Ameriprise Financial Inc. increased its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,832,316 shares of the company's stock after acquiring an additional 223,462 shares during the period. Ameriprise Financial Inc. owned about 2.62% of WillScot Mobile Mini worth $161,641,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in WillScot Mobile Mini in the 4th quarter valued at $97,734,000. Franklin Resources Inc. increased its stake in shares of WillScot Mobile Mini by 34.4% during the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock worth $345,020,000 after purchasing an additional 2,639,559 shares in the last quarter. Van Berkom & Associates Inc. purchased a new stake in shares of WillScot Mobile Mini during the fourth quarter worth about $58,855,000. Invesco Ltd. raised its position in shares of WillScot Mobile Mini by 747.1% during the 4th quarter. Invesco Ltd. now owns 1,820,316 shares of the company's stock worth $60,890,000 after purchasing an additional 1,605,436 shares during the last quarter. Finally, Capital International Investors boosted its holdings in WillScot Mobile Mini by 20.3% in the 4th quarter. Capital International Investors now owns 5,307,738 shares of the company's stock worth $177,544,000 after buying an additional 897,184 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at WillScot Mobile Mini
In related news, COO Timothy D. Boswell acquired 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the transaction, the chief operating officer now owns 34,156 shares of the company's stock, valued at $995,305.84. This represents a 17.15% 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, CEO Bradley Lee Soultz bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the transaction, the chief executive officer now directly owns 128,817 shares in the company, valued at approximately $3,451,007.43. The trade was a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.30% of the company's stock.
WillScot Mobile Mini Trading Up 7.0%
Shares of NASDAQ WSC traded up $1.87 during mid-day trading on Monday, reaching $28.80. 1,081,961 shares of the company's stock were exchanged, compared to its average volume of 2,696,592. The company's 50-day moving average is $26.80 and its 200-day moving average is $32.97. WillScot Mobile Mini Holdings Corp. has a 52-week low of $21.91 and a 52-week 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 firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 192.13, a PEG ratio of 2.18 and a beta of 1.28.
WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). The firm had revenue of $559.55 million during the quarter, compared to analyst estimates of $555.51 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The company's quarterly revenue 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. Analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.
WillScot Mobile Mini Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 0.97%. WillScot Mobile Mini's dividend payout ratio (DPR) is presently 311.11%.
Wall Street Analyst Weigh In
WSC has been the topic of several research reports. Barclays decreased their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. 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 dropped 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 research note on Wednesday, April 16th. 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 note on Monday, March 10th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.50.
Check Out Our Latest Stock Analysis on WSC
WillScot Mobile Mini Company Profile
(
Free Report)
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.
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