US Bancorp DE Reduces Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

US Bancorp DE decreased its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,913 shares of the company’s stock after selling 3,641 shares during the quarter. US Bancorp DE’s holdings in WillScot Mobile Mini were worth $566,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D boosted its stake in WillScot Mobile Mini by 1.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 65,320 shares of the company’s stock valued at $2,456,000 after acquiring an additional 1,220 shares during the last quarter. WCM Investment Management LLC raised its stake in shares of WillScot Mobile Mini by 0.4% in the 3rd quarter. WCM Investment Management LLC now owns 426,255 shares of the company’s stock valued at $16,441,000 after purchasing an additional 1,887 shares in the last quarter. Entropy Technologies LP bought a new position in shares of WillScot Mobile Mini during the third quarter worth about $613,000. KBC Group NV grew its stake in WillScot Mobile Mini by 14.7% in the third quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after purchasing an additional 655 shares in the last quarter. Finally, Pathstone Holdings LLC increased its holdings in WillScot Mobile Mini by 40.9% in the third quarter. Pathstone Holdings LLC now owns 42,549 shares of the company’s stock valued at $1,600,000 after buying an additional 12,346 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Analyst Ratings Changes

WSC has been the topic of a number of research analyst reports. 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. Robert W. Baird reduced 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. Finally, Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, WillScot Mobile Mini currently has an average rating of “Moderate Buy” and an average price target of $42.67.

WillScot Mobile Mini Price Performance

Shares of WSC opened at $30.07 on Wednesday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The company has a market cap of $5.52 billion, a P/E ratio of 200.48, a PEG ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini Holdings Corp. has a 12 month low of $27.58 and a 12 month high of $47.18. The stock has a fifty day moving average price of $35.35 and a 200 day moving average price of $36.58.

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

WillScot Mobile Mini Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio (DPR) is presently 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.