WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. cut its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 12.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 600,530 shares of the company’s stock after selling 85,580 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in WillScot Mobile Mini were worth $20,088,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings 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 purchasing an additional 1,113 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in WillScot Mobile Mini in the 4th quarter worth about $154,000. Headlands Technologies LLC purchased a new stake in WillScot Mobile Mini during the 4th quarter worth approximately $174,000. FourThought Financial Partners LLC acquired a new position in shares of WillScot Mobile Mini during the fourth quarter valued at approximately $216,000. Finally, Stephens Inc. AR lifted its position in shares of WillScot Mobile Mini by 23.0% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on WSC. Robert W. Baird reduced their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, March 10th. Barclays decreased their price target on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, April 4th. Morgan Stanley cut their price objective on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, 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 report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, WillScot Mobile Mini presently has an average rating of “Moderate Buy” and an average price target of $40.50.

WillScot Mobile Mini Trading Down 4.6 %

WSC opened at $22.25 on Tuesday. The stock has a market capitalization of $4.08 billion, a PE ratio of 148.34, a P/E/G ratio of 2.18 and a beta of 1.25. WillScot Mobile Mini Holdings Corp. has a one year low of $21.91 and a one year high of $43.80. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The business’s 50 day moving average price is $29.54 and its 200 day moving average price is $34.09.

WillScot Mobile Mini (NASDAQ:WSC) last released 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. The business had revenue of $602.52 million during the quarter, compared to analysts’ expectations of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. As a group, equities research 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 disclosed a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini’s payout ratio is currently 186.67%.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, COO Timothy D. Boswell acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the acquisition, the chief operating officer now owns 34,156 shares of the company’s stock, valued at approximately $995,305.84. This trade represents a 17.15 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Erik Olsson sold 110,307 shares of the stock in a transaction that occurred on 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 sale, 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 disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

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.