EverSource Wealth Advisors LLC Sells 1,636 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

EverSource Wealth Advisors LLC cut its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,257 shares of the company’s stock after selling 1,636 shares during the period. EverSource Wealth Advisors LLC’s holdings in WillScot Mobile Mini were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of WSC. Bourgeon Capital Management LLC raised its holdings in WillScot Mobile Mini by 1,063.6% during the 4th quarter. Bourgeon Capital Management LLC now owns 640 shares of the company’s stock worth $28,000 after purchasing an additional 585 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of WillScot Mobile Mini during the 4th quarter valued at $71,000. Quest Partners LLC acquired a new position in shares of WillScot Mobile Mini in the 4th quarter valued at $104,000. PFG Advisors bought a new stake in WillScot Mobile Mini in the fourth quarter valued at about $206,000. Finally, Cumberland Partners Ltd acquired a new position in WillScot Mobile Mini in the fourth quarter valued at about $222,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock traded down $0.77 during mid-day trading on Thursday, reaching $39.63. The company had a trading volume of 172,697 shares, compared to its average volume of 1,975,067. The business has a fifty day simple moving average of $41.58 and a 200 day simple moving average of $43.17. The company has a market cap of $7.54 billion, a P/E ratio of 24.94, a P/E/G ratio of 1.17 and a beta of 1.36. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 2.63. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $34.40 and a fifty-two week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). WillScot Mobile Mini had a net margin of 13.48% and a return on equity of 24.14%. The business had revenue of $587.18 million during the quarter, compared to the consensus estimate of $579.98 million. During the same quarter last year, the business earned $0.36 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WSC has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price objective 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. Barclays raised their price objective on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. DA Davidson dropped their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Wells Fargo & Company increased their price objective on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $53.00 target price (down previously from $60.00) on shares of WillScot Mobile Mini in a research report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

Insider Buying and Selling

In other news, Director Jeffrey Sagansky sold 75,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $114,992,987.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jeffrey Sagansky sold 75,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 2,420,905 shares in the company, valued at $114,992,987.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average price of $38.44 per share, with a total value of $192,200.00. Following the acquisition, the chief executive officer now owns 157,771 shares of the company’s stock, valued at $6,064,717.24. The disclosure for this purchase can be found here. 3.30% of the stock is owned by insiders.

WillScot Mobile Mini 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.