WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Stock Position Reduced by Edge Capital Group LLC

Edge Capital Group LLC decreased its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 91.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,136 shares of the company’s stock after selling 22,899 shares during the quarter. Edge Capital Group LLC’s holdings in WillScot Mobile Mini were worth $71,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WSC. Financial Management Professionals Inc. bought a new stake in shares of WillScot Mobile Mini in the 3rd quarter valued at approximately $36,000. First Horizon Advisors Inc. grew its position in WillScot Mobile Mini by 16.4% in the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after acquiring an additional 302 shares in the last quarter. KBC Group NV increased its stake in shares of WillScot Mobile Mini by 14.7% during the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after purchasing an additional 655 shares during the last quarter. Stephens Inc. AR bought a new position in shares of WillScot Mobile Mini during the 3rd quarter valued at $200,000. Finally, Avanza Fonder AB acquired a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at $224,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insider Transactions at WillScot Mobile Mini

In other news, insider Graeme Parkes sold 2,900 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by insiders.

WillScot Mobile Mini Trading Down 2.8 %

Shares of WillScot Mobile Mini stock opened at $34.27 on Tuesday. WillScot Mobile Mini Holdings Corp. has a 1 year low of $32.57 and a 1 year high of $48.52. The company’s fifty day simple moving average is $35.97 and its 200-day simple moving average is $36.97. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 228.48, a PEG ratio of 2.18 and a beta of 1.41. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $602.52 million for the quarter, compared to the consensus estimate of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. 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 company also recently disclosed a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is currently 186.67%.

Wall Street Analysts Forecast Growth

WSC has been the topic of several analyst reports. Barclays lowered their target price on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their target price for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Finally, Robert W. Baird lowered their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.22.

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.