Stifel Financial Corp Sells 28,298 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Stifel Financial Corp cut its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 53.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,002 shares of the company's stock after selling 28,298 shares during the period. Stifel Financial Corp's holdings in WillScot Mobile Mini were worth $836,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in WillScot Mobile Mini by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,919,430 shares of the company's stock worth $97,654,000 after buying an additional 47,158 shares during the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new position in WillScot Mobile Mini in the 4th quarter valued at about $4,079,000. Capital International Investors boosted its position in WillScot Mobile Mini by 20.3% in the 4th 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 period. Canada Pension Plan Investment Board purchased a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at about $154,000. Finally, Marshall Wace LLP lifted its position in WillScot Mobile Mini by 924.8% during the 4th quarter. Marshall Wace LLP now owns 85,999 shares of the company's stock worth $2,877,000 after acquiring an additional 77,607 shares during the period. 95.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other WillScot Mobile Mini news, COO Timothy D. Boswell purchased 5,000 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the transaction, the chief operating officer now owns 34,156 shares in the company, valued at approximately $995,305.84. This represents a 17.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total transaction 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. This represents 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 company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Robert W. Baird dropped their price target on 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. Oppenheimer cut 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 note on Monday, March 10th. Barclays lowered their target price on shares of 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. Finally, Morgan Stanley upped their target price 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. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.63.

WillScot Mobile Mini Stock Down 0.6%

Shares of WSC stock traded down $0.18 during mid-day trading on Thursday, hitting $29.79. 201,085 shares of the stock traded hands, compared to its average volume of 2,703,342. The stock has a market cap of $5.47 billion, a P/E ratio of 197.91, a P/E/G ratio of 2.18 and a beta of 1.28. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The stock's fifty day moving average is $26.84 and its two-hundred day moving average is $32.87. WillScot Mobile Mini Holdings Corp. has a 52-week low of $21.91 and a 52-week high of $43.80.

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 for the quarter, missing the consensus estimate of $0.28 by ($0.04). The firm had revenue of $559.55 million during the quarter, compared to analyst estimates of $555.51 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The business's revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. 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 announced 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. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.94%. WillScot Mobile Mini's dividend payout ratio (DPR) is currently 311.11%.

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.