Northern Trust Corp Raises Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Northern Trust Corp lifted its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,146,903 shares of the company's stock after acquiring an additional 96,589 shares during the period. Northern Trust Corp owned 0.62% of WillScot Mobile Mini worth $38,364,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WSC. Franklin Resources Inc. lifted its holdings in WillScot Mobile Mini by 34.4% in the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock valued at $345,020,000 after purchasing an additional 2,639,559 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of 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 valued at $185,831,000 after buying an additional 664,805 shares during the period. FMR LLC grew its position in WillScot Mobile Mini by 12.0% in the fourth 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 period. Capital International Investors boosted its stake in WillScot Mobile Mini by 20.3% during the fourth quarter. Capital International Investors now owns 5,307,738 shares of the company's stock worth $177,544,000 after buying an additional 897,184 shares during the period. Finally, Swedbank AB boosted its position in shares of WillScot Mobile Mini by 3.0% during the fourth quarter. Swedbank AB now owns 3,324,000 shares of the company's stock worth $111,188,000 after buying an additional 98,000 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of $26.79 per share, with a total value of $267,900.00. Following the completion of the transaction, the chief executive officer now directly owns 128,817 shares of the company's stock, valued at approximately $3,451,007.43. The trade was a 8.42% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 cost of $29.14 per share, with a total value of $145,700.00. Following the acquisition, the chief operating officer now owns 34,156 shares of the company's stock, valued at approximately $995,305.84. The trade was a 17.15% increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.30% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Oppenheimer reduced their price objective on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Barclays cut their target price on shares of 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 cut their target price 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. Finally, Morgan Stanley boosted their price objective on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday. Four research 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, the company has an average rating of "Moderate Buy" and an average price target of $40.63.

WillScot Mobile Mini Price Performance

Shares of NASDAQ WSC traded down $0.22 during trading hours on Thursday, hitting $29.75. 214,042 shares of the stock were exchanged, compared to its average volume of 2,703,364. The company has a market cap of $5.46 billion, a PE ratio of 198.43, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The company's fifty day simple moving average is $26.84 and its two-hundred day simple moving average is $32.87. WillScot Mobile Mini Holdings Corp. has a 1-year low of $21.91 and a 1-year high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced 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). 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 net margin of 1.17% and a return on equity of 24.67%. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 EPS. On average, sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.28 annualized dividend and a yield of 0.94%. WillScot Mobile Mini's payout ratio is 311.11%.

WillScot Mobile Mini 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.