Wellington Management Group LLP Trims Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Wellington Management Group LLP lowered its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 38.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 404,787 shares of the company's stock after selling 248,608 shares during the quarter. Wellington Management Group LLP owned 0.22% of WillScot Mobile Mini worth $13,540,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WSC. Norges Bank purchased a new stake in WillScot Mobile Mini during the fourth quarter valued at approximately $97,734,000. Van Berkom & Associates Inc. acquired a new stake in shares of WillScot Mobile Mini in the 4th quarter worth $58,855,000. Brown Brothers Harriman & Co. grew its stake in WillScot Mobile Mini by 182,738.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 837,400 shares of the company's stock worth $28,011,000 after buying an additional 836,942 shares during the last quarter. Douglas Lane & Associates LLC increased its position in WillScot Mobile Mini by 379.1% during the 4th quarter. Douglas Lane & Associates LLC now owns 997,693 shares of the company's stock valued at $33,373,000 after buying an additional 789,445 shares in the last quarter. Finally, Geneva Capital Management LLC acquired a new stake in WillScot Mobile Mini in the fourth quarter worth about $23,194,000. Hedge funds and other institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Price Performance

WSC traded down $0.26 on Tuesday, reaching $24.24. 310,740 shares of the company's stock were exchanged, compared to its average volume of 2,712,925. The stock has a market cap of $4.45 billion, a PE ratio of 161.45, a P/E/G ratio of 2.18 and a beta of 1.25. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. WillScot Mobile Mini Holdings Corp. has a twelve month low of $21.91 and a twelve month high of $43.80. The stock's fifty day moving average price is $30.95 and its 200-day moving average price is $34.59.

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WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued 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. The company had revenue of $602.52 million for the quarter, compared to the consensus estimate of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. Sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The company 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 of this dividend was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is currently 186.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Robert W. Baird reduced their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company 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 target for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Barclays lowered their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Finally, Oppenheimer decreased their price objective on shares of 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. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, WillScot Mobile Mini currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.00.

Insider Activity

In related news, COO Timothy D. Boswell acquired 5,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $29.14 per share, with a total value of $145,700.00. Following the completion of the transaction, the chief operating officer now 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 626,306 shares of the company's stock, valued at $18,908,178.14. The trade was a 14.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.30% of the company's stock.

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.