Bank of New York Mellon Corp Grows Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Bank of New York Mellon Corp raised its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 716,006 shares of the company's stock after acquiring an additional 18,087 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.39% of WillScot Mobile Mini worth $23,950,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Carnegie Lake Advisors LLC grew its position in shares of WillScot Mobile Mini by 0.5% during the 4th quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company's stock valued at $1,826,000 after acquiring an additional 280 shares during the period. First Horizon Advisors Inc. boosted its position 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 purchasing an additional 302 shares in the last quarter. KBC Group NV grew its holdings in WillScot Mobile Mini by 14.7% in the third quarter. KBC Group NV now owns 5,110 shares of the company's stock valued at $192,000 after purchasing an additional 655 shares during the period. Verdence Capital Advisors LLC increased its position in shares of WillScot Mobile Mini by 4.9% in the third quarter. Verdence Capital Advisors LLC now owns 20,210 shares of the company's stock valued at $760,000 after buying an additional 936 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of WillScot Mobile Mini by 1.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 65,320 shares of the company's stock worth $2,456,000 after buying an additional 1,220 shares during the period. Hedge funds and other institutional investors own 95.81% of the company's stock.

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Wall Street Analysts Forecast Growth

WSC has been the subject of several recent analyst reports. Morgan Stanley raised shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Robert W. Baird cut their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Oppenheimer reduced 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 report on Monday. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, WillScot Mobile Mini presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.67.

WillScot Mobile Mini Price Performance

WSC stock traded down $0.15 during mid-day trading on Wednesday, reaching $29.92. The company's stock had a trading volume of 4,672,555 shares, compared to its average volume of 2,416,790. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The company's 50 day moving average is $35.28 and its two-hundred day moving average is $36.53. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $27.58 and a fifty-two week high of $47.18. The stock has a market cap of $5.49 billion, a PE ratio of 199.48, a P/E/G ratio of 2.18 and a beta of 1.45.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $602.52 million during the quarter, compared to analysts' expectations of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. Equities research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The company also recently declared a -- dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini's payout ratio is 186.67%.

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.