Steward Partners Investment Advisory LLC Decreases Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Steward Partners Investment Advisory LLC lowered its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 30.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,865 shares of the company’s stock after selling 2,605 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in WillScot Mobile Mini were worth $196,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Carnegie Lake Advisors LLC lifted 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 in the last quarter. First Horizon Advisors Inc. lifted its stake in WillScot Mobile Mini by 16.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after purchasing an additional 302 shares in the last quarter. KBC Group NV lifted its stake in WillScot Mobile Mini by 14.7% in 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 in the last quarter. Jones Financial Companies Lllp lifted its stake in WillScot Mobile Mini by 93.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock worth $77,000 after purchasing an additional 1,113 shares in the last quarter. Finally, Stephens Inc. AR lifted its stake in WillScot Mobile Mini by 23.0% in the 4th quarter. Stephens Inc. AR now owns 6,544 shares of the company’s stock worth $219,000 after purchasing an additional 1,222 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock opened at $29.95 on Friday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. WillScot Mobile Mini Holdings Corp. has a 1-year low of $27.58 and a 1-year high of $47.18. The firm has a market capitalization of $5.50 billion, a P/E ratio of 199.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. The company’s 50-day moving average is $35.10 and its 200 day moving average is $36.40.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The company had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. Research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have commented 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 research note on Monday, March 10th. Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Finally, Robert W. Baird decreased their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a research 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 stock. According to MarketBeat, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and an average target price of $42.67.

Insider Buying and Selling

In related news, COO Timothy D. Boswell bought 5,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the purchase, the chief operating officer now directly owns 34,156 shares of the company’s stock, valued at approximately $995,305.84. The trade was a 17.15 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is currently owned by corporate 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.