Nisa Investment Advisors LLC Sells 6,065 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Nisa Investment Advisors LLC trimmed its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 47.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,594 shares of the company’s stock after selling 6,065 shares during the quarter. Nisa Investment Advisors LLC’s holdings in WillScot Mobile Mini were worth $248,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WSC. Financial Management Professionals Inc. bought a new position in shares of WillScot Mobile Mini in the 3rd quarter valued at about $36,000. Osborne Partners Capital Management LLC lifted its stake in WillScot Mobile Mini by 2.1% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 160,467 shares of the company’s stock valued at $6,034,000 after purchasing an additional 3,303 shares during the last quarter. Mraz Amerine & Associates Inc. bought a new position in WillScot Mobile Mini during the third quarter worth about $254,000. International Assets Investment Management LLC increased its position in WillScot Mobile Mini by 3,631.0% during the third quarter. International Assets Investment Management LLC now owns 24,177 shares of the company’s stock worth $909,000 after buying an additional 23,529 shares during the last quarter. Finally, Whittier Trust Co. raised its stake in WillScot Mobile Mini by 4.7% in the third quarter. Whittier Trust Co. now owns 43,328 shares of the company’s stock valued at $1,629,000 after buying an additional 1,950 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on WSC shares. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Stifel Nicolaus dropped their price objective on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Oppenheimer cut their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Bank of America decreased their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Barclays cut their price objective on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, WillScot Mobile Mini has an average rating of “Hold” and an average target price of $45.00.

WillScot Mobile Mini Trading Up 5.2 %

Shares of NASDAQ:WSC opened at $39.80 on Thursday. The company has a market capitalization of $7.50 billion, a P/E ratio of 361.85, a P/E/G ratio of 2.23 and a beta of 1.37. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The business’s 50 day simple moving average is $37.93 and its 200 day simple moving average is $38.25. WillScot Mobile Mini Holdings Corp. has a 1 year low of $32.71 and a 1 year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The company had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. During the same quarter in the previous year, the business posted $0.46 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Insider Activity

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was purchased at an average cost of $36.38 per share, for a total transaction of $181,900.00. Following the completion of the purchase, the chief executive officer now directly owns 144,686 shares of the company’s stock, valued at approximately $5,263,676.68. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Profile

WillScot Holdings Corporation 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.