Reinhart Partners LLC. Reduces Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Reinhart Partners LLC. trimmed its position in shares of 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 & Exchange Commission. The firm owned 106,937 shares of the company's stock after selling 182,073 shares during the quarter. Reinhart Partners LLC. owned 0.06% of WillScot Mobile Mini worth $2,973,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Wyoming purchased a new position in WillScot Mobile Mini during the fourth quarter worth about $34,000. Jones Financial Companies Lllp increased its position 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 valued at $77,000 after purchasing an additional 1,113 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of WillScot Mobile Mini during the 4th quarter valued at $154,000. Headlands Technologies LLC purchased a new stake in shares of WillScot Mobile Mini during the 4th quarter valued at $174,000. Finally, FourThought Financial Partners LLC purchased a new stake in shares of WillScot Mobile Mini during the 4th quarter valued at $216,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Price Performance

NASDAQ:WSC traded up $0.18 during mid-day trading on Tuesday, reaching $28.47. The stock had a trading volume of 1,482,448 shares, compared to its average volume of 2,698,242. The stock has a market capitalization of $5.19 billion, a P/E ratio of 189.81, a P/E/G 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. The firm has a 50 day moving average price of $26.33 and a two-hundred day moving average price of $31.65. WillScot Mobile Mini Holdings Corp. has a one year low of $21.91 and a one year high of $43.80.

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

WillScot Mobile Mini Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.28 annualized dividend and a dividend yield of 0.98%. WillScot Mobile Mini's payout ratio is presently 311.11%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WSC. Barclays cut their price target on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. William Blair reissued a "market perform" rating on shares of WillScot Mobile Mini in a research report on Thursday, May 29th. Morgan Stanley boosted their price target on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Oppenheimer cut their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Finally, Robert W. Baird cut their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $40.63.

Insider Activity

In other WillScot Mobile Mini news, COO Timothy D. Boswell acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the transaction, the chief operating officer now directly owns 34,156 shares of the company's stock, valued at approximately $995,305.84. This represents a 17.15% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the transaction, 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 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.