Capital World Investors Trims Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Capital World Investors lessened its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 54.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,500,000 shares of the company's stock after selling 1,791,298 shares during the quarter. Capital World Investors owned about 0.81% of WillScot Mobile Mini worth $50,175,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Impax Asset Management Group plc acquired a new stake in shares of WillScot Mobile Mini in the 4th quarter worth $7,192,000. New York Life Investment Management LLC purchased a new stake in WillScot Mobile Mini in the fourth quarter valued at about $679,000. Geneva Capital Management LLC acquired a new stake in WillScot Mobile Mini in the fourth quarter worth about $23,194,000. River Road Asset Management LLC grew its stake in shares of WillScot Mobile Mini by 14.7% during the fourth quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock worth $54,081,000 after acquiring an additional 206,962 shares during the last quarter. Finally, TCW Group Inc. increased its holdings in shares of WillScot Mobile Mini by 20.1% during the fourth quarter. TCW Group Inc. now owns 46,436 shares of the company's stock valued at $1,553,000 after acquiring an additional 7,763 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction 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 sale, the director now owns 626,306 shares of the company's stock, valued at $18,908,178.14. The trade was a 14.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Timothy D. Boswell bought 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, March 13th. The stock was acquired 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 directly owns 34,156 shares of the company's stock, valued at approximately $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. 3.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WSC has been the subject of a number of recent analyst reports. Robert W. Baird lowered their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Barclays dropped their price objective 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, April 4th. Morgan Stanley reduced their target price on WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Oppenheimer dropped their price target on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.50.

WillScot Mobile Mini Stock Performance

Shares of WSC stock traded up $0.19 on Friday, hitting $25.08. The company had a trading volume of 2,031,340 shares, compared to its average volume of 2,728,858. The firm has a market cap of $4.60 billion, a P/E ratio of 167.21, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. WillScot Mobile Mini Holdings Corp. has a twelve month low of $21.91 and a twelve month high of $43.80. The company has a 50-day moving average price of $28.67 and a 200-day moving average price of $33.85. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

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

WillScot Mobile Mini Announces Dividend

The company also recently announced a -- dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini's payout ratio is currently 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.