Nuveen Asset Management LLC Raises Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Nuveen Asset Management LLC increased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 569,483 shares of the company's stock after purchasing an additional 14,002 shares during the quarter. Nuveen Asset Management LLC owned 0.31% of WillScot Mobile Mini worth $19,049,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Impax Asset Management Group plc acquired a new position in WillScot Mobile Mini in the 4th quarter valued at about $7,192,000. New York Life Investment Management LLC acquired a new position in WillScot Mobile Mini in the 4th quarter valued at about $679,000. Geneva Capital Management LLC acquired a new position in WillScot Mobile Mini in the 4th quarter valued at about $23,194,000. River Road Asset Management LLC grew its position in WillScot Mobile Mini by 14.7% in the 4th quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock valued at $54,081,000 after acquiring an additional 206,962 shares in the last quarter. Finally, TCW Group Inc. grew its position in WillScot Mobile Mini by 20.1% in the 4th quarter. TCW Group Inc. now owns 46,436 shares of the company's stock valued at $1,553,000 after acquiring an additional 7,763 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Mobile Mini Stock Down 1.2%

Shares of WillScot Mobile Mini stock traded down $0.32 on Thursday, reaching $27.28. 365,245 shares of the company were exchanged, compared to its average volume of 2,687,672. WillScot Mobile Mini Holdings Corp. has a 1-year low of $21.91 and a 1-year high of $43.80. The company has a market cap of $4.98 billion, a P/E ratio of 181.95, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The stock's 50 day moving average price is $26.49 and its 200-day moving average price is $32.19.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.04). The business had revenue of $559.55 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. As a group, equities analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.03%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini's payout ratio is 311.11%.

Insider Buying and Selling

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the purchase, the chief executive officer now directly owns 128,817 shares in the company, valued at $3,451,007.43. This trade represents a 8.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Timothy D. Boswell bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $29.14 per share, with a total value of $145,700.00. Following the purchase, the chief operating officer now owns 34,156 shares of the company's stock, valued at $995,305.84. The trade was a 17.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WSC. Morgan Stanley lifted their target price on WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. 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 research report on Friday, April 4th. Robert W. Baird lowered 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. William Blair reissued a "market perform" rating on shares of WillScot Mobile Mini in a research report on Thursday. Finally, Oppenheimer lowered their price objective 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. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.