Legal & General Group Plc Sells 39,299 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Legal & General Group Plc reduced its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 213,557 shares of the company's stock after selling 39,299 shares during the period. Legal & General Group Plc owned 0.12% of WillScot Mobile Mini worth $7,143,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp grew its position in WillScot Mobile Mini by 93.5% in the fourth 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 in the last quarter. Headlands Technologies LLC acquired a new position in WillScot Mobile Mini during the fourth quarter worth $174,000. FourThought Financial Partners LLC bought a new position in WillScot Mobile Mini during the fourth quarter valued at about $216,000. Stephens Inc. AR lifted its position in shares of WillScot Mobile Mini by 23.0% in the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock worth $219,000 after buying an additional 1,222 shares during the last quarter. Finally, Avanza Fonder AB bought a new stake in shares of WillScot Mobile Mini during the 4th quarter worth about $224,000. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Mobile Mini Trading Up 3.3 %

WSC stock traded up $0.78 during midday trading on Thursday, hitting $24.12. 244,820 shares of the company's stock were exchanged, compared to its average volume of 2,719,780. The stock's fifty day moving average price is $28.93 and its 200-day moving average price is $33.93. WillScot Mobile Mini Holdings Corp. has a one year low of $21.91 and a one year high of $43.80. 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 company has a market cap of $4.43 billion, a PE ratio of 160.67, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (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%. Research 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 disclosed a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is 186.67%.

Insider Buying and Selling at WillScot Mobile Mini

In other news, Director Erik Olsson sold 110,307 shares of the company'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 completion of the transaction, the director now directly owns 626,306 shares of the company's stock, valued at $18,908,178.14. This represents a 14.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Timothy D. Boswell purchased 5,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $29.14 per share, with a total value of $145,700.00. Following the purchase, the chief operating officer now owns 34,156 shares in the company, valued at $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. Company insiders own 3.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Morgan Stanley decreased their target price on WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barclays decreased 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 cut their price target on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Finally, Robert W. Baird cut 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.50.

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.