KLP Kapitalforvaltning AS Acquires Shares of 38,570 WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

KLP Kapitalforvaltning AS bought a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 38,570 shares of the company's stock, valued at approximately $1,290,000.

Several other institutional investors have also recently made changes to their positions in WSC. Van Berkom & Associates Inc. purchased a new position in WillScot Mobile Mini during the fourth quarter valued at $58,855,000. Douglas Lane & Associates LLC boosted its stake 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 in the last quarter. Geneva Capital Management LLC purchased a new stake in WillScot Mobile Mini in the fourth quarter worth about $23,194,000. William Blair Investment Management LLC increased its stake in shares of WillScot Mobile Mini by 13.6% during the fourth quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company's stock valued at $185,831,000 after purchasing an additional 664,805 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of WillScot Mobile Mini during the third quarter valued at approximately $20,773,000. Institutional investors own 95.81% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WSC shares. Oppenheimer reduced 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. Robert W. Baird reduced 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. Finally, Morgan Stanley upgraded shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $40.00 to $50.00 in a research note 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $42.75.

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WillScot Mobile Mini Stock Performance

Shares of NASDAQ WSC traded down $3.29 during midday trading on Thursday, hitting $25.70. 3,732,937 shares of the stock traded hands, compared to its average volume of 2,638,007. 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 Holdings Corp. has a one year low of $25.69 and a one year high of $45.02. The firm has a market capitalization of $4.72 billion, a P/E ratio of 171.34, a PEG ratio of 2.18 and a beta of 1.25. The firm has a 50-day moving average of $33.18 and a two-hundred day moving average of $35.57.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating 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 return on equity of 24.67% and a net margin of 1.17%. On average, equities analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Wednesday, March 19th. Stockholders 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 dividend payout ratio is presently 186.67%.

Insider Activity

In other news, COO Timothy D. Boswell bought 5,000 shares of the firm's stock in a transaction 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 purchase, the chief operating officer now owns 34,156 shares in the company, valued at approximately $995,305.84. The trade was a 17.15 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction that occurred on Tuesday, March 18th. The shares were 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 in the company, valued at $18,908,178.14. This 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 Company 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.