SG Americas Securities LLC Purchases Shares of 60,754 WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

SG Americas Securities LLC bought a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 60,754 shares of the company's stock, valued at approximately $1,689,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WSC. GAMMA Investing LLC raised its holdings in shares of WillScot Mobile Mini by 273.2% during the first quarter. GAMMA Investing LLC now owns 933 shares of the company's stock valued at $26,000 after acquiring an additional 683 shares during the period. Yousif Capital Management LLC acquired a new stake in shares of WillScot Mobile Mini in the first quarter worth $1,955,000. Harbor Capital Advisors Inc. boosted its stake in WillScot Mobile Mini by 14.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 95,522 shares of the company's stock valued at $2,656,000 after purchasing an additional 12,022 shares during the period. Salvus Wealth Management LLC boosted its holdings in WillScot Mobile Mini by 2.4% in the 1st quarter. Salvus Wealth Management LLC now owns 48,890 shares of the company's stock valued at $1,359,000 after purchasing an additional 1,145 shares during the period. Finally, NBC Securities Inc. increased its position in shares of WillScot Mobile Mini by 95,727.3% during the first quarter. NBC Securities Inc. now owns 10,541 shares of the company's stock valued at $293,000 after purchasing an additional 10,530 shares during the period. Institutional investors and hedge funds own 95.81% of the company's stock.

Insiders Place Their Bets

In other 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 transaction, the director now directly owns 626,306 shares in the company, valued at $18,908,178.14. This trade represents a 14.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Bradley Lee Soultz purchased 10,000 shares of WillScot Mobile Mini stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $26.79 per share, with a total value of $267,900.00. Following the transaction, the chief executive officer now directly owns 128,817 shares in the company, valued at approximately $3,451,007.43. The trade was a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WSC. Oppenheimer decreased their price target on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. 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 research note on Monday, May 12th. William Blair reaffirmed a "market perform" rating on shares of WillScot Mobile Mini in a report on Thursday, May 29th. Barclays lowered their price objective 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. Finally, Robert W. Baird reduced their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.63.

WillScot Mobile Mini Stock Down 0.9%

NASDAQ:WSC traded down $0.24 on Monday, hitting $26.47. The stock had a trading volume of 2,902,121 shares, compared to its average volume of 2,687,157. 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 Holdings Corp. has a 52 week low of $21.91 and a 52 week high of $43.80. The business's fifty day moving average is $26.57 and its 200 day moving average is $31.37. The company has a market cap of $4.83 billion, a PE ratio of 176.48, a P/E/G ratio of 2.18 and a beta of 1.25.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly 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 company had revenue of $559.55 million during the quarter, compared to the consensus estimate of $555.51 million. During the same period last year, the firm posted $0.29 EPS. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given 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 yield of 1.06%. WillScot Mobile Mini's payout ratio is currently 311.11%.

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.