Victory Capital Management Inc. Sells 116,428 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Victory Capital Management Inc. cut its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 84.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,219 shares of the company’s stock after selling 116,428 shares during the period. Victory Capital Management Inc.’s holdings in WillScot Mobile Mini were worth $743,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Carnegie Lake Advisors LLC lifted its stake in shares of WillScot Mobile Mini by 0.5% in the 4th quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company’s stock valued at $1,826,000 after acquiring an additional 280 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of WillScot Mobile Mini by 16.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after acquiring an additional 302 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of WillScot Mobile Mini by 93.5% in the 4th 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 during the last quarter. Stephens Inc. AR lifted its stake in shares of WillScot Mobile Mini by 23.0% in the 4th quarter. Stephens Inc. AR now owns 6,544 shares of the company’s stock valued at $219,000 after acquiring an additional 1,222 shares during the last quarter. Finally, Levin Capital Strategies L.P. lifted its stake in shares of 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 valued at $293,000 after acquiring an additional 1,272 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.

WillScot Mobile Mini Stock Down 1.8 %

Shares of NASDAQ:WSC opened at $29.75 on Friday. The firm has a market cap of $5.46 billion, a P/E ratio of 198.35, a P/E/G ratio of 2.18 and a beta of 1.45. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 12-month low of $27.58 and a 12-month high of $47.13. The business has a fifty day simple moving average of $34.70 and a 200 day simple moving average of $36.13.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results 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 return on equity of 24.67% and a net margin of 1.17%. The firm had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. Analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current 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 issued 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 currently 186.67%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WSC shares. Oppenheimer dropped their price target on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Finally, Robert W. Baird lowered their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, WillScot Mobile Mini currently has an average rating of “Moderate Buy” and an average target price of $42.67.

Insiders Place Their Bets

In other news, 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 value of $3,330,168.33. Following the completion of the sale, the director now directly owns 626,306 shares in the company, valued at $18,908,178.14. This trade represents a 14.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Timothy D. Boswell bought 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, March 13th. The stock was 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 owns 34,156 shares in the company, valued at $995,305.84. This trade represents a 17.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.30% of the company’s stock.

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.