Man Group plc Has $11.66 Million Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Man Group plc raised its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 138.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 348,496 shares of the company’s stock after acquiring an additional 202,260 shares during the period. Man Group plc owned approximately 0.19% of WillScot Mobile Mini worth $11,657,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings 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 period. Canada Pension Plan Investment Board bought a new stake in WillScot Mobile Mini during the fourth quarter worth $154,000. Headlands Technologies LLC bought a new stake in WillScot Mobile Mini during the fourth quarter worth $174,000. FourThought Financial Partners LLC bought a new stake in WillScot Mobile Mini during the fourth quarter worth $216,000. Finally, Stephens Inc. AR lifted its holdings 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 period. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insider Buying and Selling

In related news, CEO Bradley Lee Soultz bought 10,000 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of $26.79 per share, with a total value of $267,900.00. Following the completion of the purchase, the chief executive officer now owns 128,817 shares in the company, valued at approximately $3,451,007.43. The trade was a 8.42% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Timothy D. Boswell bought 5,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the purchase, the chief operating officer now owns 34,156 shares of the company’s stock, valued at approximately $995,305.84. The trade was a 17.15% increase in their position. The disclosure for this purchase can be found here. 3.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WSC. Robert W. Baird dropped their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Oppenheimer decreased their target price 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. Morgan Stanley raised their target price on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Monday, May 12th. Finally, Barclays decreased 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 report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, WillScot Mobile Mini currently has an average rating of “Moderate Buy” and a consensus price target of $40.63.

WillScot Mobile Mini Price Performance

Shares of WillScot Mobile Mini stock opened at $29.94 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 company has a market cap of $5.50 billion, a PE ratio of 199.61, a P/E/G ratio of 2.18 and a beta of 1.28. The business has a 50 day moving average of $26.83 and a 200 day moving average of $32.69. WillScot Mobile Mini Holdings Corp. has a 52 week low of $21.91 and a 52 week high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly 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 firm had revenue of $559.55 million during the quarter, compared to analysts’ expectations of $555.51 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. WillScot Mobile Mini’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 earnings per share. As a group, equities research 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 $0.07 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.28 annualized dividend and a yield of 0.94%. WillScot Mobile Mini’s payout ratio 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.