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

Raymond James Financial Inc. acquired a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 247,939 shares of the company's stock, valued at approximately $8,294,000. Raymond James Financial Inc. owned about 0.13% of WillScot Mobile Mini at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Maren Capital LLC grew its holdings in WillScot Mobile Mini by 74.7% during the fourth quarter. Maren Capital LLC now owns 462,674 shares of the company's stock valued at $15,476,000 after purchasing an additional 197,843 shares during the last quarter. Invesco Ltd. grew its stake in WillScot Mobile Mini by 747.1% in the 4th quarter. Invesco Ltd. now owns 1,820,316 shares of the company's stock valued at $60,890,000 after buying an additional 1,605,436 shares during the last quarter. Central Securities Corp bought a new position in WillScot Mobile Mini in the 4th quarter worth $7,526,000. FMR LLC lifted its position in WillScot Mobile Mini by 12.0% during the 4th quarter. FMR LLC now owns 5,554,101 shares of the company's stock worth $185,785,000 after acquiring an additional 595,063 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in WillScot Mobile Mini by 12.4% during the fourth quarter. Russell Investments Group Ltd. now owns 99,442 shares of the company's stock valued at $3,326,000 after acquiring an additional 10,945 shares during the period. Hedge funds and other institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Stock Performance

WSC opened at $22.51 on Wednesday. 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 market capitalization of $4.13 billion, a price-to-earnings ratio of 150.08, a P/E/G ratio of 2.18 and a beta of 1.25. The business's 50-day moving average price is $29.23 and its two-hundred day moving average price is $34.01. WillScot Mobile Mini Holdings Corp. has a 1 year low of $21.91 and a 1 year high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The business had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. Equities analysts expect 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. Shareholders of record on Wednesday, March 5th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio (DPR) is presently 186.67%.

Insider Buying and Selling at WillScot Mobile Mini

In other news, COO Timothy D. Boswell acquired 5,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $29.14 per share, with a total value 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Erik Olsson sold 110,307 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 626,306 shares in the company, valued at approximately $18,908,178.14. This represents a 14.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company's stock.

Analyst Upgrades and Downgrades

WSC has been the topic of a number of research analyst reports. Robert W. Baird lowered their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Oppenheimer lowered their price objective on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Morgan Stanley reduced their price target on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Barclays dropped their price objective on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $40.50.

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.

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