Empire Life Investments Inc. boosted its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 567,104 shares of the company's stock after purchasing an additional 19,353 shares during the quarter. Empire Life Investments Inc. owned about 0.31% of WillScot Mobile Mini worth $18,970,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Compound Global Advisors LLC bought a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at about $736,000. Carnegie Lake Advisors LLC raised its stake in WillScot Mobile Mini by 0.5% in the fourth quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company's stock valued at $1,826,000 after purchasing an additional 280 shares in the last quarter. Equitable Trust Co. acquired a new position in WillScot Mobile Mini in the fourth quarter valued at about $295,000. Stephens Inc. AR raised its stake in WillScot Mobile Mini by 23.0% in the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock valued at $219,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Lecap Asset Management Ltd. raised its stake in WillScot Mobile Mini by 9.9% in the fourth quarter. Lecap Asset Management Ltd. now owns 15,960 shares of the company's stock valued at $534,000 after purchasing an additional 1,443 shares in the last quarter. 95.81% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Morgan Stanley raised WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Robert W. Baird lowered their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Barclays lowered their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a "buy" rating to a "hold" rating and lowered their target price for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. Finally, Baird R W cut WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $45.50.
Read Our Latest Stock Report on WillScot Mobile Mini
Insider Activity at WillScot Mobile Mini
In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the transaction, the insider now directly owns 72,818 shares in the company, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.30% of the stock is currently owned by company insiders.
WillScot Mobile Mini Trading Up 1.4 %
WSC stock traded up $0.54 during trading on Wednesday, hitting $39.05. The company had a trading volume of 2,326,627 shares, compared to its average volume of 2,118,557. The business has a 50-day moving average of $35.91 and a 200-day moving average of $36.91. WillScot Mobile Mini Holdings Corp. has a one year low of $32.57 and a one year high of $50.57. The stock has a market cap of $7.21 billion, a PE ratio of 355.03, a PEG ratio of 1.98 and a beta of 1.41. 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 Announces Dividend
The business also recently announced a -- dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. WillScot Mobile Mini's payout ratio is presently 254.57%.
About WillScot Mobile Mini
(
Free Report)
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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