WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Position Boosted by Invesco Ltd.

Invesco Ltd. raised its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 747.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,820,316 shares of the company's stock after acquiring an additional 1,605,436 shares during the period. Invesco Ltd. owned approximately 0.99% of WillScot Mobile Mini worth $60,890,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in WillScot Mobile Mini in the fourth quarter valued at about $97,734,000. Franklin Resources Inc. raised its stake in shares of WillScot Mobile Mini by 34.4% during the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock worth $345,020,000 after buying an additional 2,639,559 shares in the last quarter. Van Berkom & Associates Inc. acquired a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at approximately $58,855,000. Brown Brothers Harriman & Co. boosted its stake in shares of WillScot Mobile Mini by 182,738.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 837,400 shares of the company's stock valued at $28,011,000 after buying an additional 836,942 shares in the last quarter. Finally, Douglas Lane & Associates LLC grew its holdings in WillScot Mobile Mini by 379.1% during the fourth quarter. Douglas Lane & Associates LLC now owns 997,693 shares of the company's stock worth $33,373,000 after acquiring an additional 789,445 shares during the period. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at WillScot Mobile Mini

In related news, 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 transaction, the director now directly owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. The trade was a 14.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Timothy D. Boswell acquired 5,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $29.14 per share, for a total transaction of $145,700.00. Following 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 disclosure for this purchase can be found here. Company insiders own 3.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on WSC. Robert W. Baird reduced their target price 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. Morgan Stanley decreased their price objective on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating on the stock in a report on Wednesday. Oppenheimer decreased their price target on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Finally, Barclays lowered their price target on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.50.

WillScot Mobile Mini Trading Up 0.5 %

Shares of WSC traded up $0.11 on Friday, hitting $23.32. 2,962,898 shares of the stock traded hands, compared to its average volume of 2,739,206. The stock's 50 day moving average is $30.12 and its two-hundred day moving average is $34.34. 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 firm has a market capitalization of $4.28 billion, a P/E ratio of 155.48, a P/E/G ratio of 2.18 and a beta of 1.25. WillScot Mobile Mini Holdings Corp. has a 1 year low of $21.91 and a 1 year high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating 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 business had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. As a group, sell-side analysts predict 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. Stockholders of record on Wednesday, March 5th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is presently 186.67%.

About WillScot Mobile Mini

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.