WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE reduced its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 15.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,239 shares of the company’s stock after selling 1,627 shares during the quarter. Congress Wealth Management LLC DE’s holdings in WillScot Mobile Mini were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of WillScot Mobile Mini by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,533,170 shares of the company’s stock worth $57,647,000 after acquiring an additional 43,747 shares during the period. The Manufacturers Life Insurance Company grew its holdings in WillScot Mobile Mini by 9.6% in the third quarter. The Manufacturers Life Insurance Company now owns 47,437 shares of the company’s stock valued at $1,784,000 after purchasing an additional 4,140 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of WillScot Mobile Mini by 5.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,376 shares of the company’s stock valued at $1,631,000 after buying an additional 2,340 shares in the last quarter. Verition Fund Management LLC raised its stake in shares of WillScot Mobile Mini by 56.4% during the 3rd quarter. Verition Fund Management LLC now owns 82,502 shares of the company’s stock worth $3,102,000 after buying an additional 29,764 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of WillScot Mobile Mini in the 3rd quarter worth about $1,056,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WSC. Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Oppenheimer cut their price objective on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Finally, Robert W. Baird lowered their target price 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. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.67.

WillScot Mobile Mini Stock Down 4.0 %

WSC stock opened at $28.15 on Friday. WillScot Mobile Mini Holdings Corp. has a one year low of $27.58 and a one year high of $45.55. The stock has a market capitalization of $5.17 billion, a P/E ratio of 187.68, a PEG ratio of 2.18 and a beta of 1.45. The company has a 50 day moving average price of $34.05 and a two-hundred day moving average price of $35.86. 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 (NASDAQ:WSC) last announced its quarterly earnings data 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 return on equity of 24.67% and a net margin of 1.17%. The business had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. As a group, sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The business also recently announced a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is presently 186.67%.

Insider Activity 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 value of $3,330,168.33. Following the transaction, the director now owns 626,306 shares in the company, valued at approximately $18,908,178.14. This trade represents a 14.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Timothy D. Boswell purchased 5,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were 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 directly owns 34,156 shares of the company’s stock, valued at $995,305.84. The trade was a 17.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.30% of the stock is owned by insiders.

WillScot Mobile Mini Company 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.