Reinhart Partners LLC. Trims Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Reinhart Partners LLC. lowered its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 63.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 106,937 shares of the company’s stock after selling 182,073 shares during the period. Reinhart Partners LLC.’s holdings in WillScot Mobile Mini were worth $2,973,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State of Wyoming bought a new stake in WillScot Mobile Mini during the fourth quarter valued at approximately $34,000. Jones Financial Companies Lllp lifted its holdings 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 worth $77,000 after acquiring an additional 1,113 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of WillScot Mobile Mini in the 4th quarter worth approximately $154,000. Headlands Technologies LLC bought a new stake in WillScot Mobile Mini during the 4th quarter valued at $174,000. Finally, FourThought Financial Partners LLC bought a new stake in WillScot Mobile Mini during the 4th quarter valued at $216,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 10,000 shares of WillScot Mobile Mini stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of $26.79 per share, with a total value of $267,900.00. Following the transaction, the chief executive officer now directly owns 128,817 shares of the company’s stock, valued at $3,451,007.43. This represents a 8.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Erik Olsson sold 110,307 shares of the company’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 directly owns 626,306 shares in the company, valued at $18,908,178.14. This represents a 14.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

WSC has been the subject of a number of recent analyst reports. Oppenheimer lowered their price target on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Barclays lowered their price target on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Robert W. Baird lowered their price target on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, March 10th. William Blair reiterated a “market perform” rating on shares of WillScot Mobile Mini in a report on Thursday, May 29th. Finally, Morgan Stanley upped their price target on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, May 12th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.63.

WillScot Mobile Mini Stock Up 2.8%

Shares of WillScot Mobile Mini stock opened at $28.22 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The company’s fifty day simple moving average is $26.29 and its two-hundred day simple moving average is $31.77. The company has a market cap of $5.15 billion, a P/E ratio of 188.15, a PEG ratio of 2.18 and a beta of 1.28. WillScot Mobile Mini Holdings Corp. has a 12-month low of $21.91 and a 12-month high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). The company had revenue of $559.55 million for the quarter, compared to analysts’ expectations of $555.51 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. Research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini’s dividend payout ratio is presently 311.11%.

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.