Fisher Asset Management LLC boosted its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 21.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,262,166 shares of the company's stock after acquiring an additional 219,111 shares during the quarter. Fisher Asset Management LLC owned about 0.68% of WillScot Mobile Mini worth $42,219,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of WSC. Proficio Capital Partners LLC purchased a new stake in shares of WillScot Mobile Mini during the 4th quarter worth approximately $432,000. K.J. Harrison & Partners Inc acquired a new position in WillScot Mobile Mini during the fourth quarter worth $533,000. New York Life Investment Management LLC purchased a new stake in WillScot Mobile Mini during the fourth quarter worth $679,000. FourThought Financial Partners LLC acquired a new stake in WillScot Mobile Mini in the fourth quarter valued at $216,000. Finally, Bank of New York Mellon Corp increased its position in shares of WillScot Mobile Mini by 2.6% in the fourth quarter. Bank of New York Mellon Corp now owns 716,006 shares of the company's stock valued at $23,950,000 after buying an additional 18,087 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.
Analyst Ratings Changes
Separately, Morgan Stanley upgraded shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $44.22.
Read Our Latest Research Report on WillScot Mobile Mini
Insider Transactions at WillScot Mobile Mini
In related news, insider Graeme Parkes sold 2,900 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the transaction, the insider now directly owns 72,818 shares in the company, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.30% of the company's stock.
WillScot Mobile Mini Price Performance
WillScot Mobile Mini stock traded down $0.79 during midday trading on Thursday, reaching $29.51. 1,327,529 shares of the company were exchanged, compared to its average volume of 2,388,790. The firm's 50-day simple moving average is $35.69 and its 200-day simple moving average is $36.82. WillScot Mobile Mini Holdings Corp. has a 1 year low of $28.84 and a 1 year high of $47.91. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 196.77, a P/E/G ratio of 2.18 and a beta of 1.45. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.
WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. The business had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. On average, analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.
WillScot Mobile Mini Dividend Announcement
The firm also recently declared a -- dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is presently 186.67%.
About WillScot Mobile Mini
(
Free Report)
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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