Douglas Lane & Associates LLC Increases Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Douglas Lane & Associates LLC boosted its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 15.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,146,929 shares of the company's stock after purchasing an additional 149,236 shares during the period. Douglas Lane & Associates LLC owned about 0.62% of WillScot Mobile Mini worth $31,885,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State of Wyoming purchased a new stake in shares of WillScot Mobile Mini in the 4th quarter worth approximately $34,000. Jones Financial Companies Lllp lifted its position in WillScot Mobile Mini by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after purchasing an additional 1,113 shares during the period. Canada Pension Plan Investment Board purchased a new stake in WillScot Mobile Mini in the fourth quarter worth approximately $154,000. Headlands Technologies LLC purchased a new stake in WillScot Mobile Mini during the 4th quarter valued at $174,000. Finally, FourThought Financial Partners LLC purchased a new position in shares of WillScot Mobile Mini in the 4th quarter worth $216,000. Hedge funds and other institutional investors own 95.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on WSC shares. Barclays reduced their price target 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. 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 report on Monday, March 10th. William Blair reissued a "market perform" rating on shares of WillScot Mobile Mini in a research report on Thursday, May 29th. Robert W. Baird decreased their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Finally, Morgan Stanley boosted their price target on WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.63.

WillScot Mobile Mini Trading Up 0.8%

WillScot Mobile Mini stock traded up $0.21 during midday trading on Thursday, reaching $27.85. The stock had a trading volume of 356,226 shares, compared to its average volume of 2,688,914. 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 fifty day moving average of $26.28 and a 200 day moving average of $31.87. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 185.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. 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 issued 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 return on equity of 24.67% and a net margin of 1.17%. WillScot Mobile Mini's revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. On average, analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders 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 annualized dividend and a yield of 1.01%. WillScot Mobile Mini's payout ratio is currently 311.11%.

Insider Buying and Selling at WillScot Mobile Mini

In other news, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini 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 of the company's stock, valued at $18,908,178.14. The trade was a 14.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Timothy D. Boswell acquired 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Thursday, March 13th. The shares were purchased 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 in the company, valued at $995,305.84. This represents 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 currently owned by corporate insiders.

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.