Parkside Financial Bank & Trust Sells 628 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Parkside Financial Bank & Trust lessened its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 35.6% in the fourth quarter, HoldingsChannel reports. The fund owned 1,135 shares of the company’s stock after selling 628 shares during the quarter. Parkside Financial Bank & Trust’s holdings in WillScot Mobile Mini were worth $38,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WSC. Impax Asset Management Group plc bought a new position in shares of WillScot Mobile Mini in the 4th quarter worth $7,192,000. Douglass Winthrop Advisors LLC raised its holdings in WillScot Mobile Mini by 32.4% during the third quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company’s stock worth $6,209,000 after buying an additional 40,393 shares during the last quarter. TCW Group Inc. lifted its stake in shares of WillScot Mobile Mini by 20.1% in the fourth quarter. TCW Group Inc. now owns 46,436 shares of the company’s stock valued at $1,553,000 after buying an additional 7,763 shares in the last quarter. Buck Wealth Strategies LLC grew its holdings in shares of WillScot Mobile Mini by 39.6% during the fourth quarter. Buck Wealth Strategies LLC now owns 107,307 shares of the company’s stock valued at $3,589,000 after buying an additional 30,450 shares during the last quarter. Finally, First Sabrepoint Capital Management LP grew its holdings in shares of WillScot Mobile Mini by 17.5% during the third quarter. First Sabrepoint Capital Management LP now owns 238,143 shares of the company’s stock valued at $8,954,000 after buying an additional 35,492 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

Insider Activity

In other news, insider Graeme Parkes sold 2,900 shares of the stock in a transaction that occurred on 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 $2,694,994.18. This represents a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Stock Down 3.7 %

WSC opened at $31.73 on Tuesday. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $31.68 and a fifty-two week high of $48.31. The firm has a market capitalization of $5.86 billion, a P/E ratio of 211.55, a PEG ratio of 2.18 and a beta of 1.41. The company’s 50-day moving average is $35.84 and its 200 day moving average is $36.90. 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 (NASDAQ:WSC) last posted its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $602.52 million for the quarter, compared to analysts’ expectations of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. Research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

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

Analyst Ratings Changes

Separately, Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, WillScot Mobile Mini 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.