Cumberland Partners Ltd Makes New Investment in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Cumberland Partners Ltd purchased a new position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Jennison Associates LLC boosted its stake in WillScot Mobile Mini by 7.2% in the 4th quarter. Jennison Associates LLC now owns 1,486,037 shares of the company’s stock worth $66,129,000 after purchasing an additional 99,478 shares during the period. Verdence Capital Advisors LLC boosted its stake in WillScot Mobile Mini by 10.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 23,549 shares of the company’s stock worth $1,048,000 after purchasing an additional 2,271 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in WillScot Mobile Mini by 34.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,151 shares of the company’s stock worth $1,920,000 after purchasing an additional 11,136 shares during the period. Bourgeon Capital Management LLC boosted its stake in WillScot Mobile Mini by 1,063.6% in 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 period. Finally, WCM Investment Management LLC boosted its stake in WillScot Mobile Mini by 9.4% in the 4th quarter. WCM Investment Management LLC now owns 409,694 shares of the company’s stock worth $18,412,000 after purchasing an additional 35,088 shares during the period. 95.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WSC has been the subject of a number of research reports. Stifel Nicolaus lowered their target price on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, April 4th. Oppenheimer increased their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Wells Fargo & Company increased their target price 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. Morgan Stanley initiated coverage on WillScot Mobile Mini in a research report on Monday, January 8th. They set an “equal weight” rating and a $45.00 target price for the company. Finally, Barclays increased their target price on WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of “Moderate Buy” and an average price target of $51.13.

WillScot Mobile Mini Trading Up 0.7 %

WSC traded up $0.28 during trading on Wednesday, reaching $38.06. The company had a trading volume of 1,351,551 shares, compared to its average volume of 1,891,676. The stock has a market cap of $7.23 billion, a P/E ratio of 16.21, a PEG ratio of 0.90 and a beta of 1.34. The business has a 50 day simple moving average of $45.28 and a 200-day simple moving average of $43.29. WillScot Mobile Mini Holdings Corp. has a 52 week low of $34.40 and a 52 week high of $52.16. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 2.81.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $612.38 million during the quarter, compared to the consensus estimate of $619.63 million. WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. On average, equities analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.98 EPS for the current fiscal year.

Insiders Place Their Bets

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 sale, the director now owns 2,420,905 shares in the company, valued at $114,992,987.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $47.76 per share, for a total transaction of $238,800.00. Following the completion of the purchase, the chief executive officer now owns 13,869 shares in the company, valued at approximately $662,383.44. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeffrey Sagansky sold 75,000 shares of the firm’s 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 transaction, the director now owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

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.