LPL Financial LLC Sells 37,556 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

LPL Financial LLC cut its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 53.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,190 shares of the company’s stock after selling 37,556 shares during the quarter. LPL Financial LLC’s holdings in WillScot Mobile Mini were worth $1,077,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WSC. Barclays PLC boosted its position in WillScot Mobile Mini by 770.3% during the third quarter. Barclays PLC now owns 353,485 shares of the company’s stock valued at $13,292,000 after purchasing an additional 312,867 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of WillScot Mobile Mini in the 3rd quarter valued at $468,000. Sanctuary Advisors LLC increased its stake in shares of WillScot Mobile Mini by 23.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,369 shares of the company’s stock valued at $594,000 after purchasing an additional 3,093 shares in the last quarter. Tidal Investments LLC lifted its position in shares of 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 buying an additional 3,692 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of WillScot Mobile Mini by 7.9% during the 3rd quarter. Retirement Systems of Alabama now owns 124,985 shares of the company’s stock worth $4,699,000 after purchasing an additional 9,159 shares during the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WSC. Oppenheimer dropped their price objective 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 cut their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Morgan Stanley lowered their price target on WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Robert W. Baird reduced their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a report 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.50.

WillScot Mobile Mini Stock Up 0.5 %

Shares of NASDAQ:WSC opened at $23.32 on Friday. The firm’s 50-day moving average is $29.83 and its two-hundred day moving average is $34.22. 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 1 year low of $21.91 and a 1 year high of $43.80. The firm has a market capitalization of $4.28 billion, a PE ratio of 155.48, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25.

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

WillScot Mobile Mini Announces Dividend

The business also recently declared a — dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio (DPR) is 186.67%.

Insider Buying and Selling at WillScot Mobile Mini

In other news, COO Timothy D. Boswell bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $3,330,168.33. Following the completion of the transaction, the director now owns 626,306 shares of the company’s stock, valued at $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 owned by corporate insiders.

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.