WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Acquired by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV boosted its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 165.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 919,126 shares of the company's stock after buying an additional 572,646 shares during the quarter. Nissay Asset Management Corp Japan ADV owned approximately 0.50% of WillScot Mobile Mini worth $30,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Impax Asset Management Group plc bought a new position in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $7,192,000. New York Life Investment Management LLC bought a new position in shares of WillScot Mobile Mini in the fourth quarter worth $679,000. Geneva Capital Management LLC bought a new position in shares of WillScot Mobile Mini in the fourth quarter worth $23,194,000. River Road Asset Management LLC increased its holdings in shares of WillScot Mobile Mini by 14.7% in the fourth quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock worth $54,081,000 after purchasing an additional 206,962 shares during the period. Finally, TCW Group Inc. increased its holdings in shares of WillScot Mobile Mini by 20.1% in the fourth quarter. TCW Group Inc. now owns 46,436 shares of the company's stock worth $1,553,000 after purchasing an additional 7,763 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ WSC traded down $0.58 during midday trading on Monday, hitting $29.37. 328,071 shares of the company's stock traded hands, compared to its average volume of 2,705,139. 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 $5.39 billion, a price-to-earnings ratio of 195.93, 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 firm has a fifty day moving average of $26.83 and a 200 day moving average of $32.69.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.04). The company 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS. On average, analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini's payout ratio is presently 311.11%.

Analyst Upgrades and Downgrades

WSC has been the topic of several research analyst reports. Barclays decreased their price target on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Oppenheimer decreased their price target on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Morgan Stanley upped their price target on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Finally, Robert W. Baird reduced their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, WillScot Mobile Mini currently has a consensus rating of "Moderate Buy" and an average target price of $40.63.

Insider Activity at WillScot Mobile Mini

In other news, COO Timothy D. Boswell purchased 5,000 shares of the company's stock in a transaction that occurred 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 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the 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 completion of the sale, the director now owns 626,306 shares in the company, valued at approximately $18,908,178.14. The trade was a 14.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.30% of the stock is owned by corporate insiders.

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.