Capital World Investors Sells 1,791,298 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Capital World Investors lessened its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 54.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,500,000 shares of the company’s stock after selling 1,791,298 shares during the quarter. Capital World Investors’ holdings in WillScot Mobile Mini were worth $50,175,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of WSC. Carnegie Lake Advisors LLC boosted its holdings in shares of WillScot Mobile Mini by 0.5% in 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 period. Sciencast Management LP raised its position in 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 purchasing an additional 491 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of WillScot Mobile Mini by 93.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock worth $77,000 after buying an additional 1,113 shares during the period. Stephens Inc. AR grew its position in shares of WillScot Mobile Mini by 23.0% during the 4th quarter. Stephens Inc. AR now owns 6,544 shares of the company’s stock worth $219,000 after buying an additional 1,222 shares in the last quarter. Finally, Levin Capital Strategies L.P. increased its stake in shares of WillScot Mobile Mini by 17.0% during the fourth quarter. Levin Capital Strategies L.P. now owns 8,770 shares of the company’s stock valued at $293,000 after buying an additional 1,272 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Buying and Selling

In other 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 cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the acquisition, the chief operating officer now owns 34,156 shares of the company’s stock, valued at approximately $995,305.84. This trade represents a 17.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Erik Olsson sold 110,307 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now owns 626,306 shares of the company’s stock, valued at approximately $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. 3.30% of the stock is owned by company insiders.

WillScot Mobile Mini Price Performance

NASDAQ WSC opened at $22.25 on Tuesday. The firm’s fifty day simple moving average is $29.54 and its two-hundred day simple moving average is $34.09. The firm has a market capitalization of $4.08 billion, a P/E ratio of 148.34, a P/E/G ratio of 2.18 and a beta of 1.25. 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 Holdings Corp. has a 12-month low of $21.91 and a 12-month high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $606.55 million. Analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Robert W. Baird dropped their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. Barclays reduced their price objective on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Finally, Oppenheimer dropped their target price on 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

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.