Blair William & Co. IL Cuts Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Blair William & Co. IL lowered its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 15.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 189,215 shares of the company’s stock after selling 34,303 shares during the quarter. Blair William & Co. IL’s holdings in WillScot Mobile Mini were worth $6,329,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Van Berkom & Associates Inc. purchased a new position in WillScot Mobile Mini in the fourth quarter valued at about $58,855,000. Douglas Lane & Associates LLC raised its holdings in shares of WillScot Mobile Mini by 379.1% in the 4th quarter. Douglas Lane & Associates LLC now owns 997,693 shares of the company’s stock worth $33,373,000 after purchasing an additional 789,445 shares during the period. Geneva Capital Management LLC purchased a new position in WillScot Mobile Mini in the fourth quarter valued at approximately $23,194,000. William Blair Investment Management LLC grew its holdings in WillScot Mobile Mini by 13.6% during the fourth quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company’s stock valued at $185,831,000 after purchasing an additional 664,805 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in WillScot Mobile Mini in the third quarter worth $20,773,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Robert W. Baird dropped their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Finally, Oppenheimer reduced their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. Five equities research 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 stock has a consensus rating of “Moderate Buy” and an average price target of $42.67.

WillScot Mobile Mini Trading Down 4.0 %

Shares of WillScot Mobile Mini stock opened at $28.15 on Monday. The company’s 50-day moving average price is $34.05 and its 200-day moving average price is $35.85. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 187.68, a PEG ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini Holdings Corp. has a 12-month low of $27.58 and a 12-month high of $45.55. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $602.52 million during 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%. On average, equities analysts expect 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 announced a — dividend, which was paid on Wednesday, March 19th. Shareholders 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%.

Insiders Place Their Bets

In related news, COO Timothy D. Boswell acquired 5,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the transaction, 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 acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Erik Olsson sold 110,307 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the completion of the transaction, the director now owns 626,306 shares of the company’s stock, valued at $18,908,178.14. This trade represents a 14.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

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.