Granahan Investment Management LLC lowered its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 589,169 shares of the company's stock after selling 33,707 shares during the quarter. Granahan Investment Management LLC owned approximately 0.32% of WillScot Mobile Mini worth $19,708,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of WillScot Mobile Mini during the 4th quarter worth about $97,734,000. Franklin Resources Inc. boosted its stake in shares of WillScot Mobile Mini by 34.4% during the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock worth $345,020,000 after acquiring an additional 2,639,559 shares in the last quarter. Van Berkom & Associates Inc. bought a new stake in shares of WillScot Mobile Mini during the 4th quarter worth about $58,855,000. Invesco Ltd. boosted its stake in shares of WillScot Mobile Mini by 747.1% during the 4th quarter. Invesco Ltd. now owns 1,820,316 shares of the company's stock worth $60,890,000 after acquiring an additional 1,605,436 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of WillScot Mobile Mini by 1,246.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,229,196 shares of the company's stock worth $41,117,000 after acquiring an additional 1,137,890 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.
WillScot Mobile Mini Stock Performance
Shares of NASDAQ:WSC traded up $2.72 during trading on Monday, hitting $29.65. 4,020,534 shares of the stock were exchanged, compared to its average volume of 2,708,127. 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 capitalization of $5.44 billion, a price-to-earnings ratio of 197.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The company's fifty day simple moving average is $26.79 and its 200-day simple moving average is $32.91. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.
WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings data 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). WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm had revenue of $559.55 million for the quarter, compared to analyst estimates of $555.51 million. During the same period in the previous year, the business posted $0.29 EPS. WillScot Mobile Mini's revenue for the quarter was down 4.7% compared to the same quarter last year. Sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.
WillScot Mobile Mini Announces Dividend
The company also recently disclosed 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. This represents a $0.28 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's payout ratio is presently 311.11%.
Analysts Set New Price Targets
Several research firms have recently issued reports on WSC. Morgan Stanley upped their price target on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday. Barclays decreased their price target on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Oppenheimer decreased their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Finally, Robert W. Baird lowered 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, WillScot Mobile Mini has an average rating of "Moderate Buy" and a consensus price target of $40.63.
Read Our Latest Stock Report on WSC
Insider Transactions at WillScot Mobile Mini
In related news, CEO Bradley Lee Soultz bought 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $26.79 per share, for a total transaction of $267,900.00. Following the transaction, the chief executive officer now directly owns 128,817 shares of the company's stock, valued at $3,451,007.43. This represents a 8.42% 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, COO Timothy D. Boswell bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $29.14 per share, with a total value of $145,700.00. Following the transaction, the chief operating officer now directly owns 34,156 shares in the company, valued at $995,305.84. This trade 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 owned by insiders.
WillScot Mobile Mini Company Profile
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Free Report)
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.
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