Clearbridge Investments LLC Has $247 Million Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

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

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WSC shares. 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 note on Monday, March 10th. Barclays cut 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 research report on Friday. Oppenheimer lowered their price target on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Finally, Morgan Stanley upgraded WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.00.

WillScot Mobile Mini Trading Down 8.1 %

NASDAQ:WSC traded down $2.07 on Friday, reaching $23.63. The company's stock had a trading volume of 6,503,100 shares, compared to its average volume of 2,656,223. The firm has a market cap of $4.34 billion, a PE ratio of 157.54, a PEG 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 business's 50-day moving average price is $32.88 and its two-hundred day moving average price is $35.46. WillScot Mobile Mini Holdings Corp. has a 1-year low of $21.91 and a 1-year high of $45.01.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its 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. The business had revenue of $602.52 million during the quarter, compared to analysts' expectations of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. Equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued 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 186.67%.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, COO Timothy D. Boswell acquired 5,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were 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 in the company, valued at $995,305.84. This trade represents a 17.15 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Erik Olsson sold 110,307 shares of the firm's 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 completion of the transaction, the director now directly owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. This trade represents a 14.97 % decrease in their position. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by insiders.

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.