Nippon Life Global Investors Americas Inc. Lowers Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Nippon Life Global Investors Americas Inc. lessened its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 600,530 shares of the company's stock after selling 85,580 shares during the period. Nippon Life Global Investors Americas Inc. owned 0.33% of WillScot Mobile Mini worth $20,088,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of WillScot Mobile Mini by 770.3% in the 3rd quarter. Barclays PLC now owns 353,485 shares of the company's stock worth $13,292,000 after purchasing an additional 312,867 shares during the period. Virtu Financial LLC purchased a new position in WillScot Mobile Mini during the 3rd quarter valued at about $468,000. Sanctuary Advisors LLC lifted its position in WillScot Mobile Mini by 23.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,369 shares of the company's stock valued at $594,000 after acquiring an additional 3,093 shares during the period. Tidal Investments LLC lifted its position in WillScot Mobile Mini by 44.6% during the 3rd quarter. Tidal Investments LLC now owns 11,975 shares of the company's stock valued at $450,000 after acquiring an additional 3,692 shares during the period. Finally, Retirement Systems of Alabama lifted its position in WillScot Mobile Mini by 7.9% during the 3rd quarter. Retirement Systems of Alabama now owns 124,985 shares of the company's stock valued at $4,699,000 after acquiring an additional 9,159 shares during the period. Institutional investors own 95.81% of the company's stock.

Insider Buying and Selling

In other news, COO Timothy D. Boswell acquired 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $29.14 per share, with a total value of $145,700.00. Following the completion of the acquisition, the chief operating officer now directly owns 34,156 shares of the company's stock, valued at approximately $995,305.84. The trade was a 17.15 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini 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 completion of the sale, the director now directly owns 626,306 shares of the company's stock, valued at $18,908,178.14. The trade was a 14.97 % decrease in their position. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.

WillScot Mobile Mini Stock Up 0.8 %

WSC traded up $0.19 during trading on Friday, hitting $25.08. 2,031,340 shares of the company's stock traded hands, compared to its average volume of 2,735,670. The company's 50 day simple moving average is $28.40 and its two-hundred day simple moving average is $33.73. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 12-month low of $21.91 and a 12-month high of $43.80. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 167.21, a PEG ratio of 2.18 and a beta of 1.25.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The business had revenue of $602.52 million for the quarter, compared to the consensus estimate of $606.55 million. 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 company also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini's payout ratio is currently 186.67%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays lowered their price target on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Morgan Stanley lowered their price target on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Oppenheimer decreased 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 report on Monday, March 10th. Finally, Robert W. Baird dropped their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.50.

WillScot Mobile Mini Company 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.