Alliancebernstein L.P. Has $84.84 Million Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Alliancebernstein L.P. reduced its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 23.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,536,424 shares of the company's stock after selling 790,089 shares during the period. Alliancebernstein L.P. owned 1.37% of WillScot Mobile Mini worth $84,843,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp raised its position in WillScot Mobile Mini by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after acquiring an additional 1,113 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in shares of WillScot Mobile Mini during the 4th quarter worth $216,000. Stephens Inc. AR raised its holdings in shares of WillScot Mobile Mini by 23.0% during the 4th quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock valued at $219,000 after purchasing an additional 1,222 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at $224,000. Finally, Avantax Advisory Services Inc. bought a new stake in WillScot Mobile Mini in the fourth quarter worth $232,000. 95.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WSC has been the topic of a number of recent analyst reports. Robert W. Baird cut their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Morgan Stanley raised shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Oppenheimer decreased their price objective on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Finally, Barclays dropped their target price on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, WillScot Mobile Mini currently has an average rating of "Moderate Buy" and an average target price of $42.00.

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Insiders Place Their Bets

In other news, Director Erik Olsson sold 110,307 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the transaction, the director now directly owns 626,306 shares in the company, valued at approximately $18,908,178.14. This represents a 14.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Timothy D. Boswell purchased 5,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the purchase, the chief operating officer now directly owns 34,156 shares of the company's stock, valued at $995,305.84. The trade was a 17.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.30% of the company's stock.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC traded down $0.00 on Tuesday, hitting $23.99. The stock had a trading volume of 692,781 shares, compared to its average volume of 2,662,631. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 160.06, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The firm's 50 day moving average price is $32.59 and its 200-day moving average price is $35.29. WillScot Mobile Mini Holdings Corp. has a twelve month low of $21.91 and a twelve month high of $44.50.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $602.52 million for the quarter, compared to analysts' expectations of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. On average, equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is currently 186.67%.

WillScot Mobile Mini Company 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.