Marshall Wace LLP Acquires 77,607 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Marshall Wace LLP boosted its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 924.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,999 shares of the company's stock after acquiring an additional 77,607 shares during the quarter. Marshall Wace LLP's holdings in WillScot Mobile Mini were worth $2,877,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WSC. Franklin Resources Inc. boosted its stake in WillScot Mobile Mini by 34.4% in the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock worth $345,020,000 after purchasing an additional 2,639,559 shares in the last quarter. William Blair Investment Management LLC lifted its position in WillScot Mobile Mini by 13.6% during the 4th quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company's stock worth $185,831,000 after buying an additional 664,805 shares in the last quarter. FMR LLC grew its holdings in WillScot Mobile Mini by 12.0% during the 4th quarter. FMR LLC now owns 5,554,101 shares of the company's stock worth $185,785,000 after acquiring an additional 595,063 shares during the last quarter. Swedbank AB grew its holdings in WillScot Mobile Mini by 3.0% during the 4th quarter. Swedbank AB now owns 3,324,000 shares of the company's stock worth $111,188,000 after acquiring an additional 98,000 shares during the last quarter. Finally, Norges Bank acquired a new stake in WillScot Mobile Mini in the 4th quarter valued at about $97,734,000. 95.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on WSC shares. Barclays lowered 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 note on Friday, April 4th. Robert W. Baird reduced 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 report on Monday, March 10th. Morgan Stanley lowered their target price on WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Oppenheimer cut 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $40.50.

Insider Buying and Selling at WillScot Mobile Mini

In other news, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction dated 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 completion of the sale, the director now owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. The trade was a 14.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Timothy D. Boswell bought 5,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the acquisition, the chief operating officer now directly owns 34,156 shares of the company's stock, valued at approximately $995,305.84. This trade represents a 17.15 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company's stock.

WillScot Mobile Mini Stock Up 7.7 %

Shares of WSC traded up $1.99 during mid-day trading on Friday, hitting $27.62. 1,178,465 shares of the company's stock were exchanged, compared to its average volume of 2,714,580. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. 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 market cap of $5.07 billion, a PE ratio of 184.31, a P/E/G ratio of 2.18 and a beta of 1.25. The company has a 50-day simple moving average of $27.47 and a 200 day simple moving average of $33.46.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The company had revenue of $559.55 million during the quarter, compared to the consensus estimate of $555.51 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

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 issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.01%. 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.