Clearbridge Investments LLC Reduces Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Clearbridge Investments LLC decreased its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,384,130 shares of the company’s stock after selling 247,656 shares during the period. Clearbridge Investments LLC owned 4.00% of WillScot Mobile Mini worth $246,999,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Carnegie Lake Advisors LLC boosted its stake in WillScot Mobile Mini by 0.5% in the 4th quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company’s stock worth $1,826,000 after purchasing an additional 280 shares during the period. Sciencast Management LP boosted its position in shares of WillScot Mobile Mini by 0.9% in the fourth quarter. Sciencast Management LP now owns 56,961 shares of the company’s stock valued at $1,905,000 after acquiring an additional 491 shares during the period. Jones Financial Companies Lllp grew its stake in 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 in the last quarter. Stephens Inc. AR increased its holdings 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 acquiring an additional 1,222 shares during the period. Finally, Levin Capital Strategies L.P. lifted its stake in WillScot Mobile Mini by 17.0% in the 4th quarter. Levin Capital Strategies L.P. now owns 8,770 shares of the company’s stock worth $293,000 after purchasing an additional 1,272 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

Insiders Place Their Bets

In related news, COO Timothy D. Boswell purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost 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 in the company, valued at approximately $995,305.84. This represents a 17.15 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 626,306 shares of the company’s stock, valued at $18,908,178.14. This trade represents a 14.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on WSC. Oppenheimer decreased their price target 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 decreased their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. Finally, Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and a consensus price target of $42.67.

WillScot Mobile Mini Stock Down 4.0 %

Shares of WSC opened at $28.15 on Monday. WillScot Mobile Mini Holdings Corp. has a 1 year low of $27.58 and a 1 year high of $45.55. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The stock has a 50 day simple moving average of $34.05 and a two-hundred day simple moving average of $35.85. The firm has a market cap of $5.17 billion, a P/E ratio of 187.68, a P/E/G ratio of 2.18 and a beta of 1.45.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (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 firm had revenue of $602.52 million for the quarter, compared to analysts’ expectations of $606.55 million. On average, analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

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

About WillScot Mobile Mini

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.