Riverbridge Partners LLC Sells 88,073 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Riverbridge Partners LLC lowered its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,029,239 shares of the company's stock after selling 88,073 shares during the period. Riverbridge Partners LLC owned approximately 0.56% of WillScot Mobile Mini worth $34,428,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WSC. Swedbank AB grew its holdings in shares of WillScot Mobile Mini by 229.2% during the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company's stock valued at $121,298,000 after acquiring an additional 2,246,000 shares in the last quarter. Douglas Lane & Associates LLC boosted its holdings in WillScot Mobile Mini by 379.1% in the fourth quarter. Douglas Lane & Associates LLC now owns 997,693 shares of the company's stock worth $33,373,000 after purchasing an additional 789,445 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in WillScot Mobile Mini in the third quarter worth $20,773,000. Dimensional Fund Advisors LP boosted its holdings in WillScot Mobile Mini by 18.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,596,990 shares of the company's stock worth $97,755,000 after purchasing an additional 411,808 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in WillScot Mobile Mini by 58.3% in the third quarter. Fisher Asset Management LLC now owns 1,043,055 shares of the company's stock worth $39,219,000 after purchasing an additional 384,270 shares in the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Mobile Mini Stock Performance

Shares of WSC traded down $0.17 during trading hours on Thursday, reaching $39.01. 1,127,504 shares of the company traded hands, compared to its average volume of 2,336,284. The stock's fifty day moving average is $35.78 and its 200 day moving average is $37.22. The stock has a market cap of $7.21 billion, a P/E ratio of 354.84, a price-to-earnings-growth ratio of 2.00 and a beta of 1.40. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. WillScot Mobile Mini Holdings Corp. has a 1-year low of $32.57 and a 1-year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.10). The company had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 EPS. Equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WSC. Baird R W cut shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. Barclays decreased their price objective on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating for the company in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and cut their target price for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Morgan Stanley raised shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Finally, Robert W. Baird cut their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $45.50.

Insider Activity at WillScot Mobile Mini

In related news, EVP Hezron T. Lopez sold 20,000 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.38, for a total value of $787,600.00. Following the sale, the executive vice president now owns 57,918 shares of the company's stock, valued at $2,280,810.84. The trade was a 25.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Graeme Parkes sold 2,900 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the sale, the insider now directly owns 72,818 shares in the company, valued at $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 15,000 shares of company stock valued at $533,900 and have sold 36,959 shares valued at $1,382,636. 3.30% of the stock is currently owned by insiders.

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.