Brasada Capital Management LP Sells 82,048 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Brasada Capital Management LP decreased its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 63.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 46,764 shares of the company's stock after selling 82,048 shares during the quarter. Brasada Capital Management LP's holdings in WillScot Mobile Mini were worth $1,649,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in WSC. Altrinsic Global Advisors LLC bought a new position in WillScot Mobile Mini in the 4th quarter valued at $4,375,000. Dark Forest Capital Management LP acquired a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at $797,000. Dimensional Fund Advisors LP raised its holdings in shares of WillScot Mobile Mini by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,919,430 shares of the company's stock valued at $97,654,000 after buying an additional 47,158 shares during the last quarter. Cramer Rosenthal Mcglynn LLC acquired a new position in WillScot Mobile Mini during the 4th quarter worth about $4,079,000. Finally, Capital International Investors grew its holdings in WillScot Mobile Mini by 20.3% during the 4th quarter. Capital International Investors now owns 5,307,738 shares of the company's stock worth $177,544,000 after acquiring an additional 897,184 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

Wall Street Analyst Weigh In

WSC has been the topic of a number of research reports. Barclays reduced their target price on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Oppenheimer decreased their price target 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. Morgan Stanley lowered 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. Finally, Robert W. Baird reduced 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 research note on Monday, March 10th. Four investment 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $40.50.

WillScot Mobile Mini Trading Down 2.7 %

Shares of WillScot Mobile Mini stock traded down $0.68 during trading on Monday, hitting $24.40. 512,145 shares of the company were exchanged, compared to its average volume of 2,726,954. The firm has a market capitalization of $4.48 billion, a P/E ratio of 162.80, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. The firm's fifty day moving average price is $28.40 and its 200 day moving average price is $33.73. 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 Holdings Corp. has a 1-year low of $21.91 and a 1-year high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. As a group, sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The firm also recently announced a -- dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is presently 186.67%.

Insiders Place Their Bets

In other news, Director Erik Olsson sold 110,307 shares of the company'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 value of $3,330,168.33. Following the completion of the transaction, the director now owns 626,306 shares in the company, valued at $18,908,178.14. This represents a 14.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Timothy D. Boswell bought 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of 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 position. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company's stock.

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.