Wells Fargo & Company MN Sells 5,755 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Wells Fargo & Company MN decreased its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,797 shares of the company’s stock after selling 5,755 shares during the quarter. Wells Fargo & Company MN owned approximately 0.10% of WillScot Mobile Mini worth $5,947,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of WillScot Mobile Mini by 34.4% during the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company’s stock worth $345,020,000 after acquiring an additional 2,639,559 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of WillScot Mobile Mini by 13.6% during the 4th quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company’s stock valued at $185,831,000 after purchasing an additional 664,805 shares in the last quarter. Swedbank AB raised its stake in WillScot Mobile Mini by 3.0% in the fourth quarter. Swedbank AB now owns 3,324,000 shares of the company’s stock worth $111,188,000 after buying an additional 98,000 shares in the last quarter. Norges Bank purchased a new position in WillScot Mobile Mini during the fourth quarter valued at $97,734,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of WillScot Mobile Mini by 39.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,889,596 shares of the company’s stock valued at $63,207,000 after buying an additional 533,750 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Wall Street Analyst Weigh In

WSC has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday. Oppenheimer decreased their price objective on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, March 10th. Barclays decreased their price target 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. 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 report on Monday, March 10th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, WillScot Mobile Mini currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Insider Transactions at WillScot Mobile Mini

In related news, 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 transaction of $3,330,168.33. Following the completion of the transaction, the director now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Timothy D. Boswell acquired 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired 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 in the company, valued at $995,305.84. The trade was a 17.15 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Trading Up 0.5 %

NASDAQ WSC opened at $23.32 on Friday. WillScot Mobile Mini Holdings Corp. has a 52 week low of $21.91 and a 52 week high of $43.80. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The stock 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. The firm has a 50 day moving average of $29.83 and a two-hundred day moving average of $34.22.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating 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 business had revenue of $602.52 million during the quarter, compared to analysts’ expectations of $606.55 million. As a group, research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

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

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.