Nomura Asset Management Co. Ltd. Has $12.05 Million Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 16,513.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 360,353 shares of the company's stock after buying an additional 358,184 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.20% of WillScot Mobile Mini worth $12,054,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in WillScot Mobile Mini by 9.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 47,437 shares of the company's stock worth $1,784,000 after buying an additional 4,140 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of WillScot Mobile Mini by 5.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,376 shares of the company's stock worth $1,631,000 after acquiring an additional 2,340 shares in the last quarter. Verition Fund Management LLC boosted its position in WillScot Mobile Mini by 56.4% during the third quarter. Verition Fund Management LLC now owns 82,502 shares of the company's stock valued at $3,102,000 after purchasing an additional 29,764 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in WillScot Mobile Mini in the third quarter valued at about $1,056,000. Finally, Clearline Capital LP increased its position in WillScot Mobile Mini by 5.3% in the 3rd quarter. Clearline Capital LP now owns 125,051 shares of the company's stock worth $4,702,000 after purchasing an additional 6,328 shares during the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

WSC has been the topic of a number of research reports. Oppenheimer dropped their price objective on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Robert W. Baird decreased their target price on shares of 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 shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, WillScot Mobile Mini presently has an average rating of "Moderate Buy" and an average price target of $42.67.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, Director Erik Olsson sold 110,307 shares of the company'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 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 $18,908,178.14. This represents a 14.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Timothy D. Boswell acquired 5,000 shares of the firm'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 acquisition, the chief operating officer now directly owns 34,156 shares in the company, valued at $995,305.84. This represents a 17.15 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.30% of the company's stock.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock traded down $0.32 on Tuesday, reaching $27.48. 3,015,519 shares of the stock were exchanged, compared to its average volume of 2,626,870. The stock has a market cap of $5.04 billion, a PE ratio of 183.21, a PEG ratio of 2.18 and a beta of 1.45. The firm has a fifty day moving average price of $33.88 and a two-hundred day moving average price of $35.76. WillScot Mobile Mini Holdings Corp. has a twelve month low of $26.91 and a twelve month high of $45.41. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm 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%. Sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The business also recently announced a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini's payout ratio is currently 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.