WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Amundi

Amundi trimmed its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 13.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,298 shares of the company’s stock after selling 357 shares during the quarter. Amundi’s holdings in WillScot Mobile Mini were worth $78,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its stake 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 purchasing an additional 1,113 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in WillScot Mobile Mini by 16.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after buying an additional 302 shares during the last quarter. FourThought Financial Partners LLC purchased a new stake in WillScot Mobile Mini during the 4th quarter worth about $216,000. Stephens Inc. AR lifted its holdings in 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 during the last quarter. Finally, Avanza Fonder AB purchased a new stake in WillScot Mobile Mini during the 4th quarter worth about $224,000. 95.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Erik Olsson sold 110,307 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 626,306 shares of the company’s stock, valued at approximately $18,908,178.14. This represents a 14.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Timothy D. Boswell purchased 5,000 shares of WillScot Mobile Mini stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the purchase, the chief operating officer now owns 34,156 shares in the company, valued at approximately $995,305.84. This trade represents a 17.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

WSC has been the subject of a number of recent analyst reports. Oppenheimer decreased their price target on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Finally, Robert W. Baird reduced their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company 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’s stock. Based on data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of “Moderate Buy” and an average price target of $42.67.

WillScot Mobile Mini Stock Performance

NASDAQ WSC opened at $29.75 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The business’s 50 day moving average is $34.70 and its two-hundred day moving average is $36.12. WillScot Mobile Mini Holdings Corp. has a 12-month low of $27.58 and a 12-month high of $46.75. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 198.35, a PEG ratio of 2.18 and a beta of 1.45.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $602.52 million for the quarter, compared to analysts’ expectations of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. Research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

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

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.