Geode Capital Management LLC Lowers Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Geode Capital Management LLC cut its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,077,543 shares of the company's stock after selling 56,276 shares during the quarter. Geode Capital Management LLC owned about 1.67% of WillScot Mobile Mini worth $102,977,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of WSC. Jones Financial Companies Lllp grew its position in shares of 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 buying an additional 1,113 shares during the period. FourThought Financial Partners LLC acquired a new position in shares of WillScot Mobile Mini during the fourth quarter valued at about $216,000. Stephens Inc. AR raised its holdings 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 valued at $219,000 after purchasing an additional 1,222 shares during the period. Avanza Fonder AB bought a new stake in WillScot Mobile Mini in the 4th quarter valued at about $224,000. Finally, Avantax Advisory Services Inc. bought a new stake in WillScot Mobile Mini in the 4th quarter valued at about $232,000. Institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Stock Performance

NASDAQ:WSC traded down $0.26 during trading on Tuesday, reaching $24.24. The company's stock had a trading volume of 310,740 shares, compared to its average volume of 2,712,925. WillScot Mobile Mini Holdings Corp. has a 12 month low of $21.91 and a 12 month high of $43.80. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 161.45, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. The firm has a 50 day moving average of $30.95 and a 200-day 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.

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WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings data 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 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 the consensus estimate of $606.55 million. Research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

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

Wall Street Analysts Forecast Growth

WSC has been the subject of several recent research reports. Robert W. Baird decreased their price objective 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. Oppenheimer dropped their price objective 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. Barclays lowered 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 report on Friday, April 4th. Finally, Morgan Stanley raised WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, WillScot Mobile Mini currently has an average rating of "Moderate Buy" and an average price target of $42.00.

Insiders Place Their Bets

In related news, COO Timothy D. Boswell purchased 5,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost 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 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were 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 in the company, valued at approximately $18,908,178.14. The trade was a 14.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.30% of the company's stock.

About WillScot Mobile Mini

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.