Ameriprise Financial Inc. Buys 223,462 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Ameriprise Financial Inc. increased its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,832,316 shares of the company's stock after purchasing an additional 223,462 shares during the quarter. Ameriprise Financial Inc. owned approximately 2.62% of WillScot Mobile Mini worth $161,641,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of WillScot Mobile Mini during the 4th quarter worth $97,734,000. Franklin Resources Inc. boosted its holdings in WillScot Mobile Mini by 34.4% in 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. acquired a new position in WillScot Mobile Mini during the fourth quarter worth $58,855,000. Invesco Ltd. raised its holdings in WillScot Mobile Mini by 747.1% during the fourth quarter. Invesco Ltd. now owns 1,820,316 shares of the company's stock valued at $60,890,000 after buying an additional 1,605,436 shares in the last quarter. Finally, Capital International Investors lifted its position in shares of WillScot Mobile Mini by 20.3% in the fourth 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 hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on WSC. Oppenheimer cut their price objective on 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 decreased 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. Barclays lowered their target price 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. Finally, Robert W. Baird dropped 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 report on Monday, March 10th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $40.50.

WillScot Mobile Mini Stock Performance

WSC stock traded down $0.77 during trading on Friday, reaching $26.93. 2,740,310 shares of the stock were exchanged, compared to its average volume of 2,700,377. The stock has a 50 day simple moving average of $26.80 and a 200-day simple moving average of $33.04. 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 has a market capitalization of $4.94 billion, a P/E ratio of 179.55, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. WillScot Mobile Mini Holdings Corp. has a twelve month low of $21.91 and a twelve month high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). The firm had revenue of $559.55 million during the quarter, compared to the consensus estimate of $555.51 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.29 earnings per share. As a group, sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's payout ratio is 311.11%.

Insider Activity

In other news, COO Timothy D. Boswell bought 5,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the purchase, the chief operating officer now owns 34,156 shares of the company's stock, valued at approximately $995,305.84. The trade was a 17.15 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 value 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. Corporate insiders own 3.30% of the company's stock.

WillScot Mobile Mini Company 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.