WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 35.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 567,123 shares of the company's stock after selling 309,410 shares during the period. Bank of America Corp DE owned approximately 0.31% of WillScot Mobile Mini worth $18,970,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Impax Asset Management Group plc acquired a new stake in shares of WillScot Mobile Mini during the fourth quarter worth about $7,192,000. New York Life Investment Management LLC acquired a new position in shares of WillScot Mobile Mini during the 4th quarter worth about $679,000. Geneva Capital Management LLC acquired a new stake in shares of WillScot Mobile Mini during the 4th quarter worth about $23,194,000. River Road Asset Management LLC lifted its stake in 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 worth $54,081,000 after purchasing an additional 206,962 shares during the last quarter. Finally, TCW Group Inc. boosted its holdings in WillScot Mobile Mini by 20.1% in 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. Institutional investors and hedge funds own 95.81% of the company's stock.

Insiders Place Their Bets

In other WillScot Mobile Mini news, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction that occurred 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 sale, the director now owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. The trade was a 14.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bradley Lee Soultz bought 10,000 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price of $26.79 per share, for a total transaction of $267,900.00. Following the transaction, the chief executive officer now directly owns 128,817 shares in the company, valued at $3,451,007.43. This trade represents a 8.42% increase in their position. The disclosure for this purchase can be found here. 3.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Morgan Stanley upped their price objective on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Oppenheimer dropped their price objective on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Finally, Barclays reduced their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, WillScot Mobile Mini currently has an average rating of "Moderate Buy" and an average target price of $40.63.

WillScot Mobile Mini Stock Performance

NASDAQ WSC opened at $29.25 on Tuesday. The firm has a market cap of $5.37 billion, a P/E ratio of 195.01, a P/E/G ratio of 2.18 and a beta of 1.28. 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 moving average price is $26.82 and its 200 day moving average price is $32.64. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted 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 company had revenue of $559.55 million for the quarter, compared to analyst estimates of $555.51 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm's revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 earnings per share. On average, equities research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.28 annualized dividend and a yield of 0.96%. WillScot Mobile Mini's dividend payout ratio 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.

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