The Bank of Nova Scotia invests $222,000 in WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC)

Roesia ClementMay 26, 2023

0 0 4 minutes read

The Bank of Nova Scotia has acquired a new equity position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filed with the Securities and Exchange Commission. The company acquired 4,924 shares of the company, valued at approximately $222,000.

Several other institutional investors have also recently changed their stake in the company. William Blair Investment Management LLC increased its holdings of WillScot Mobile Mini shares by 224.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,457,105 shares of the company worth $110,987,000 after purchasing an additional 1,698,753 shares in the last quarter. First Trust Advisors LP increased its position in shares of WillScot Mobile Mini by 39.5% during the 4th quarter. First Trust Advisors LP now owns 795,565 shares of the company worth $35,935,000 after purchasing an additional 225,131 shares during the period. Principal Financial Group Inc. increased its position in WillScot Mobile Mini shares by 865.0% during the 4th quarter. Principal Financial Group Inc. now owns 231,930 shares of the company worth $10,476,000 after purchasing an additional 207,895 shares during the period. BCK Capital Management LP increased its position in shares of WillScot Mobile Mini by 5.3% during the 4th quarter. BCK Capital Management LP now owns 90,530 shares of the company worth $4,089,000 after purchasing an additional 4,569 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in WillScot Mobile Mini shares by 22,169.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 15,366 shares of the company worth $694,000 after purchasing an additional 15,297 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s shares.

Insider buying and selling

Separately, director Erika T. Davis acquired 2,950 shares of the company in a transaction that took place on Monday, February 27. The shares were acquired at an average cost of $50.65 per share, with a total value of $149,417.50. Following the completion of the purchase, the director now directly owns 6,313 shares of the company, valued at $319,753.45. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. In other WillScot Mobile Mini news, Director Erika T. Davis purchased 2,950 shares of the company in a trade on Monday, February 27. The shares were purchased at an average cost of $50.65 per share, with a total value of $149,417.50. Following the completion of the purchase, the administrator now owns 6,313 shares of the company, valued at $319,753.45. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Additionally, CEO Bradley Lee Soultz purchased 5,000 shares of the company in a trade on Tuesday, May 2. The shares were acquired at an average cost of $44.62 per share, with a total value of $223,100.00. After the purchase was completed, the CEO now owns 10,000 shares of the company, valued at approximately $446,200. Disclosure of this purchase can be found here. Insiders have purchased a total of 12,950 shares of the company worth $624,868 over the past three months. Insiders of the company hold 3.10% of the shares of the company.

WillScot Mobile Mini is trading down 0.6%

WSC stock opened at $44.26 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt ratio of 1.84. WillScot Mobile Mini Holdings Corp. has a 12-month low of $30.52 and a 12-month high of $53.46. The company has a fifty-day moving average of $44.00 and a 200-day moving average of $46.47. The company has a market capitalization of $8.95 billion, a P/E ratio of 19.16, a PEG ratio of 1.34 and a beta of 1.52.

WillScot Mobile Mini (NASDAQ:WSC – Get Rating) last reported quarterly earnings data on Tuesday, February 21. The company reported EPS of $0.46 for the quarter, beating analyst consensus estimates of $0.42 by $0.04. WillScot Mobile Mini had a return on equity of 20.32% and a net margin of 21.32%. The company posted revenue of $590.55 million in the quarter, compared to $587.95 million expected by analysts. As a group, equity research analysts expect WillScot Mobile Mini Holdings Corp. posts an EPS of 1.84 for the current year.

A Wall Street analyst gives his opinion

Several equity analysts have recently commented on WSC shares. William Blair began WillScot Mobile Mini coverage in a research report on Wednesday, February 8. They set an “outperform” rating for the company. Robert W. Baird raised his price target on WillScot Mobile Mini from $50.00 to $55.00 in a research report on Thursday, April 27. Morgan Stanley cut its price target on WillScot Mobile Mini from $62.00 to $60.00 and set an “overweight” rating for the company in a Tuesday, February 14 research report. Deutsche Bank Aktiengesellschaft raised its price target on WillScot Mobile Mini from $54.00 to $56.00 in a research report on Friday, April 28. Finally, Oppenheimer raised its price target on WillScot Mobile Mini from $51.00 to $53.00 and gave the company an “outperform” rating in a Thursday, February 23 research report. Six research analysts have rated the stock with a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $54.83.

About WillScot Mobile Mini (Get a review)

WillScot Mobile Mini Holdings Corp. provides modular and portable storage services. The company offers furniture rental, transportation and logistics, storage and facilities, and commercial real estate services. It offers turnkey office space and warehousing solutions for temporary applications in commercial and industrial, construction, retail, education, healthcare, government, transport, security and energy.