Madison Investment Advisors LLC Invests $6.34 Million in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Madison Investment Advisors LLC purchased a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 189,619 shares of the company's stock, valued at approximately $6,343,000. Madison Investment Advisors LLC owned 0.10% of WillScot Mobile Mini as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in shares of WillScot Mobile Mini by 2.3% during the third quarter. State Street Corp now owns 3,346,779 shares of the company's stock valued at $125,839,000 after buying an additional 74,212 shares during the period. Swedbank AB increased its position in WillScot Mobile Mini by 3.0% during the 4th quarter. Swedbank AB now owns 3,324,000 shares of the company's stock valued at $111,188,000 after purchasing an additional 98,000 shares during the period. Van Berkom & Associates Inc. purchased a new position in WillScot Mobile Mini during the 4th quarter valued at $58,855,000. River Road Asset Management LLC raised its holdings in WillScot Mobile Mini by 14.7% in the 4th quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock worth $54,081,000 after purchasing an additional 206,962 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of WillScot Mobile Mini by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,568,835 shares of the company's stock worth $52,478,000 after purchasing an additional 35,665 shares during the period. Institutional investors own 95.81% of the company's stock.

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Insider Activity

In other news, COO Timothy D. Boswell purchased 5,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost 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 in the company, valued at approximately $995,305.84. This represents a 17.15 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.30% of the stock is owned by corporate insiders.

WillScot Mobile Mini Stock Down 2.2 %

NASDAQ WSC traded down $0.67 during mid-day trading on Tuesday, reaching $29.95. The stock had a trading volume of 3,470,819 shares, compared to its average volume of 2,434,270. The stock has a market cap of $5.50 billion, a PE ratio of 199.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini Holdings Corp. has a 1 year low of $27.58 and a 1 year high of $47.18. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The company has a fifty day moving average price of $35.03 and a 200 day moving average price of $36.33.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $606.55 million. On average, research analysts expect 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 declared a -- dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini's payout ratio is presently 186.67%.

Wall Street Analysts Forecast Growth

WSC has been the subject of a number of research reports. Oppenheimer decreased their price target on shares of 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. Robert W. Baird decreased their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Finally, Morgan Stanley upgraded WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, WillScot Mobile Mini presently has an average rating of "Moderate Buy" and an average target price of $42.67.

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.