Trexquant Investment LP Takes Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Trexquant Investment LP bought a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 209,477 shares of the company's stock, valued at approximately $9,322,000. Trexquant Investment LP owned approximately 0.11% of WillScot Mobile Mini at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Clearbridge Investments LLC raised its position in shares of WillScot Mobile Mini by 1.3% in the 3rd quarter. Clearbridge Investments LLC now owns 5,609,388 shares of the company's stock valued at $233,294,000 after purchasing an additional 73,119 shares in the last quarter. Trust Point Inc. acquired a new stake in WillScot Mobile Mini in the fourth quarter valued at $1,017,000. Citigroup Inc. boosted its stake 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 acquiring an additional 62,262 shares during the last quarter. 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 worth $2,912,000 after acquiring an additional 46,866 shares in the last quarter. Finally, Osborne Partners Capital Management LLC bought a new stake in shares of WillScot Mobile Mini in the 4th quarter worth about $6,306,000. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Mobile Mini Price Performance

Shares of WSC traded up $0.32 during trading hours on Tuesday, hitting $41.87. 1,786,078 shares of the company were exchanged, compared to its average volume of 1,979,059. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.97 and a quick ratio of 0.89. The company has a market capitalization of $7.96 billion, a PE ratio of 25.85, a PEG ratio of 1.14 and a beta of 1.36. The firm has a fifty day simple moving average of $41.78 and a 200-day simple moving average of $43.15. WillScot Mobile Mini Holdings Corp. has a one year low of $34.40 and a one year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). The firm had revenue of $587.18 million for the quarter, compared to analysts' expectations of $579.98 million. WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.14%. WillScot Mobile Mini's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share. As a group, sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.89 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on WSC shares. Wells Fargo & Company raised their price objective on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 21st. DA Davidson decreased their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a "buy" rating for the company in a report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft boosted 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 report on Tuesday, January 30th. Stifel Nicolaus cut their target price on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday, April 4th. Finally, Barclays upped their target price on WillScot Mobile Mini from $50.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.00.

Insider Buying and Selling

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $47.76 per share, with a total value of $238,800.00. Following the completion of the transaction, the chief executive officer now directly owns 13,869 shares of the company's stock, valued at $662,383.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $47.76 per share, for a total transaction of $238,800.00. Following the completion of the acquisition, the chief executive officer now owns 13,869 shares in the company, valued at $662,383.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini stock in a transaction 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 of the company's stock, valued at approximately $114,992,987.50. The disclosure for this sale can be found here. Company insiders own 3.30% of the company's stock.

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.