Titan Global Capital Management USA LLC Trims Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Titan Global Capital Management USA LLC trimmed its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 8.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 82,698 shares of the company’s stock after selling 7,252 shares during the period. Titan Global Capital Management USA LLC’s holdings in WillScot Mobile Mini were worth $2,766,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WSC. Jones Financial Companies Lllp grew its holdings 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 worth $77,000 after purchasing an additional 1,113 shares during the last quarter. Headlands Technologies LLC purchased a new position in WillScot Mobile Mini during the 4th quarter worth approximately $174,000. FourThought Financial Partners LLC acquired a new position in WillScot Mobile Mini during the fourth quarter worth approximately $216,000. Stephens Inc. AR lifted 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 buying an additional 1,222 shares during the last quarter. Finally, Avanza Fonder AB acquired a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $224,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Trading Down 6.1 %

Shares of WillScot Mobile Mini stock opened at $24.79 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 165.28, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. WillScot Mobile Mini Holdings Corp. has a 52-week low of $21.91 and a 52-week high of $43.80. The company’s 50-day simple moving average is $31.39 and its 200-day simple moving average is $34.82.

WillScot Mobile Mini (NASDAQ:WSC) last issued its 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 business had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. As a group, equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Announces Dividend

The business also recently announced a — dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini’s payout ratio is currently 186.67%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WSC shares. Oppenheimer cut their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Barclays dropped their price objective on shares of 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 upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Finally, 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. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

Insider Transactions at WillScot Mobile Mini

In other news, COO Timothy D. Boswell purchased 5,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the transaction, the chief operating officer now directly 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 filing with the SEC, which is available through this link. Also, Director Erik Olsson sold 110,307 shares of the business’s stock in a transaction dated 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 sale, the director now owns 626,306 shares in the company, valued at $18,908,178.14. This 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.