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

Brown Brothers Harriman & Co. boosted its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 182,738.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 837,400 shares of the company's stock after acquiring an additional 836,942 shares during the period. Brown Brothers Harriman & Co. owned 0.45% of WillScot Mobile Mini worth $28,011,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA raised its position in shares of WillScot Mobile Mini by 7.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 25,594 shares of the company's stock valued at $856,000 after buying an additional 1,705 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in WillScot Mobile Mini by 16,513.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 360,353 shares of the company's stock valued at $12,054,000 after acquiring an additional 358,184 shares during the last quarter. Norges Bank acquired a new position in WillScot Mobile Mini during the fourth quarter valued at approximately $97,734,000. Pier Capital LLC boosted its holdings in shares of WillScot Mobile Mini by 1.9% in the 4th quarter. Pier Capital LLC now owns 229,753 shares of the company's stock valued at $7,685,000 after purchasing an additional 4,378 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP lifted its position in shares of 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 worth $7,365,000 after buying an additional 38,287 shares during the last quarter. Institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Stock Up 3.6 %

Shares of WillScot Mobile Mini stock traded up $1.00 during trading hours on Wednesday, reaching $28.48. The company's stock had a trading volume of 913,182 shares, compared to its average volume of 2,620,514. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The stock's fifty day simple moving average is $33.65 and its two-hundred day simple moving average is $35.68. The company has a market capitalization of $5.23 billion, a P/E ratio of 189.88, a P/E/G ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini Holdings Corp. has a one year low of $26.91 and a one year high of $45.41.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm had revenue of $602.52 million during the quarter, compared to analyst estimates of $606.55 million. On average, research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio (DPR) is presently 186.67%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Oppenheimer cut their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Robert W. Baird reduced their target price 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. Finally, Morgan Stanley upgraded WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $42.75.

Insiders Place Their Bets

In related news, COO Timothy D. Boswell purchased 5,000 shares of the business's stock in a transaction that occurred on 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 acquisition, the chief operating officer now owns 34,156 shares of the company's stock, valued at $995,305.84. This represents a 17.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the firm's stock in a transaction dated 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 sale, the director now owns 626,306 shares of the company's stock, 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. Insiders own 3.30% of the company's stock.

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.