Bokf Na decreased its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,509 shares of the company’s stock after selling 1,320 shares during the period. Bokf Na’s holdings in WillScot Mobile Mini were worth $753,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in shares of WillScot Mobile Mini by 93.5% in 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. Canada Pension Plan Investment Board bought a new position in WillScot Mobile Mini in the 4th quarter valued at approximately $154,000. Headlands Technologies LLC acquired a new stake in WillScot Mobile Mini in the fourth quarter valued at approximately $174,000. FourThought Financial Partners LLC acquired a new position in shares of WillScot Mobile Mini during the fourth quarter worth $216,000. Finally, Stephens Inc. AR lifted its stake in shares of WillScot Mobile Mini by 23.0% in the 4th quarter. Stephens Inc. AR now owns 6,544 shares of the company’s stock valued at $219,000 after acquiring an additional 1,222 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on WSC. Barclays reduced their price objective on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, April 4th. Morgan Stanley dropped their price objective on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Robert W. Baird reduced their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Finally, Oppenheimer dropped their price target on shares of 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.50.
Insider Activity at WillScot Mobile Mini
In other WillScot Mobile Mini news, COO Timothy D. Boswell acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were purchased 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 of the company’s stock, valued at approximately $995,305.84. This represents a 17.15 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Erik Olsson sold 110,307 shares of the business’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 of the company’s stock, valued at $18,908,178.14. This represents 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 Price Performance
Shares of NASDAQ WSC opened at $26.93 on Friday. The company has a market capitalization of $4.94 billion, a PE ratio of 179.55, a P/E/G ratio of 2.18 and a beta of 1.28. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a twelve month low of $21.91 and a twelve month high of $43.80. The firm has a fifty day simple moving average of $26.80 and a 200 day simple moving average of $33.04.
WillScot Mobile Mini (NASDAQ:WSC – Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The business had revenue of $559.55 million during the quarter, compared to analyst estimates of $555.51 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, sell-side analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.
WillScot Mobile Mini Announces Dividend
The business also recently disclosed 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 1.04%. WillScot Mobile Mini’s dividend payout ratio is currently 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.
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