Harbor Capital Advisors Inc. Buys 12,022 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Harbor Capital Advisors Inc. grew its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 14.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,522 shares of the company's stock after purchasing an additional 12,022 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.05% of WillScot Mobile Mini worth $2,656,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WSC. Norges Bank bought a new position in shares of WillScot Mobile Mini during the 4th quarter valued at about $97,734,000. Franklin Resources Inc. boosted its holdings in WillScot Mobile Mini by 34.4% during the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock valued at $345,020,000 after acquiring an additional 2,639,559 shares during the period. Van Berkom & Associates Inc. purchased a new stake in WillScot Mobile Mini during the 4th quarter valued at about $58,855,000. Invesco Ltd. boosted its holdings in WillScot Mobile Mini by 747.1% during the 4th quarter. Invesco Ltd. now owns 1,820,316 shares of the company's stock valued at $60,890,000 after acquiring an additional 1,605,436 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its holdings in WillScot Mobile Mini by 1,246.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,229,196 shares of the company's stock valued at $41,117,000 after acquiring an additional 1,137,890 shares during the period. 95.81% of the stock is currently owned by institutional investors.

WillScot Mobile Mini Stock Down 3.8%

Shares of NASDAQ:WSC traded down $1.05 during trading on Friday, hitting $26.71. The stock had a trading volume of 1,071,533 shares, compared to its average volume of 2,686,293. WillScot Mobile Mini Holdings Corp. has a 12 month low of $21.91 and a 12 month high of $43.80. The company has a market capitalization of $4.87 billion, a PE ratio of 178.08, a PEG ratio of 2.18 and a beta of 1.25. The firm's fifty day moving average is $26.57 and its 200 day moving average is $31.42. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced 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 quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. Analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini's payout ratio is 311.11%.

Insider Buying and Selling at WillScot Mobile Mini

In other news, Director Erik Olsson sold 110,307 shares of the business'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 completion of the transaction, the director now owns 626,306 shares in the company, valued at $18,908,178.14. The trade was a 14.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $26.79 per share, with a total value of $267,900.00. Following the acquisition, the chief executive officer now directly owns 128,817 shares of the company's stock, valued at $3,451,007.43. This trade represents a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WSC shares. William Blair restated a "market perform" rating on shares of WillScot Mobile Mini in a report on Thursday, May 29th. Robert W. Baird dropped their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Oppenheimer dropped their price objective on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Morgan Stanley increased their price objective on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Finally, Barclays dropped their price objective on 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. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.63.

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.