Redmond Asset Management LLC Sells 1,000 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Redmond Asset Management LLC lowered its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 44,491 shares of the company’s stock after selling 1,000 shares during the quarter. Redmond Asset Management LLC’s holdings in WillScot Mobile Mini were worth $1,488,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Financial Management Professionals Inc. purchased a new stake in shares of WillScot Mobile Mini in the 3rd quarter worth $36,000. First Horizon Advisors Inc. lifted its holdings in shares of WillScot Mobile Mini by 16.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after buying an additional 302 shares during the period. KBC Group NV lifted its holdings in shares of WillScot Mobile Mini by 14.7% in the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after buying an additional 655 shares during the period. Stephens Inc. AR purchased a new stake in shares of WillScot Mobile Mini in the 3rd quarter worth $200,000. Finally, Avanza Fonder AB purchased a new stake in shares of WillScot Mobile Mini in the 4th quarter worth $224,000. Institutional investors own 95.81% of the company’s stock.

Insiders Place Their Bets

In related news, insider Graeme Parkes sold 2,900 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the sale, the insider now owns 72,818 shares in the company, valued at $2,694,994.18. This represents a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.30% of the stock is currently owned by insiders.

WillScot Mobile Mini Trading Down 8.8 %

NASDAQ:WSC opened at $35.27 on Friday. The firm has a market cap of $6.52 billion, a PE ratio of 235.15, a price-to-earnings-growth ratio of 2.18 and a beta of 1.41. 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 stock has a fifty day moving average price of $35.96 and a 200 day moving average price of $36.92. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.57 and a 12-month high of $49.98.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) 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 company had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. Sell-side analysts anticipate 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 announced a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 5th.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Barclays reduced their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Robert W. Baird reduced their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their target price for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.22.

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.