbridge Investments LLC now owns 5,609,388 shares of the company's stock valued at $233,294,000 after acquiring an additional 73,119 shares during the period. Citigroup Inc. grew its holdings in WillScot Mobile Mini by 233.8% during the 3rd quarter. Citigroup Inc. now owns 88,896 shares of the company's stock valued at $3,697,000 after buying an additional 62,262 shares in the last quarter. Osborne Partners Capital Management LLC purchased a new position in WillScot Mobile Mini during the 4th quarter valued at approximately $6,306,000. Assenagon Asset Management S.A. grew its holdings in WillScot Mobile Mini by 252.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 65,429 shares of the company's stock valued at $2,912,000 after buying an additional 46,866 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of WillScot Mobile Mini by 57.5% in the 3rd quarter. UBS Group AG now owns 218,718 shares of the company's stock worth $9,096,000 after purchasing an additional 79,857 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Stock Down 1.1 %

NASDAQ WSC traded down $0.48 during trading on Thursday, reaching $44.08. 1,931,076 shares of the company's stock were exchanged, compared to its average volume of 1,872,327. 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 2.81, a quick ratio of 0.93 and a current ratio of 1.01. The stock has a market cap of $8.37 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34. The company has a 50 day moving average price of $47.54 and a two-hundred day moving average price of $43.36.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.09). WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. The company had revenue of $612.38 million during the quarter, compared to analyst estimates of $619.63 million. During the same quarter last year, the firm earned $0.46 EPS. The business's revenue was down .5% on a year-over-year basis. On average, equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 2.07 EPS for the current fiscal year.

Insider Activity at WillScot Mobile Mini

In related news, Director Jeffrey Sagansky sold 75,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $47.50, for a total value of $3,562,500.00. Following the transaction, the director now directly owns 2,420,905 shares of the company's stock, valued at approximately $114,992,987.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction dated 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 of the company's stock, valued at $662,383.44. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the director now directly owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus decreased their price target on WillScot Mobile Mini from $58.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday. 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 for the company. Oppenheimer lifted their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an "outperform" rating in a research report on Friday, January 19th. Barclays boosted their price target on WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a "buy" rating in a research report on Tuesday, January 30th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company 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.