LPL Financial LLC Sells 37,556 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

LPL Financial LLC decreased its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 53.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,190 shares of the company's stock after selling 37,556 shares during the quarter. LPL Financial LLC's holdings in WillScot Mobile Mini were worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in WSC. Jones Financial Companies Lllp boosted its holdings in WillScot Mobile Mini by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after purchasing an additional 1,113 shares during the last quarter. FourThought Financial Partners LLC bought a new stake in WillScot Mobile Mini during the fourth quarter worth $216,000. Stephens Inc. AR raised its position in WillScot Mobile Mini by 23.0% during the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock worth $219,000 after acquiring an additional 1,222 shares in the last quarter. Avanza Fonder AB bought a new stake in WillScot Mobile Mini during the fourth quarter worth $224,000. Finally, Avantax Advisory Services Inc. bought a new stake in WillScot Mobile Mini during the fourth quarter worth $232,000. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Mobile Mini Stock Performance

Shares of WSC stock traded up $0.70 on Thursday, hitting $24.04. 198,976 shares of the stock were exchanged, compared to its average volume of 2,719,649. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $4.41 billion, a PE ratio of 159.98, a P/E/G ratio of 2.18 and a beta of 1.25. WillScot Mobile Mini Holdings Corp. has a one year low of $21.91 and a one year high of $43.80. The firm's 50 day moving average is $28.93 and its two-hundred day moving average is $33.93.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. Sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

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 was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio (DPR) is 186.67%.

Insider Buying and Selling

In related news, Director Erik Olsson sold 110,307 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was 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 of the company's stock, valued at approximately $18,908,178.14. This trade represents a 14.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Timothy D. Boswell purchased 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the transaction, 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. 3.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on WSC. Barclays lowered their price target 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, April 4th. 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 report on Monday, March 10th. Robert W. Baird lowered their price target 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 decreased their price objective on WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, WillScot Mobile Mini presently has an average rating of "Moderate Buy" and a consensus 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.