DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 1,613,154 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 95.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,730 shares of the company's stock after selling 1,613,154 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in WillScot Mobile Mini were worth $2,399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in shares of 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 during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of WillScot Mobile Mini during the 4th quarter worth $154,000. Headlands Technologies LLC purchased a new stake in WillScot Mobile Mini in the 4th quarter worth about $174,000. FourThought Financial Partners LLC bought a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $216,000. Finally, Stephens Inc. AR lifted its position in shares of WillScot Mobile Mini by 23.0% during the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock worth $219,000 after acquiring an additional 1,222 shares in the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Mobile Mini Trading Up 2.2%

Shares of NASDAQ:WSC traded up $0.65 during trading on Tuesday, reaching $30.30. 2,753,156 shares of the company traded hands, compared to its average volume of 2,713,649. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 52-week low of $21.91 and a 52-week high of $43.80. The business's fifty day moving average is $26.79 and its 200-day moving average is $32.91. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 202.01, a P/E/G ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). The business had revenue of $559.55 million during the quarter, compared to the consensus estimate of $555.51 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. WillScot Mobile Mini's quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 earnings per share. As a group, analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's payout ratio is 311.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on WSC shares. Barclays decreased 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. Robert W. Baird lowered their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Morgan Stanley boosted their price objective on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Oppenheimer decreased their price objective on shares of 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, WillScot Mobile Mini presently has an average rating of "Moderate Buy" and an average target price of $40.63.

Insider Activity at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 10,000 shares of WillScot Mobile Mini stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 128,817 shares of the company's stock, valued at $3,451,007.43. The trade was a 8.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 purchased at an average price 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 $995,305.84. This represents a 17.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.30% of the stock is owned by corporate insiders.

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.