Raymond James Financial Inc. Acquires Shares of 247,939 WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Raymond James Financial Inc. bought a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 247,939 shares of the company's stock, valued at approximately $8,294,000. Raymond James Financial Inc. owned about 0.13% of WillScot Mobile Mini as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Impax Asset Management Group plc purchased a new position in WillScot Mobile Mini during the 4th quarter valued at $7,192,000. New York Life Investment Management LLC purchased a new position in WillScot Mobile Mini during the 4th quarter valued at $679,000. Geneva Capital Management LLC purchased a new position in WillScot Mobile Mini during the 4th quarter valued at $23,194,000. River Road Asset Management LLC boosted its holdings in WillScot Mobile Mini by 14.7% during the 4th quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock valued at $54,081,000 after acquiring an additional 206,962 shares during the period. Finally, TCW Group Inc. lifted its holdings in shares of WillScot Mobile Mini by 20.1% in the 4th quarter. TCW Group Inc. now owns 46,436 shares of the company's stock worth $1,553,000 after buying an additional 7,763 shares during the period. Institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Stock Down 1.0 %

Shares of WillScot Mobile Mini stock traded down $0.26 on Monday, reaching $24.82. The stock had a trading volume of 1,756,911 shares, compared to its average volume of 2,731,754. The company has a 50 day moving average price of $28.12 and a 200 day moving average price of $33.65. 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. The stock has a market capitalization of $4.56 billion, a P/E ratio of 165.48, a P/E/G ratio of 2.18 and a beta of 1.25.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm had revenue of $602.52 million for the quarter, compared to the consensus estimate of $606.55 million. As a group, equities research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The business 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 of this dividend was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio (DPR) is presently 186.67%.

Insider Buying and Selling

In related news, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction that occurred on 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 directly owns 626,306 shares in the company, valued at $18,908,178.14. This trade represents a 14.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Timothy D. Boswell bought 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $29.14 per share, with a total value of $145,700.00. Following the completion of the purchase, the chief operating officer now directly owns 34,156 shares in the company, valued at $995,305.84. This 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 company insiders.

Analysts Set New Price Targets

WSC has been the subject of several recent research reports. Robert W. Baird decreased their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a 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 on the stock in a research report on Friday, April 4th. Oppenheimer cut their target price on shares of 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. Finally, Morgan Stanley cut their target price on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.50.

About WillScot Mobile Mini

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.