DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 95.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 71,730 shares of the company's stock after selling 1,613,154 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in WillScot Mobile Mini were worth $2,399,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Carnegie Lake Advisors LLC boosted its stake in WillScot Mobile Mini by 0.5% in the 4th quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company's stock valued at $1,826,000 after buying an additional 280 shares in the last quarter. Sciencast Management LP raised its position in shares of WillScot Mobile Mini by 0.9% during the fourth quarter. Sciencast Management LP now owns 56,961 shares of the company's stock worth $1,905,000 after acquiring an additional 491 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its holdings in WillScot Mobile Mini by 0.3% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 344,914 shares of the company's stock valued at $11,537,000 after purchasing an additional 1,070 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in WillScot Mobile Mini by 93.5% in 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 during the last quarter. Finally, Stephens Inc. AR increased its holdings in 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 purchasing an additional 1,222 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Morgan Stanley upped their price objective on WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a report on Monday. Barclays reduced their price objective on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. 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 report on Monday, March 10th. Finally, Oppenheimer reduced 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $40.63.
Read Our Latest Report on WillScot Mobile Mini
WillScot Mobile Mini Stock Performance
NASDAQ:WSC traded up $0.37 on Friday, hitting $29.93. The company's stock had a trading volume of 537,320 shares, compared to its average volume of 3,129,303. 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 stock has a fifty day moving average of $26.83 and a two-hundred day moving average of $32.80. The firm has a market capitalization of $5.49 billion, a P/E ratio of 199.55, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. WillScot Mobile Mini Holdings Corp. has a one year low of $21.91 and a one year high of $43.80.
WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its earnings results 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 for 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%. WillScot Mobile Mini's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. Research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.
WillScot Mobile Mini Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio is currently 311.11%.
Insider Buying and Selling
In other WillScot Mobile Mini news, Director Erik Olsson sold 110,307 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $18,908,178.14. This trade represents a 14.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Bradley Lee Soultz bought 10,000 shares of WillScot Mobile Mini stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the acquisition, the chief executive officer now owns 128,817 shares in the company, valued at approximately $3,451,007.43. This represents a 8.42% increase in their position. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by company insiders.
WillScot Mobile Mini 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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