Barclays PLC Has $8.02 Million Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Barclays PLC reduced its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 32.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 239,825 shares of the company's stock after selling 113,660 shares during the period. Barclays PLC owned about 0.13% of WillScot Mobile Mini worth $8,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WSC. Norges Bank acquired a new position in WillScot Mobile Mini during the fourth quarter worth $97,734,000. Franklin Resources Inc. raised its position in shares of WillScot Mobile Mini by 34.4% during the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock worth $345,020,000 after purchasing an additional 2,639,559 shares during the period. Van Berkom & Associates Inc. bought a new position in WillScot Mobile Mini in the 4th quarter worth approximately $58,855,000. Invesco Ltd. raised its position in shares of WillScot Mobile Mini by 747.1% during the 4th quarter. Invesco Ltd. now owns 1,820,316 shares of the company's stock worth $60,890,000 after buying an additional 1,605,436 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of WillScot Mobile Mini by 182,738.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 837,400 shares of the company's stock valued at $28,011,000 after purchasing an additional 836,942 shares during the period. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Mobile Mini Trading Down 0.6 %

WillScot Mobile Mini stock traded down $0.14 during midday trading on Tuesday, hitting $24.68. 158,974 shares of the stock were exchanged, compared to its average volume of 2,721,660. The company has a fifty day simple moving average of $28.12 and a two-hundred day simple moving average of $33.65. The stock has a market capitalization of $4.53 billion, a PE ratio of 164.50, a P/E/G ratio of 2.18 and a beta of 1.25. WillScot Mobile Mini Holdings Corp. has a 52 week low of $21.91 and a 52 week high of $43.80. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 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 company had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. Equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

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

Insider Activity

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

Analysts Set New Price Targets

A number of brokerages have commented on WSC. Morgan Stanley decreased their price objective on WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. 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. Robert W. Baird decreased their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Finally, 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, April 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.