Rhumbline Advisers Decreases Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Rhumbline Advisers trimmed its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,785 shares of the company's stock after selling 13,323 shares during the quarter. Rhumbline Advisers owned 0.10% of WillScot Mobile Mini worth $6,348,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WSC. International Assets Investment Management LLC lifted its stake in WillScot Mobile Mini by 3,631.0% in the third quarter. International Assets Investment Management LLC now owns 24,177 shares of the company's stock valued at $909,000 after buying an additional 23,529 shares during the last quarter. Stephens Inc. AR purchased a new stake in WillScot Mobile Mini in the 3rd quarter valued at $200,000. Cambiar Investors LLC purchased a new stake in WillScot Mobile Mini in the 3rd quarter valued at $11,221,000. Harbor Capital Advisors Inc. boosted its stake in WillScot Mobile Mini by 64.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 80,903 shares of the company's stock worth $3,042,000 after purchasing an additional 31,557 shares during the period. Finally, Empire Life Investments Inc. grew its position in WillScot Mobile Mini by 50.8% during the 3rd quarter. Empire Life Investments Inc. now owns 547,751 shares of the company's stock worth $20,595,000 after purchasing an additional 184,577 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

Insider Activity at WillScot Mobile Mini

In related news, insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the completion of the transaction, the insider now directly owns 72,818 shares of the company's stock, valued at approximately $2,694,994.18. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.30% of the company's stock.

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Analyst Ratings Changes

Separately, Morgan Stanley raised shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, WillScot Mobile Mini has an average rating of "Moderate Buy" and an average target price of $44.22.

WillScot Mobile Mini Stock Performance

NASDAQ:WSC traded up $0.09 during mid-day trading on Friday, reaching $32.95. The stock had a trading volume of 2,355,821 shares, compared to its average volume of 2,309,931. 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 simple moving average of $35.88 and a 200 day simple moving average of $36.92. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.57 and a twelve month high of $48.52. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 219.68, a PEG ratio of 2.18 and a beta of 1.41.

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, beating analysts' consensus estimates of $0.48 by $0.01. The firm had revenue of $602.52 million for 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%. On average, 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 declared a -- dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is presently 186.67%.

WillScot Mobile Mini 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.