Norges Bank Acquires Shares of 2,921,789 WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Norges Bank bought a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,921,789 shares of the company's stock, valued at approximately $97,734,000. Norges Bank owned 1.58% of WillScot Mobile Mini as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in WillScot Mobile Mini by 93.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after acquiring an additional 1,113 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in shares of WillScot Mobile Mini in the 4th quarter valued at about $216,000. Stephens Inc. AR lifted its position in shares of WillScot Mobile Mini by 23.0% in the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock worth $219,000 after purchasing an additional 1,222 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of WillScot Mobile Mini during the fourth quarter worth approximately $224,000. Finally, Avantax Advisory Services Inc. purchased a new position in WillScot Mobile Mini during the fourth quarter valued at approximately $232,000. Hedge funds and other institutional investors own 95.81% of the company's stock.

Insiders Place Their Bets

In related news, COO Timothy D. Boswell purchased 5,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Erik Olsson sold 110,307 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $18,908,178.14. This represents a 14.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.30% of the company's stock.

Remove Ads

WillScot Mobile Mini Stock Down 8.1 %

Shares of NASDAQ:WSC traded down $2.07 on Friday, reaching $23.63. The company had a trading volume of 6,503,100 shares, compared to its average volume of 2,661,133. 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 stock has a market capitalization of $4.34 billion, a P/E ratio of 157.54, a P/E/G ratio of 2.18 and a beta of 1.25. The stock has a 50-day moving average price of $32.88 and a 200 day moving average price of $35.40. WillScot Mobile Mini Holdings Corp. has a twelve month low of $21.91 and a twelve month high of $44.50.

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 (EPS) for the quarter, topping 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 firm had revenue of $602.52 million during the quarter, compared to analysts' expectations of $606.55 million. On average, equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on WSC. Oppenheimer decreased their target price 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. Barclays reduced their price objective on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday. Robert W. Baird dropped their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock 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 report 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.00.

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.