Reinhart Partners LLC. Sells 182,073 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Reinhart Partners LLC. trimmed its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 63.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,937 shares of the company's stock after selling 182,073 shares during the period. Reinhart Partners LLC. owned about 0.06% of WillScot Mobile Mini worth $2,973,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in WSC. Salvus Wealth Management LLC lifted its position in shares of WillScot Mobile Mini by 2.4% during the first quarter. Salvus Wealth Management LLC now owns 48,890 shares of the company's stock valued at $1,359,000 after purchasing an additional 1,145 shares in the last quarter. NBC Securities Inc. lifted its position in shares of WillScot Mobile Mini by 95,727.3% during the first quarter. NBC Securities Inc. now owns 10,541 shares of the company's stock valued at $293,000 after purchasing an additional 10,530 shares in the last quarter. Douglas Lane & Associates LLC lifted its position in shares of WillScot Mobile Mini by 15.0% during the first quarter. Douglas Lane & Associates LLC now owns 1,146,929 shares of the company's stock valued at $31,885,000 after purchasing an additional 149,236 shares in the last quarter. Rhumbline Advisers lifted its position in shares of WillScot Mobile Mini by 125.0% during the first quarter. Rhumbline Advisers now owns 427,041 shares of the company's stock valued at $11,872,000 after purchasing an additional 237,256 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of WillScot Mobile Mini by 10,274.8% during the first quarter. GAMMA Investing LLC now owns 25,937 shares of the company's stock valued at $721,000 after purchasing an additional 25,687 shares in the last quarter. 95.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WSC has been the topic of a number of recent analyst reports. Oppenheimer dropped their price target 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. Barclays dropped their price target 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. Robert W. Baird dropped their price target on shares of 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. Morgan Stanley raised their price objective on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Finally, William Blair restated a "market perform" rating on shares of WillScot Mobile Mini in a report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.63.

Insider Activity

In other news, CEO Bradley Lee Soultz acquired 10,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of $26.79 per share, with a total value of $267,900.00. Following the completion of the purchase, the chief executive officer now owns 128,817 shares in the company, valued at approximately $3,451,007.43. The trade was a 8.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Timothy D. Boswell acquired 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $29.14 per share, with a total value 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. This represents a 17.15% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.30% of the company's stock.

WillScot Mobile Mini Stock Performance

NASDAQ WSC opened at $28.22 on Friday. 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 50-day simple moving average of $26.29 and a 200 day simple moving average of $31.77. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The company has a market capitalization of $5.15 billion, a PE ratio of 188.15, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28.

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

WillScot Mobile Mini Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio (DPR) is currently 311.11%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.