Bessemer Group Inc. Lowers Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Bessemer Group Inc. decreased its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 20.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,686,416 shares of the company's stock after selling 926,739 shares during the period. Bessemer Group Inc. owned about 2.00% of WillScot Mobile Mini worth $123,311,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Jones Financial Companies Lllp boosted its holdings in WillScot Mobile Mini by 93.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after acquiring an additional 1,113 shares in the last quarter. Headlands Technologies LLC purchased a new stake in WillScot Mobile Mini during the 4th quarter worth approximately $174,000. FourThought Financial Partners LLC acquired a new position in WillScot Mobile Mini during the 4th quarter valued at approximately $216,000. Stephens Inc. AR lifted its stake in shares of WillScot Mobile Mini by 23.0% during the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock worth $219,000 after buying an additional 1,222 shares during the period. Finally, Avanza Fonder AB purchased a new stake in shares of WillScot Mobile Mini during the fourth quarter valued at $224,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at WillScot Mobile Mini

In other news, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction dated 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 owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. The trade was a 14.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Timothy D. Boswell acquired 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $29.14 per share, with a total value of $145,700.00. Following the completion of the transaction, the chief operating officer now owns 34,156 shares of the company's stock, valued at $995,305.84. The trade was a 17.15 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.30% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms recently commented on WSC. Oppenheimer decreased their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Morgan Stanley upgraded shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Robert W. Baird cut their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. Finally, Barclays lowered their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.00.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC traded down $0.37 during midday trading on Tuesday, reaching $24.13. 701,518 shares of the company's stock traded hands, compared to its average volume of 2,714,378. The company has a market cap of $4.43 billion, a P/E ratio of 160.88, a PEG ratio of 2.18 and a beta of 1.25. The company has a fifty day simple moving average of $30.95 and a two-hundred day simple moving average of $34.59. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. WillScot Mobile Mini Holdings Corp. has a 1 year low of $21.91 and a 1 year high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The business had revenue of $602.52 million during the quarter, compared to analysts' expectations of $606.55 million. Equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Announces Dividend

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

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.