WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Jackson Square Partners LLC

Jackson Square Partners LLC decreased its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 16.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 488,709 shares of the company’s stock after selling 97,932 shares during the period. Jackson Square Partners LLC’s holdings in WillScot Mobile Mini were worth $16,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Impax Asset Management Group plc purchased a new stake in shares of WillScot Mobile Mini during the 4th quarter worth about $7,192,000. New York Life Investment Management LLC purchased a new stake in WillScot Mobile Mini in the 4th quarter valued at $679,000. Geneva Capital Management LLC acquired a new stake in WillScot Mobile Mini during the fourth quarter worth about $23,194,000. River Road Asset Management LLC increased 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 acquiring an additional 206,962 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC grew its holdings in shares of WillScot Mobile Mini by 32.4% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company’s stock worth $6,209,000 after purchasing an additional 40,393 shares during the period. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Mobile Mini Price Performance

Shares of NASDAQ WSC opened at $30.60 on Tuesday. The stock’s 50-day moving average is $34.61 and its two-hundred day moving average is $36.07. 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 company has a market cap of $5.62 billion, a price-to-earnings ratio of 204.01, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini Holdings Corp. has a 1-year low of $27.58 and a 1-year high of $46.75.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $602.52 million for the quarter, compared to analysts’ expectations of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. Analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The company also recently announced a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio (DPR) is presently 186.67%.

Analysts Set New Price Targets

WSC has been the topic of several research analyst reports. Oppenheimer reduced their price objective on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Finally, Robert W. Baird lowered their price target on 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. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.67.

Insider Buying and Selling

In other news, Director Erik Olsson sold 110,307 shares of the business’s 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Timothy D. Boswell purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the purchase, the chief operating officer now owns 34,156 shares of the company’s stock, valued at approximately $995,305.84. This represents a 17.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by company insiders.

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.