Channing Capital Management LLC Sells 3,599 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Channing Capital Management LLC lowered its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 284,996 shares of the company’s stock after selling 3,599 shares during the period. Channing Capital Management LLC owned approximately 0.15% of WillScot Mobile Mini worth $9,533,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in shares of WillScot Mobile Mini by 2.3% in the 3rd quarter. State Street Corp now owns 3,346,779 shares of the company’s stock worth $125,839,000 after acquiring an additional 74,212 shares during the period. Swedbank AB boosted its position in shares of WillScot Mobile Mini by 3.0% during the 4th quarter. Swedbank AB now owns 3,324,000 shares of the company’s stock valued at $111,188,000 after acquiring an additional 98,000 shares in the last quarter. Van Berkom & Associates Inc. acquired a new stake in WillScot Mobile Mini during the fourth quarter valued at approximately $58,855,000. Charles Schwab Investment Management Inc. grew its stake in shares of WillScot Mobile Mini by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,568,835 shares of the company’s stock valued at $52,478,000 after purchasing an additional 35,665 shares during the period. Finally, Spyglass Capital Management LLC raised its holdings in shares of WillScot Mobile Mini by 6.3% in the 3rd quarter. Spyglass Capital Management LLC now owns 1,301,780 shares of the company’s stock worth $48,947,000 after buying an additional 77,211 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Up 6.0 %

Shares of NASDAQ WSC opened at $29.76 on Tuesday. WillScot Mobile Mini Holdings Corp. has a 12-month low of $27.58 and a 12-month high of $47.18. The firm’s 50-day simple moving average is $35.42 and its 200 day simple moving average is $36.64. 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 company has a market cap of $5.46 billion, a price-to-earnings ratio of 198.41, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45.

WillScot Mobile Mini (NASDAQ:WSC) last announced 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. The company had revenue of $602.52 million for the quarter, compared to analyst estimates 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 expect that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The company also recently announced a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini’s payout ratio is currently 186.67%.

Insider Activity

In related news, insider Graeme Parkes sold 2,900 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the completion of the sale, the insider now directly owns 72,818 shares of the company’s stock, valued at $2,694,994.18. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WSC. Robert W. Baird decreased their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday. Oppenheimer reduced 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 research note on Monday. Finally, Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.67.

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.