Clearbridge Investments LLC Trims Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Clearbridge Investments LLC reduced its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,384,130 shares of the company's stock after selling 247,656 shares during the period. Clearbridge Investments LLC owned about 4.00% of WillScot Mobile Mini worth $246,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WSC. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in WillScot Mobile Mini by 39.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,889,596 shares of the company's stock valued at $63,207,000 after purchasing an additional 533,750 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of WillScot Mobile Mini by 145.5% in the fourth quarter. Schroder Investment Management Group now owns 16,389 shares of the company's stock worth $547,000 after buying an additional 9,712 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in WillScot Mobile Mini by 182,738.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 837,400 shares of the company's stock worth $28,011,000 after acquiring an additional 836,942 shares during the period. Pictet Asset Management Holding SA raised its position in WillScot Mobile Mini by 7.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,594 shares of the company's stock valued at $856,000 after acquiring an additional 1,705 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in WillScot Mobile Mini by 16,513.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 360,353 shares of the company's stock valued at $12,054,000 after acquiring an additional 358,184 shares during the period. Institutional investors and hedge funds own 95.81% of the company's stock.

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WillScot Mobile Mini Price Performance

WSC stock traded down $0.32 during trading on Tuesday, hitting $27.48. The stock had a trading volume of 3,015,519 shares, compared to its average volume of 2,626,870. The company's 50-day moving average price is $33.65 and its two-hundred day moving average price is $35.68. WillScot Mobile Mini Holdings Corp. has a twelve month low of $26.91 and a twelve month high of $45.41. The stock has a market capitalization of $5.04 billion, a P/E ratio of 183.21, a PEG ratio of 2.18 and a beta of 1.45. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. As a group, research 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. Stockholders of record on Wednesday, March 5th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio (DPR) is 186.67%.

Insider Transactions at WillScot Mobile Mini

In related news, COO Timothy D. Boswell bought 5,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $29.14 per share, with a total value of $145,700.00. Following 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 directly owns 626,306 shares in the company, valued at approximately $18,908,178.14. The trade was a 14.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.30% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WSC shares. Oppenheimer cut their target price 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. Robert W. Baird cut their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Finally, Morgan Stanley raised shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, WillScot Mobile Mini currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.67.

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.