Nissay Asset Management Corp Japan ADV Has $30.97 Million Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Nissay Asset Management Corp Japan ADV grew its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 165.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 919,126 shares of the company's stock after acquiring an additional 572,646 shares during the quarter. Nissay Asset Management Corp Japan ADV owned about 0.50% of WillScot Mobile Mini worth $30,965,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of WSC. Jones Financial Companies Lllp lifted its position in shares of WillScot Mobile Mini by 93.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after buying an additional 1,113 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of WillScot Mobile Mini during the 4th quarter worth $154,000. Headlands Technologies LLC bought a new stake in shares of WillScot Mobile Mini during the 4th quarter worth $174,000. FourThought Financial Partners LLC bought a new stake in shares of WillScot Mobile Mini during the 4th quarter worth $216,000. Finally, Stephens Inc. AR lifted its position in shares of WillScot Mobile Mini by 23.0% during the 4th quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock worth $219,000 after buying an additional 1,222 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Timothy D. Boswell purchased 5,000 shares of the firm's stock in a transaction dated 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 owns 34,156 shares in the company, valued at approximately $995,305.84. This represents a 17.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Bradley Lee Soultz bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $26.79 per share, with a total value of $267,900.00. Following the purchase, the chief executive officer now directly owns 128,817 shares of the company's stock, valued at $3,451,007.43. This trade represents a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.30% of the company's stock.

Wall Street Analyst Weigh In

WSC has been the subject of several recent analyst reports. Oppenheimer dropped their price objective on 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. Robert W. Baird dropped their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Morgan Stanley upped their price objective on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Barclays dropped their price objective on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $40.63.

WillScot Mobile Mini Trading Up 1.3%

WillScot Mobile Mini stock traded up $0.38 during trading hours on Friday, hitting $29.94. The stock had a trading volume of 1,586,432 shares, compared to its average volume of 2,711,817. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 199.61, 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 business's 50 day simple moving average is $26.83 and its 200-day simple moving average is $32.73.

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

WillScot Mobile Mini Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.28 annualized dividend and a dividend 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.