WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Position Cut by Aviva PLC

Aviva PLC lowered its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 21.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,190,777 shares of the company’s stock after selling 330,272 shares during the period. Aviva PLC’s holdings in WillScot Mobile Mini were worth $39,831,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of WSC. Jones Financial Companies Lllp boosted its position in WillScot Mobile Mini by 93.5% during the 4th 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. Headlands Technologies LLC acquired a new stake in WillScot Mobile Mini in the fourth quarter worth about $174,000. FourThought Financial Partners LLC acquired a new stake in WillScot Mobile Mini in the fourth quarter worth about $216,000. Stephens Inc. AR grew its position in WillScot Mobile Mini by 23.0% in the 4th 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 in the last quarter. Finally, Avanza Fonder AB acquired a new position in WillScot Mobile Mini during the 4th quarter valued at about $224,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

Wall Street Analyst Weigh In

WSC has been the subject of several recent analyst reports. Barclays decreased 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 report on Friday. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Oppenheimer lowered their price target 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. Finally, Robert W. Baird dropped their price objective on 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. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

Insider Activity at WillScot Mobile Mini

In related news, COO Timothy D. Boswell purchased 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the transaction, the chief operating officer now directly owns 34,156 shares of the company’s stock, valued at $995,305.84. This trade represents a 17.15 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the director now directly 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 disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC opened at $23.63 on Monday. The company has a market capitalization of $4.34 billion, a PE ratio of 157.54, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The stock has a fifty day moving average of $32.88 and a 200-day moving average of $35.40. WillScot Mobile Mini Holdings Corp. has a one year low of $21.91 and a one year high of $44.50.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $602.52 million during the quarter, compared to analyst estimates of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. As a group, equities analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The company also recently announced a — dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio (DPR) 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.