Silvercrest Asset Management Group LLC Has $26.52 Million Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Silvercrest Asset Management Group LLC raised its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 792,819 shares of the company's stock after acquiring an additional 85,999 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.43% of WillScot Mobile Mini worth $26,520,000 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 company. Franklin Resources Inc. grew its position in WillScot Mobile Mini by 34.4% during the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock valued at $345,020,000 after acquiring an additional 2,639,559 shares during the period. William Blair Investment Management LLC grew its position in WillScot Mobile Mini by 13.6% during the fourth quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company's stock valued at $185,831,000 after acquiring an additional 664,805 shares during the period. FMR LLC grew its position in WillScot Mobile Mini by 12.0% during the fourth quarter. FMR LLC now owns 5,554,101 shares of the company's stock valued at $185,785,000 after acquiring an additional 595,063 shares during the period. Capital International Investors grew its position 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 valued at $177,544,000 after acquiring an additional 897,184 shares during the period. Finally, Ameriprise Financial Inc. grew its position in WillScot Mobile Mini by 4.8% during the fourth quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company's stock valued at $161,641,000 after acquiring an additional 223,462 shares during the period. Hedge funds and other institutional investors own 95.81% of the company's stock.

Insiders Place Their Bets

In related news, Director Erik Olsson sold 110,307 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total value of $3,330,168.33. Following 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Timothy D. Boswell bought 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired 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 owns 34,156 shares in the company, valued at $995,305.84. This trade 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WSC shares. Morgan Stanley increased their target price on WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Oppenheimer lowered their target price on 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. 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. Finally, Robert W. Baird lowered their target price on 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. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $40.63.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ WSC traded down $0.50 during trading on Tuesday, reaching $28.75. The stock had a trading volume of 828,678 shares, compared to its average volume of 2,704,654. 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 stock has a market cap of $5.28 billion, a PE ratio of 191.68, a P/E/G ratio of 2.18 and a beta of 1.28. WillScot Mobile Mini Holdings Corp. has a one year low of $21.91 and a one year high of $43.80. The firm's 50 day moving average price is $26.82 and its two-hundred day moving average price is $32.64.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate 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 firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.97%. WillScot Mobile Mini's dividend payout ratio (DPR) is 311.11%.

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.