PNC Financial Services Group Inc. Sells 3,734 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

PNC Financial Services Group Inc. decreased its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,814 shares of the company’s stock after selling 3,734 shares during the period. PNC Financial Services Group Inc.’s holdings in WillScot Mobile Mini were worth $964,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Impax Asset Management Group plc acquired a new stake in shares of WillScot Mobile Mini during the fourth quarter worth $7,192,000. New York Life Investment Management LLC bought a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at about $679,000. Geneva Capital Management LLC bought a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at about $23,194,000. Douglass Winthrop Advisors LLC boosted its stake in WillScot Mobile Mini by 32.4% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company’s stock worth $6,209,000 after acquiring an additional 40,393 shares during the last quarter. Finally, TCW Group Inc. grew its holdings in WillScot Mobile Mini by 20.1% during the fourth quarter. TCW Group Inc. now owns 46,436 shares of the company’s stock valued at $1,553,000 after purchasing an additional 7,763 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Stock Performance

WSC opened at $30.62 on Tuesday. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 204.15, a P/E/G ratio of 2.18 and a beta of 1.45. The business’s 50-day moving average price is $35.03 and its two-hundred day moving average price is $36.33. WillScot Mobile Mini Holdings Corp. has a 1 year low of $27.58 and a 1 year high of $47.18. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

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

WillScot Mobile Mini Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is presently 186.67%.

Analysts Set New Price Targets

WSC has been the topic of several analyst reports. Robert W. Baird cut their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Morgan Stanley upgraded 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 research report on Tuesday, December 17th. Finally, Oppenheimer reduced their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.67.

Insider Buying and Selling

In related news, COO Timothy D. Boswell purchased 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Thursday, March 13th. The stock was purchased 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 owns 34,156 shares of the company’s stock, valued at approximately $995,305.84. This trade represents a 17.15 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is currently owned by corporate insiders.

WillScot Mobile Mini Company 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.