Invesco Ltd. Has $60.89 Million Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Invesco Ltd. increased its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 747.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,820,316 shares of the company's stock after purchasing an additional 1,605,436 shares during the period. Invesco Ltd. owned 0.99% of WillScot Mobile Mini worth $60,890,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Carnegie Lake Advisors LLC lifted its stake in WillScot Mobile Mini by 0.5% during the fourth quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company's stock valued at $1,826,000 after buying an additional 280 shares in the last quarter. Sciencast Management LP raised its holdings in shares of WillScot Mobile Mini by 0.9% during the fourth quarter. Sciencast Management LP now owns 56,961 shares of the company's stock valued at $1,905,000 after acquiring an additional 491 shares during the period. Jones Financial Companies Lllp lifted its position in shares of WillScot Mobile Mini by 93.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after acquiring an additional 1,113 shares in the last quarter. Stephens Inc. AR boosted its stake in WillScot Mobile Mini by 23.0% in the 4th quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock worth $219,000 after purchasing an additional 1,222 shares during the period. Finally, Levin Capital Strategies L.P. grew its position in WillScot Mobile Mini by 17.0% during the 4th quarter. Levin Capital Strategies L.P. now owns 8,770 shares of the company's stock worth $293,000 after purchasing an additional 1,272 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Erik Olsson sold 110,307 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the completion of the transaction, the director now directly owns 626,306 shares in the company, valued at $18,908,178.14. This represents a 14.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Timothy D. Boswell purchased 5,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the transaction, the chief operating officer now directly owns 34,156 shares in the company, valued at approximately $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. Insiders own 3.30% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on WSC. Morgan Stanley lowered their target price on WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday. Barclays dropped their price objective on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Oppenheimer decreased their target price on shares of 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 dropped their price target on shares of 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, WillScot Mobile Mini currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.50.

WillScot Mobile Mini Stock Up 0.5 %

NASDAQ:WSC traded up $0.11 during trading hours on Friday, reaching $23.32. The company's stock had a trading volume of 2,962,898 shares, compared to its average volume of 2,738,670. 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 company has a market cap of $4.28 billion, a price-to-earnings ratio of 155.48, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. WillScot Mobile Mini Holdings Corp. has a one year low of $21.91 and a one year high of $43.80. The business's 50-day moving average is $29.83 and its 200-day moving average is $34.24.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. The business had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. Equities research 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 announced a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini's payout ratio is presently 186.67%.

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.