Man Group plc Purchases 202,260 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Man Group plc lifted its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 138.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 348,496 shares of the company's stock after acquiring an additional 202,260 shares during the quarter. Man Group plc owned about 0.19% of WillScot Mobile Mini worth $11,657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in WSC. Jones Financial Companies Lllp increased its stake in WillScot Mobile Mini by 93.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after buying an additional 1,113 shares during the period. Canada Pension Plan Investment Board purchased a new stake in WillScot Mobile Mini during the 4th quarter worth $154,000. Headlands Technologies LLC purchased a new stake in WillScot Mobile Mini during the 4th quarter worth $174,000. FourThought Financial Partners LLC purchased a new stake in WillScot Mobile Mini during the 4th quarter worth $216,000. Finally, Stephens Inc. AR increased its stake in WillScot Mobile Mini by 23.0% during the 4th quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock worth $219,000 after buying an additional 1,222 shares during the period. Institutional investors and hedge funds own 95.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WSC shares. Robert W. Baird dropped their price target 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. Morgan Stanley boosted their target price on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Oppenheimer dropped their target price on shares of 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. Finally, Barclays dropped their target price on shares of 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. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.63.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC traded down $0.07 during trading on Friday, reaching $27.32. The company had a trading volume of 1,081,046 shares, compared to its average volume of 2,701,143. 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's fifty day moving average is $26.65 and its 200 day moving average is $32.38. WillScot Mobile Mini Holdings Corp. has a twelve month low of $21.91 and a twelve month high of $43.80. The firm has a market capitalization of $4.98 billion, a PE ratio of 182.15, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28.

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

WillScot Mobile Mini Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.02%. WillScot Mobile Mini's dividend payout ratio is currently 311.11%.

Insider Activity

In other WillScot Mobile Mini news, Director Erik Olsson sold 110,307 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total value of $3,330,168.33. Following the transaction, the director now owns 626,306 shares in the company, valued at approximately $18,908,178.14. This represents a 14.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Timothy D. Boswell acquired 5,000 shares of the company's stock in a transaction on 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 purchase, the chief operating officer now owns 34,156 shares in the company, valued at approximately $995,305.84. This trade represents a 17.15% increase in their position. The disclosure for this purchase can be found here. 3.30% of the stock is owned by company insiders.

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.