Victory Capital Management Inc. Reduces Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Victory Capital Management Inc. lessened its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 84.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,219 shares of the company's stock after selling 116,428 shares during the period. Victory Capital Management Inc.'s holdings in WillScot Mobile Mini were worth $743,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WSC. Jones Financial Companies Lllp lifted its position in shares of WillScot Mobile Mini by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after buying an additional 1,113 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of WillScot Mobile Mini by 16.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company's stock worth $80,000 after acquiring an additional 302 shares in the last quarter. FourThought Financial Partners LLC purchased a new stake in WillScot Mobile Mini during the fourth quarter valued at approximately $216,000. Stephens Inc. AR boosted its stake in WillScot Mobile Mini by 23.0% in the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock valued at $219,000 after acquiring an additional 1,222 shares in the last quarter. Finally, Avanza Fonder AB purchased a new position in WillScot Mobile Mini in the fourth quarter worth $224,000. Hedge funds and other institutional investors own 95.81% of the company's stock.

Analysts Set New Price Targets

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

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WillScot Mobile Mini Stock Performance

NASDAQ WSC traded down $0.73 on Tuesday, reaching $29.87. 2,361,728 shares of the company's stock traded hands, compared to its average volume of 2,578,137. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $27.58 and a fifty-two week high of $46.75. 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 firm has a market cap of $5.48 billion, a price-to-earnings ratio of 199.15, a P/E/G ratio of 2.18 and a beta of 1.45. The stock has a 50 day moving average price of $34.61 and a 200-day moving average price of $36.07.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $602.52 million during the quarter, compared to analysts' expectations of $606.55 million. Equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The firm also recently announced a -- dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid 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 186.67%.

Insider Activity

In other news, COO Timothy D. Boswell acquired 5,000 shares of the business'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 purchase, the chief operating officer now owns 34,156 shares in the company, valued at approximately $995,305.84. This represents a 17.15 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total value of $3,330,168.33. Following the completion of the transaction, the director now owns 626,306 shares in the company, valued at approximately $18,908,178.14. This trade represents a 14.97 % decrease in their position. The disclosure for this sale can be found here. 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.