Jennison Associates LLC Raises Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Jennison Associates LLC increased its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,486,037 shares of the company's stock after buying an additional 99,478 shares during the period. Jennison Associates LLC owned 0.78% of WillScot Mobile Mini worth $66,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WSC. Verdence Capital Advisors LLC raised its position in WillScot Mobile Mini by 10.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,549 shares of the company's stock valued at $1,048,000 after purchasing an additional 2,271 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in WillScot Mobile Mini by 34.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,151 shares of the company's stock valued at $1,920,000 after purchasing an additional 11,136 shares in the last quarter. Bourgeon Capital Management LLC grew its stake in shares of WillScot Mobile Mini by 1,063.6% during the fourth quarter. Bourgeon Capital Management LLC now owns 640 shares of the company's stock worth $28,000 after buying an additional 585 shares during the last quarter. WCM Investment Management LLC grew its stake in shares of WillScot Mobile Mini by 9.4% during the fourth quarter. WCM Investment Management LLC now owns 409,694 shares of the company's stock worth $18,412,000 after buying an additional 35,088 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of WillScot Mobile Mini during the fourth quarter worth $725,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Stock Down 0.6 %

Shares of WSC traded down $0.23 on Tuesday, reaching $37.78. The company's stock had a trading volume of 2,452,280 shares, compared to its average volume of 1,899,788. 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 twelve month low of $34.40 and a twelve month high of $52.16. The stock has a market capitalization of $7.18 billion, a PE ratio of 16.21, a PEG ratio of 0.91 and a beta of 1.34. The firm has a fifty day moving average of $45.53 and a 200-day moving average of $43.32.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.44 earnings per share (EPS) 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 firm had revenue of $612.38 million during the quarter, compared to the consensus estimate of $619.63 million. During the same period in the previous year, the company posted $0.46 earnings per share. The company's revenue for the quarter was down .5% on a year-over-year basis. Equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.98 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on WSC. Robert W. Baird decreased their target price on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday. Morgan Stanley began coverage on shares of WillScot Mobile Mini in a research note on Monday, January 8th. They set an "equal weight" rating and a $45.00 target price on the stock. Barclays boosted their target price on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a "buy" rating in a research note on Tuesday, January 30th. Finally, Jefferies Financial Group cut shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and decreased their target price for the stock from $58.00 to $42.00 in a research note on Monday, April 1st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $51.13.

Insiders Place Their Bets

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

WillScot Mobile Mini Company Profile

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.