Brown Brothers Harriman & Co. Buys 836,942 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Brown Brothers Harriman & Co. raised its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 182,738.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 837,400 shares of the company's stock after purchasing an additional 836,942 shares during the quarter. Brown Brothers Harriman & Co. owned 0.45% of WillScot Mobile Mini worth $28,011,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WSC. Pictet Asset Management Holding SA raised its holdings in shares of WillScot Mobile Mini by 7.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,594 shares of the company's stock valued at $856,000 after acquiring an additional 1,705 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in WillScot Mobile Mini by 16,513.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 360,353 shares of the company's stock valued at $12,054,000 after purchasing an additional 358,184 shares during the last quarter. Norges Bank acquired a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at about $97,734,000. Pier Capital LLC boosted its position in WillScot Mobile Mini by 1.9% during the fourth quarter. Pier Capital LLC now owns 229,753 shares of the company's stock worth $7,685,000 after acquiring an additional 4,378 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP grew its stake in WillScot Mobile Mini by 21.0% during the 4th quarter. Advantage Alpha Capital Partners LP now owns 220,193 shares of the company's stock valued at $7,365,000 after acquiring an additional 38,287 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

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Analyst Ratings Changes

WSC has been the topic of several research reports. Morgan Stanley raised WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Oppenheimer lowered their price objective 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. Finally, Robert W. Baird decreased their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, WillScot Mobile Mini presently has an average rating of "Moderate Buy" and a consensus price target of $42.67.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, COO Timothy D. Boswell bought 5,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was purchased 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 directly 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $3,330,168.33. Following the completion of the transaction, the director now owns 626,306 shares in the company, valued at $18,908,178.14. This trade represents a 14.97 % decrease in their position. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

WillScot Mobile Mini Trading Down 1.2 %

WSC stock traded down $0.35 during mid-day trading on Monday, reaching $27.80. 2,605,089 shares of the stock traded hands, compared to its average volume of 2,627,736. The stock's fifty day moving average is $34.05 and its 200-day moving average is $35.85. WillScot Mobile Mini Holdings Corp. has a 52-week low of $26.95 and a 52-week high of $45.55. The company has a market cap of $5.10 billion, a P/E ratio of 185.35, a P/E/G ratio of 2.18 and a beta of 1.45. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. As a group, sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Dividend Announcement

The firm also recently announced a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.07 per share. The ex-dividend date was 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.