Grantham Mayo Van Otterloo & Co. LLC Invests $1.81 Million in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,139 shares of the company's stock, valued at approximately $1,811,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in WillScot Mobile Mini by 9.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 47,437 shares of the company's stock valued at $1,784,000 after purchasing an additional 4,140 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of WillScot Mobile Mini by 13.7% during the 3rd quarter. HighTower Advisors LLC now owns 32,686 shares of the company's stock valued at $1,237,000 after buying an additional 3,942 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of WillScot Mobile Mini by 4.4% during the third quarter. Janus Henderson Group PLC now owns 147,175 shares of the company's stock worth $5,535,000 after buying an additional 6,262 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of WillScot Mobile Mini by 21.7% in the third quarter. Quantinno Capital Management LP now owns 9,420 shares of the company's stock worth $354,000 after buying an additional 1,681 shares during the last quarter. Finally, State Street Corp raised its holdings in WillScot Mobile Mini by 2.3% in the third quarter. State Street Corp now owns 3,346,779 shares of the company's stock valued at $125,839,000 after acquiring an additional 74,212 shares in the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, Director Erik Olsson sold 110,307 shares of the stock in a transaction 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 completion of the transaction, the director now owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. This represents a 14.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Timothy D. Boswell acquired 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $29.14 per share, for a total transaction 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 disclosure for this purchase can be found here. 3.30% of the stock is owned by insiders.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ:WSC traded down $0.10 during trading on Friday, hitting $24.69. 3,072,906 shares of the company traded hands, compared to its average volume of 2,719,393. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 164.61, a PEG ratio of 2.18 and a beta of 1.25. WillScot Mobile Mini Holdings Corp. has a one year low of $21.91 and a one year high of $43.80. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The business's fifty day moving average is $31.18 and its 200-day moving average is $34.68.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $606.55 million. As a group, equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on WSC shares. Robert W. Baird decreased their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Oppenheimer decreased their price target on 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. Barclays cut 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 note on Friday, April 4th. Finally, Morgan Stanley upgraded WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, WillScot Mobile Mini presently has an average rating of "Moderate Buy" and a consensus target price of $42.00.

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.