Ranger Investment Management L.P. Sells 18,821 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Ranger Investment Management L.P. reduced its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 863,858 shares of the company's stock after selling 18,821 shares during the period. WillScot Mobile Mini comprises 1.8% of Ranger Investment Management L.P.'s investment portfolio, making the stock its 22nd largest holding. Ranger Investment Management L.P. owned approximately 0.47% of WillScot Mobile Mini worth $28,896,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its holdings in shares of WillScot Mobile Mini by 9.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 47,437 shares of the company's stock worth $1,784,000 after buying an additional 4,140 shares in the last quarter. HighTower Advisors LLC raised its position in shares of WillScot Mobile Mini by 13.7% during the third quarter. HighTower Advisors LLC now owns 32,686 shares of the company's stock worth $1,237,000 after purchasing an additional 3,942 shares during the period. Janus Henderson Group PLC grew its position in WillScot Mobile Mini by 4.4% in the 3rd quarter. Janus Henderson Group PLC now owns 147,175 shares of the company's stock valued at $5,535,000 after purchasing an additional 6,262 shares during the period. Quantinno Capital Management LP grew its position in WillScot Mobile Mini by 21.7% in the 3rd quarter. Quantinno Capital Management LP now owns 9,420 shares of the company's stock valued at $354,000 after purchasing an additional 1,681 shares during the period. Finally, State Street Corp increased its stake in WillScot Mobile Mini by 2.3% during the 3rd quarter. State Street Corp now owns 3,346,779 shares of the company's stock valued at $125,839,000 after purchasing an additional 74,212 shares in the last quarter. Institutional investors own 95.81% of the company's stock.

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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 dated 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 completion of the transaction, the director now directly owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. This represents a 14.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Timothy D. Boswell bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the purchase, the chief operating officer now directly owns 34,156 shares of the company's stock, 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.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC traded down $0.76 on Monday, hitting $23.93. The company's stock had a trading volume of 473,114 shares, compared to its average volume of 2,711,035. 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 debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The company has a market capitalization of $4.39 billion, a PE ratio of 159.54, a PEG ratio of 2.18 and a beta of 1.25. The company has a 50-day simple moving average of $31.18 and a 200 day simple moving average of $34.68.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $602.52 million for the quarter, compared to analysts' expectations of $606.55 million. Sell-side analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The firm also recently declared a -- dividend, which was paid on Wednesday, March 19th. Shareholders 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 payout ratio is currently 186.67%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WSC shares. Barclays lowered their price objective 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. Robert W. Baird lowered their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Morgan Stanley raised shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Finally, Oppenheimer lowered their target price 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, WillScot Mobile Mini currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.00.

WillScot Mobile Mini Company 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.