Hsbc Holdings PLC Sells 35,635 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Hsbc Holdings PLC trimmed its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 72.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,529 shares of the company's stock after selling 35,635 shares during the quarter. Hsbc Holdings PLC's holdings in WillScot Mobile Mini were worth $602,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. TCW Group Inc. purchased a new stake in shares of WillScot Mobile Mini during the fourth quarter valued at $7,999,000. King Luther Capital Management Corp lifted its stake in WillScot Mobile Mini by 1.2% during the fourth quarter. King Luther Capital Management Corp now owns 72,224 shares of the company's stock valued at $3,214,000 after buying an additional 872 shares in the last quarter. Franklin Resources Inc. increased its position in shares of WillScot Mobile Mini by 149.9% in the fourth quarter. Franklin Resources Inc. now owns 6,751,072 shares of the company's stock worth $300,423,000 after acquiring an additional 4,049,872 shares in the last quarter. Yarra Square Partners LP raised its holdings in shares of WillScot Mobile Mini by 8.4% during the fourth quarter. Yarra Square Partners LP now owns 194,087 shares of the company's stock valued at $8,637,000 after acquiring an additional 15,000 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at approximately $104,000. Institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Price Performance

Shares of WSC stock traded down $0.25 during mid-day trading on Friday, reaching $37.35. The company's stock had a trading volume of 3,328,319 shares, compared to its average volume of 2,221,535. The firm's 50-day moving average is $43.42 and its two-hundred day moving average is $43.02. The company has a market cap of $7.10 billion, a P/E ratio of 23.06, a PEG ratio of 0.89 and a beta of 1.36. 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.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The company had revenue of $587.18 million during the quarter, compared to the consensus estimate of $579.98 million. WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.06%. The company's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. On average, research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.98 earnings per share for the current year.

Insiders Place Their Bets

In other WillScot Mobile Mini news, Director Jeffrey Sagansky sold 75,000 shares of the firm's 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 completion of 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 Securities & Exchange Commission, which is available at this hyperlink. In other WillScot Mobile Mini 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 in the company, valued at approximately $114,992,987.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bradley Lee Soultz bought 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, 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 approximately $662,383.44. The disclosure for this purchase can be found here. Insiders own 3.10% of the company's stock.

Analyst Ratings Changes

WSC has been the subject of a number of research analyst reports. Robert W. Baird reduced their price target on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an "outperform" rating for the company in a research report on Monday, April 22nd. Morgan Stanley assumed 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 for the company. Stifel Nicolaus dropped their price target on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, April 4th. Wells Fargo & Company lifted their price objective on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an "overweight" rating in a research report on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft upped their target price 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $51.13.

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.