Vanguard Group Inc. Trims Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Vanguard Group Inc. lessened its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,413,858 shares of the company's stock after selling 186,414 shares during the period. Vanguard Group Inc. owned about 8.88% of WillScot Mobile Mini worth $549,044,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Jones Financial Companies Lllp boosted its holdings in WillScot Mobile Mini by 93.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after acquiring an additional 1,113 shares during the period. FourThought Financial Partners LLC purchased a new stake in shares of WillScot Mobile Mini during the fourth quarter valued at $216,000. Stephens Inc. AR grew its holdings in shares of WillScot Mobile Mini by 23.0% in the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock worth $219,000 after purchasing an additional 1,222 shares during the last quarter. Avanza Fonder AB purchased a new position in WillScot Mobile Mini in the 4th quarter worth about $224,000. Finally, Avantax Advisory Services Inc. bought a new stake in WillScot Mobile Mini during the 4th quarter valued at about $232,000. Institutional investors own 95.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WSC shares. Robert W. Baird dropped their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Morgan Stanley raised WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Finally, Oppenheimer decreased their target price 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. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.67.

Remove Ads

WillScot Mobile Mini Trading Down 1.2 %

Shares of NASDAQ:WSC opened at $27.80 on Tuesday. 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 company has a market capitalization of $5.10 billion, a PE ratio of 185.35, a P/E/G ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini Holdings Corp. has a 12-month low of $26.91 and a 12-month high of $45.55. The business's fifty day simple moving average is $33.88 and its 200-day simple moving average is $35.76.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its 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. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The business had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. As a group, equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini's payout ratio is presently 186.67%.

Insider Activity

In other WillScot Mobile Mini news, COO Timothy D. Boswell purchased 5,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought 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 owns 34,156 shares in the company, valued at $995,305.84. This represents a 17.15 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total value of $3,330,168.33. Following the sale, the director now owns 626,306 shares in the company, valued at $18,908,178.14. The trade was a 14.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.30% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.