WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 38.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 404,787 shares of the company's stock after selling 248,608 shares during the quarter. Wellington Management Group LLP owned 0.22% of WillScot Mobile Mini worth $13,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of WSC. Franklin Resources Inc. raised its holdings in WillScot Mobile Mini by 34.4% during the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock valued at $345,020,000 after buying an additional 2,639,559 shares during the last quarter. William Blair Investment Management LLC raised its stake in WillScot Mobile Mini by 13.6% during the fourth quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company's stock valued at $185,831,000 after buying an additional 664,805 shares during the last quarter. FMR LLC boosted its stake in WillScot Mobile Mini by 12.0% in the 4th quarter. FMR LLC now owns 5,554,101 shares of the company's stock worth $185,785,000 after purchasing an additional 595,063 shares in the last quarter. Capital International Investors grew its holdings 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 valued at $177,544,000 after buying an additional 897,184 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of WillScot Mobile Mini by 4.8% during the fourth quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company's stock valued at $161,641,000 after buying an additional 223,462 shares during the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Stock Down 0.7%

Shares of WSC stock traded down $0.20 during trading hours on Thursday, reaching $27.44. 814,919 shares of the company's stock were exchanged, compared to its average volume of 2,693,061. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $21.91 and a fifty-two week high of $43.80. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 182.94, a P/E/G ratio of 2.18 and a beta of 1.28. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The stock's 50 day moving average is $26.28 and its 200-day moving average is $31.87.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its 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 firm had revenue of $559.55 million during the quarter, compared to analyst estimates 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 was down 4.7% on a year-over-year basis. Analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.28 annualized dividend and a dividend yield of 1.02%. WillScot Mobile Mini's dividend payout ratio (DPR) is presently 311.11%.

Analysts Set New Price Targets

WSC has been the topic of a number of research reports. Barclays dropped their price objective on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Oppenheimer dropped their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. William Blair reissued a "market perform" rating on shares of WillScot Mobile Mini in a report on Thursday, May 29th. Robert W. Baird cut their price objective 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. Finally, Morgan Stanley raised their price target on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, WillScot Mobile Mini presently has an average rating of "Moderate Buy" and an average target price of $40.63.

Insider Activity

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 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 acquisition, the chief executive officer now owns 128,817 shares of the company's stock, valued at $3,451,007.43. This trade represents a 8.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Erik Olsson sold 110,307 shares of the firm'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 sale, the director now directly owns 626,306 shares in the company, valued at approximately $18,908,178.14. The trade was 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.

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.