NBC Securities Inc. Acquires 10,530 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

NBC Securities Inc. raised its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 95,727.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,541 shares of the company's stock after buying an additional 10,530 shares during the quarter. NBC Securities Inc.'s holdings in WillScot Mobile Mini were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lecap Asset Management Ltd. boosted its holdings in shares of WillScot Mobile Mini by 9.9% in the 4th quarter. Lecap Asset Management Ltd. now owns 15,960 shares of the company's stock worth $534,000 after purchasing an additional 1,443 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of WillScot Mobile Mini by 23.0% in the 4th 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 in the last quarter. Equitable Trust Co. purchased a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at $295,000. Carnegie Lake Advisors LLC boosted its stake in shares of 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 purchasing an additional 280 shares in the last quarter. Finally, Compound Global Advisors LLC purchased a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at $736,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

WillScot Mobile Mini Stock Up 2.8%

Shares of NASDAQ WSC traded up $0.76 during midday trading on Friday, hitting $28.22. The stock had a trading volume of 1,115,585 shares, compared to its average volume of 2,699,684. The business's 50 day moving average is $26.29 and its 200-day moving average is $31.77. The company has a market cap of $5.15 billion, a P/E ratio of 188.15, a PEG ratio of 2.18 and a beta of 1.25. 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 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 results 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 business had revenue of $559.55 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. As a group, analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

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 of this dividend is Wednesday, June 4th. This represents a $0.28 annualized dividend and a dividend yield of 0.99%. WillScot Mobile Mini's payout ratio is 311.11%.

Insider Activity

In other WillScot Mobile Mini news, COO Timothy D. Boswell purchased 5,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the acquisition, the chief operating officer now directly owns 34,156 shares in the company, valued at $995,305.84. The trade was a 17.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Bradley Lee Soultz purchased 10,000 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were acquired at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the acquisition, the chief executive officer now owns 128,817 shares of the company's stock, valued at approximately $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. Insiders own 3.30% of the company's stock.

WillScot Mobile Mini 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.