Capital World Investors Has $50.18 Million Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Capital World Investors lowered its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 54.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,500,000 shares of the company's stock after selling 1,791,298 shares during the period. Capital World Investors owned approximately 0.81% of WillScot Mobile Mini worth $50,175,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in WillScot Mobile Mini by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,919,430 shares of the company's stock worth $97,654,000 after buying an additional 47,158 shares during the last quarter. Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of WillScot Mobile Mini during the fourth quarter worth about $4,079,000. Capital International Investors raised its position in shares of WillScot Mobile Mini by 20.3% during the fourth quarter. Capital International Investors now owns 5,307,738 shares of the company's stock worth $177,544,000 after purchasing an additional 897,184 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of WillScot Mobile Mini during the fourth quarter worth about $154,000. Finally, Marshall Wace LLP raised its position in shares of WillScot Mobile Mini by 924.8% during the fourth quarter. Marshall Wace LLP now owns 85,999 shares of the company's stock worth $2,877,000 after purchasing an additional 77,607 shares during the period. Institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Stock Up 0.8 %

WillScot Mobile Mini stock traded up $0.19 during midday trading on Friday, reaching $25.08. The stock had a trading volume of 2,031,340 shares, compared to its average volume of 2,735,670. The firm's fifty day simple moving average is $28.40 and its 200-day simple moving average is $33.73. WillScot Mobile Mini Holdings Corp. has a 1-year low of $21.91 and a 1-year high of $43.80. The stock has a market capitalization of $4.60 billion, a P/E ratio of 167.21, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.

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

WillScot Mobile Mini Announces Dividend

The business also recently declared a -- dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were given 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 (DPR) is 186.67%.

Insiders Place Their Bets

In other WillScot Mobile Mini news, COO Timothy D. Boswell bought 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, March 13th. The stock was bought 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 of the company's stock, valued at $995,305.84. The trade was a 17.15 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini 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 transaction, the director now owns 626,306 shares of the company's stock, valued at $18,908,178.14. This 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on WSC shares. Oppenheimer dropped their price target 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. Barclays dropped their price target on 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. Morgan Stanley dropped their price target on WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Robert W. Baird dropped their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.50.

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.