WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. lowered its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 600,530 shares of the company's stock after selling 85,580 shares during the period. Nippon Life Global Investors Americas Inc. owned about 0.33% of WillScot Mobile Mini worth $20,088,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of WillScot Mobile Mini by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,919,430 shares of the company's stock valued at $97,654,000 after buying an additional 47,158 shares during the period. Cramer Rosenthal Mcglynn LLC bought a new position in shares of WillScot Mobile Mini during the 4th quarter worth $4,079,000. Capital International Investors boosted its stake in WillScot Mobile Mini by 20.3% in the 4th quarter. Capital International Investors now owns 5,307,738 shares of the company's stock worth $177,544,000 after purchasing an additional 897,184 shares during the period. Canada Pension Plan Investment Board purchased a new position in WillScot Mobile Mini in the 4th quarter worth approximately $154,000. Finally, Marshall Wace LLP lifted its stake in WillScot Mobile Mini by 924.8% during the 4th quarter. Marshall Wace LLP now owns 85,999 shares of the company's stock valued at $2,877,000 after acquiring an additional 77,607 shares during the period. 95.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Erik Olsson sold 110,307 shares of the company'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 sale, the director now 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Timothy D. Boswell purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $29.14 per share, with a total value of $145,700.00. Following the transaction, the chief operating officer now owns 34,156 shares of the company's stock, valued at $995,305.84. This represents a 17.15 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Oppenheimer reduced their price objective on 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. Robert W. Baird reduced their price objective on 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. Morgan Stanley lowered their target price on WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Barclays cut their price target on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.50.

WillScot Mobile Mini Price Performance

Shares of WillScot Mobile Mini stock traded up $0.19 during trading hours on Friday, hitting $25.08. The company's stock had a trading volume of 2,031,340 shares, compared to its average volume of 2,732,884. The company has a market cap of $4.60 billion, a PE ratio of 167.21, 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 has a 50 day moving average price of $28.40 and a two-hundred day moving average price of $33.77. WillScot Mobile Mini Holdings Corp. has a 12-month low of $21.91 and a 12-month high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. The company had revenue of $602.52 million for 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%. Analysts expect 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 declared a -- dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is currently 186.67%.

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.