Envestnet Asset Management Inc. Has $6.98 Million Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Envestnet Asset Management Inc. trimmed its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 44.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 208,688 shares of the company’s stock after selling 168,331 shares during the period. Envestnet Asset Management Inc. owned approximately 0.11% of WillScot Mobile Mini worth $6,981,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in WillScot Mobile Mini by 93.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock valued at $77,000 after buying an additional 1,113 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at approximately $174,000. FourThought Financial Partners LLC bought a new stake in shares of WillScot Mobile Mini during the 4th quarter valued at approximately $216,000. Stephens Inc. AR increased its position in WillScot Mobile Mini by 23.0% during the 4th quarter. Stephens Inc. AR now owns 6,544 shares of the company’s stock worth $219,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Avanza Fonder AB bought a new position in WillScot Mobile Mini in the 4th quarter valued at approximately $224,000. 95.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Timothy D. Boswell acquired 5,000 shares of WillScot Mobile Mini stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $29.14 per share, with a total value 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. The trade was a 17.15 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Erik Olsson sold 110,307 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total value of $3,330,168.33. Following the sale, the director now owns 626,306 shares of the company’s stock, 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. Company insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Stock Up 0.5 %

WillScot Mobile Mini stock opened at $23.32 on Monday. The firm has a 50 day moving average price of $29.83 and a two-hundred day moving average price of $34.20. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. WillScot Mobile Mini Holdings Corp. has a 52-week low of $21.91 and a 52-week high of $43.80. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 155.48, a PEG 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, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $606.55 million. Equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WSC shares. Oppenheimer lowered their price target 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. Morgan Stanley cut their price target on WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Barclays lowered their price objective 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 cut 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 report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.50.

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.