William Blair Investment Management LLC Grows Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

William Blair Investment Management LLC increased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,555,481 shares of the company’s stock after buying an additional 664,805 shares during the quarter. William Blair Investment Management LLC owned about 3.01% of WillScot Mobile Mini worth $185,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in WSC. Carnegie Lake Advisors LLC increased its stake in WillScot Mobile Mini by 0.5% during the fourth quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company’s stock worth $1,826,000 after acquiring an additional 280 shares during the last quarter. First Horizon Advisors Inc. increased its stake in WillScot Mobile Mini by 16.4% during the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after acquiring an additional 302 shares during the last quarter. KBC Group NV increased its stake in WillScot Mobile Mini by 14.7% during the third quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after acquiring an additional 655 shares during the last quarter. Jones Financial Companies Lllp increased its stake in WillScot Mobile Mini by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock worth $77,000 after acquiring an additional 1,113 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in WillScot Mobile Mini by 23.0% during the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company’s stock worth $219,000 after acquiring an additional 1,222 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other WillScot Mobile Mini news, COO Timothy D. Boswell purchased 5,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the acquisition, the chief operating officer now owns 34,156 shares of the company’s stock, valued at approximately $995,305.84. This trade represents a 17.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on WSC. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Robert W. Baird dropped their price target 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. Finally, 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. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.67.

WillScot Mobile Mini Price Performance

Shares of NASDAQ WSC opened at $29.95 on Monday. 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 business has a 50 day moving average price of $35.10 and a two-hundred day moving average price of $36.39. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $27.58 and a fifty-two week high of $47.18. The firm has a market cap of $5.50 billion, a PE ratio of 199.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $602.52 million for the quarter, compared to the consensus estimate of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. Sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is presently 186.67%.

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.