Prospect Capital Advisors LLC trimmed its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 47.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,000 shares of the company's stock after selling 170,050 shares during the quarter. WillScot Mobile Mini makes up approximately 3.6% of Prospect Capital Advisors LLC's investment portfolio, making the stock its 13th biggest holding. Prospect Capital Advisors LLC owned about 0.10% of WillScot Mobile Mini worth $6,188,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Malaga Cove Capital LLC boosted its position in WillScot Mobile Mini by 221.9% in the 4th quarter. Malaga Cove Capital LLC now owns 37,774 shares of the company's stock worth $1,264,000 after purchasing an additional 26,039 shares in the last quarter. Man Group plc increased its holdings in shares of WillScot Mobile Mini by 138.3% during the 4th quarter. Man Group plc now owns 348,496 shares of the company's stock worth $11,657,000 after buying an additional 202,260 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in WillScot Mobile Mini by 165.3% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 919,126 shares of the company's stock valued at $30,965,000 after buying an additional 572,646 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of WillScot Mobile Mini by 2.5% in the 4th quarter. Nuveen Asset Management LLC now owns 569,483 shares of the company's stock valued at $19,049,000 after buying an additional 14,002 shares during the period. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of WillScot Mobile Mini during the fourth quarter worth $721,000. Hedge funds and other institutional investors own 95.81% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Oppenheimer cut their target price on 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. Morgan Stanley lifted their price target on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Robert W. Baird decreased their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Finally, Barclays cut their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, WillScot Mobile Mini currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.63.
View Our Latest Stock Analysis on WSC
Insider Buying and Selling at WillScot Mobile Mini
In other news, CEO Bradley Lee Soultz acquired 10,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was acquired 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 in the company, valued at approximately $3,451,007.43. This represents a 8.42% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Timothy D. Boswell acquired 5,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the acquisition, the chief operating officer now directly owns 34,156 shares of the company's stock, 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. 3.30% of the stock is owned by corporate insiders.
WillScot Mobile Mini Stock Performance
Shares of NASDAQ WSC traded down $0.06 during mid-day trading on Tuesday, hitting $29.19. 192,172 shares of the company were exchanged, compared to its average volume of 2,698,354. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 194.53, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The stock has a 50 day simple moving average of $26.82 and a 200-day simple moving average of $32.64. 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 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 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 business had revenue of $559.55 million during the quarter, compared to analysts' expectations of $555.51 million. During the same quarter last year, the firm earned $0.29 earnings per share. The firm's quarterly revenue was down 4.7% compared to the same quarter last year. On average, sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 0.96%. WillScot Mobile Mini's payout ratio is 311.11%.
About WillScot Mobile Mini
(
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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