Envestnet Asset Management Inc. Cuts Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Envestnet Asset Management Inc. lessened its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 44.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,688 shares of the company's stock after selling 168,331 shares during the period. Envestnet Asset Management Inc. owned approximately 0.11% of WillScot Mobile Mini worth $6,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC grew its stake in shares of WillScot Mobile Mini by 770.3% during the 3rd quarter. Barclays PLC now owns 353,485 shares of the company's stock worth $13,292,000 after purchasing an additional 312,867 shares during the period. Virtu Financial LLC acquired a new stake in WillScot Mobile Mini during the third quarter valued at $468,000. Sanctuary Advisors LLC increased its holdings in WillScot Mobile Mini by 23.3% in the third quarter. Sanctuary Advisors LLC now owns 16,369 shares of the company's stock valued at $594,000 after buying an additional 3,093 shares in the last quarter. Tidal Investments LLC raised its position in shares of WillScot Mobile Mini by 44.6% in the third quarter. Tidal Investments LLC now owns 11,975 shares of the company's stock worth $450,000 after acquiring an additional 3,692 shares during the period. Finally, Retirement Systems of Alabama boosted its stake in shares of WillScot Mobile Mini by 7.9% during the 3rd quarter. Retirement Systems of Alabama now owns 124,985 shares of the company's stock worth $4,699,000 after acquiring an additional 9,159 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Price Performance

Shares of WillScot Mobile Mini stock traded up $0.12 on Friday, hitting $25.01. 398,826 shares of the company were exchanged, compared to its average volume of 2,722,688. WillScot Mobile Mini Holdings Corp. has a 1-year low of $21.91 and a 1-year high of $43.80. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 166.70, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. The company has a 50-day moving average price of $28.67 and a 200 day moving average price of $33.85.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $602.52 million during the quarter, compared to analysts' expectations of $606.55 million. As a group, sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The company 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%.

Wall Street Analysts Forecast Growth

WSC has been the subject of a number of analyst reports. Robert W. Baird reduced their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Barclays reduced their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Oppenheimer dropped their price target on shares of 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. Finally, Morgan Stanley decreased their price objective on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.50.

Insider Activity

In other WillScot Mobile Mini news, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Timothy D. Boswell bought 5,000 shares of the 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 acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company's stock.

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.