Bank of Montreal Can Sells 13,486 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Bank of Montreal Can cut its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 57.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,183 shares of the company’s stock after selling 13,486 shares during the quarter. Bank of Montreal Can’s holdings in WillScot Mobile Mini were worth $341,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in WSC. Jones Financial Companies Lllp lifted its stake in shares of WillScot Mobile Mini by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock valued at $77,000 after acquiring an additional 1,113 shares during the period. Headlands Technologies LLC bought a new position in shares of WillScot Mobile Mini in the 4th quarter worth $174,000. FourThought Financial Partners LLC acquired a new stake in shares of WillScot Mobile Mini during the fourth quarter worth $216,000. Stephens Inc. AR lifted its stake in WillScot Mobile Mini by 23.0% in the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company’s stock valued at $219,000 after buying an additional 1,222 shares during the period. Finally, Avanza Fonder AB bought a new position in WillScot Mobile Mini during the fourth quarter worth about $224,000. 95.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WSC has been the topic of several analyst reports. Oppenheimer cut their target price 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. Robert W. Baird cut their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Barclays dropped their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, April 4th. Finally, Morgan Stanley reduced their target price on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.50.

WillScot Mobile Mini Stock Up 3.7 %

Shares of NASDAQ:WSC opened at $23.35 on Thursday. WillScot Mobile Mini Holdings Corp. has a 12-month low of $21.91 and a 12-month high of $43.80. The stock has a fifty day simple moving average of $28.93 and a two-hundred day simple moving average of $33.93. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 155.68, a PEG ratio of 2.18 and a beta of 1.25.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data 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. The firm had revenue of $602.52 million for the quarter, compared to analysts’ expectations of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. On average, research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The business also recently announced 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 of this dividend was Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio (DPR) is presently 186.67%.

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 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 trade represents a 14.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Timothy D. Boswell acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $29.14 per share, with a total value of $145,700.00. Following the purchase, the chief operating officer now owns 34,156 shares in the company, valued at $995,305.84. This represents a 17.15 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.

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.