Ingalls & Snyder LLC Sells 379 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Ingalls & Snyder LLC decreased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 1.9% during the third quarter, HoldingsChannel reports. The fund owned 19,389 shares of the company’s stock after selling 379 shares during the quarter. Ingalls & Snyder LLC’s holdings in WillScot Mobile Mini were worth $729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in WSC. V Square Quantitative Management LLC bought a new stake in shares of WillScot Mobile Mini during the 3rd quarter valued at $25,000. Hexagon Capital Partners LLC grew its holdings in WillScot Mobile Mini by 200.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock valued at $34,000 after buying an additional 600 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of WillScot Mobile Mini during the third quarter valued at about $36,000. Summit Securities Group LLC purchased a new stake in shares of WillScot Mobile Mini in the second quarter worth about $56,000. Finally, CWM LLC boosted its position in shares of WillScot Mobile Mini by 80.3% in the second quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $62,000 after acquiring an additional 728 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Down 1.3 %

Shares of WSC stock opened at $37.70 on Wednesday. The business has a 50-day moving average of $37.40 and a 200 day moving average of $38.03. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. WillScot Mobile Mini Holdings Corp. has a 1-year low of $32.71 and a 1-year high of $52.16. The stock has a market capitalization of $6.97 billion, a PE ratio of 342.76, a P/E/G ratio of 2.31 and a beta of 1.38.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WSC. Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Barclays reduced their target price on 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. Robert W. Baird lowered their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price objective for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of “Hold” and an average target price of $45.00.

Insider Buying and Selling

In related news, CAO Sally J. Shanks sold 14,059 shares of WillScot Mobile Mini stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.69, for a total value of $487,706.71. Following the sale, the chief accounting officer now owns 26,113 shares in the company, valued at $905,859.97. The trade was a 35.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was bought at an average price of $36.38 per share, with a total value of $181,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 144,686 shares in the company, valued at approximately $5,263,676.68. This represents a 3.58 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 20,000 shares of company stock valued at $728,750 over the last ninety days. 3.30% of the stock is owned by insiders.

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.