Price T Rowe Associates Inc. MD Has $214.72 Million Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Price T Rowe Associates Inc. MD lessened its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 53.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,419,149 shares of the company's stock after selling 7,410,481 shares during the period. Price T Rowe Associates Inc. MD owned about 3.47% of WillScot Mobile Mini worth $214,721,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WSC. Carnegie Lake Advisors LLC increased its stake in WillScot Mobile Mini by 0.5% during the fourth quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company's stock valued at $1,826,000 after purchasing an additional 280 shares during the last quarter. Sciencast Management LP grew its position in shares of WillScot Mobile Mini by 0.9% during the 4th quarter. Sciencast Management LP now owns 56,961 shares of the company's stock valued at $1,905,000 after buying an additional 491 shares during the last quarter. Jones Financial Companies Lllp raised its stake in WillScot Mobile Mini by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after acquiring an additional 1,113 shares during the period. Stephens Inc. AR lifted its holdings in 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 acquiring an additional 1,222 shares during the last quarter. Finally, Levin Capital Strategies L.P. boosted its stake in WillScot Mobile Mini by 17.0% in the fourth quarter. Levin Capital Strategies L.P. now owns 8,770 shares of the company's stock valued at $293,000 after acquiring an additional 1,272 shares during the period. 95.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WillScot Mobile Mini

In other news, Director Erik Olsson sold 110,307 shares of the business'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 transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Timothy D. Boswell bought 5,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were purchased 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 approximately $995,305.84. This trade represents a 17.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Robert W. Baird cut their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Barclays cut 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. Morgan Stanley lowered their price target on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Oppenheimer cut their price objective on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, WillScot Mobile Mini has a consensus rating of "Moderate Buy" and a consensus price target of $40.50.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock traded up $0.32 during trading hours on Tuesday, hitting $25.14. 1,750,128 shares of the company traded hands, compared to its average volume of 2,727,843. WillScot Mobile Mini Holdings Corp. has a 1-year low of $21.91 and a 1-year high of $43.80. The firm has a market cap of $4.62 billion, a P/E ratio of 167.61, a P/E/G ratio of 2.18 and a beta of 1.25. The firm's 50-day simple moving average is $28.12 and its two-hundred day simple moving average is $33.65. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. As a group, analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is currently 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.