Raymond James Financial Inc. Takes $8.29 Million Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Raymond James Financial Inc. bought a new position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 247,939 shares of the company's stock, valued at approximately $8,294,000. Raymond James Financial Inc. owned approximately 0.13% of WillScot Mobile Mini at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Jones Financial Companies Lllp raised its position in shares of 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. First Horizon Advisors Inc. grew its stake in WillScot Mobile Mini by 16.4% in the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company's stock valued at $80,000 after purchasing an additional 302 shares during the last quarter. FourThought Financial Partners LLC bought a new position in WillScot Mobile Mini in the fourth quarter worth about $216,000. Stephens Inc. AR lifted its position in shares of WillScot Mobile Mini by 23.0% during the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock valued at $219,000 after buying an additional 1,222 shares during the last quarter. Finally, Avanza Fonder AB bought a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at about $224,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Price Performance

WSC traded down $0.72 during trading on Wednesday, reaching $29.15. The company's stock had a trading volume of 2,306,737 shares, compared to its average volume of 2,583,361. 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 fifty day simple moving average of $34.51 and a two-hundred day simple moving average of $36.03. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 194.35, a PEG 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 $46.75.

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WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued 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 business had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. As a group, analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The business also recently disclosed 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 of this dividend was Wednesday, March 5th. WillScot Mobile Mini's payout ratio is currently 186.67%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WSC. Robert W. Baird reduced 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. Morgan Stanley upgraded shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Finally, Oppenheimer cut their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $42.67.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, COO Timothy D. Boswell purchased 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the acquisition, the chief operating officer now directly owns 34,156 shares of the company's stock, valued at $995,305.84. This trade represents a 17.15 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the firm'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 sale, the director now directly owns 626,306 shares in the company, valued at approximately $18,908,178.14. The trade was a 14.97 % decrease in their position. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by company insiders.

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.