Wellington Management Group LLP Sells 248,608 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Wellington Management Group LLP trimmed its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 38.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 404,787 shares of the company's stock after selling 248,608 shares during the period. Wellington Management Group LLP owned 0.22% of WillScot Mobile Mini worth $13,540,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Impax Asset Management Group plc bought a new stake in WillScot Mobile Mini in the fourth quarter worth $7,192,000. New York Life Investment Management LLC bought a new stake in WillScot Mobile Mini in the fourth quarter worth $679,000. Geneva Capital Management LLC bought a new position in shares of WillScot Mobile Mini during the fourth quarter valued at $23,194,000. River Road Asset Management LLC lifted its holdings in shares of WillScot Mobile Mini by 14.7% during the fourth quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock valued at $54,081,000 after purchasing an additional 206,962 shares in the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of WillScot Mobile Mini by 20.1% during the fourth quarter. TCW Group Inc. now owns 46,436 shares of the company's stock valued at $1,553,000 after purchasing an additional 7,763 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on WSC shares. William Blair reaffirmed a "market perform" rating on shares of WillScot Mobile Mini in a report on Thursday, May 29th. Robert W. Baird lowered their target price 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. Barclays lowered their target price on 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 reduced their price target on 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. Finally, Morgan Stanley upped their price target on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.63.

Insider Activity

In other news, CEO Bradley Lee Soultz acquired 10,000 shares of WillScot Mobile Mini stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the acquisition, the chief executive officer now directly 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 purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the firm's stock in a transaction 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 in the company, valued at $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. Corporate insiders own 3.30% of the company's stock.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC traded up $0.76 during trading on Friday, hitting $28.22. 1,115,585 shares of the company's stock were exchanged, compared to its average volume of 2,699,684. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. WillScot Mobile Mini Holdings Corp. has a 52-week low of $21.91 and a 52-week high of $43.80. The business's 50-day simple moving average is $26.27 and its 200 day simple moving average is $31.82. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 188.15, a PEG ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $555.51 million. During the same period in the previous year, the company posted $0.29 earnings per share. WillScot Mobile Mini's quarterly revenue was down 4.7% on a year-over-year basis. As a group, equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

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

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.