WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Purchased by Capital International Investors

Capital International Investors lifted its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,307,738 shares of the company's stock after purchasing an additional 897,184 shares during the quarter. Capital International Investors owned 2.87% of WillScot Mobile Mini worth $177,544,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WSC. Norges Bank purchased a new stake in WillScot Mobile Mini during the 4th quarter valued at $97,734,000. Franklin Resources Inc. boosted its stake in shares of WillScot Mobile Mini by 34.4% during the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock worth $345,020,000 after purchasing an additional 2,639,559 shares during the period. Van Berkom & Associates Inc. purchased a new stake in WillScot Mobile Mini in the 4th quarter worth about $58,855,000. Invesco Ltd. grew its stake in shares of WillScot Mobile Mini by 747.1% during the fourth 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. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of WillScot Mobile Mini by 182,738.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 837,400 shares of the company's stock worth $28,011,000 after buying an additional 836,942 shares during the period. Institutional investors own 95.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on WSC. Barclays cut their price objective on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Morgan Stanley dropped their price target on WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Robert W. Baird decreased their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Finally, Oppenheimer dropped their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, WillScot Mobile Mini currently has an average rating of "Moderate Buy" and a consensus price target of $40.50.

Insider Transactions at WillScot Mobile Mini

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

WillScot Mobile Mini Stock Up 3.7 %

Shares of WSC stock traded up $0.84 during mid-day trading on Wednesday, hitting $23.35. 2,617,289 shares of the stock traded hands, compared to its average volume of 2,728,640. WillScot Mobile Mini Holdings Corp. has a 52-week low of $21.91 and a 52-week high of $43.80. The stock's fifty day moving average is $29.23 and its two-hundred day moving average is $34.01. 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 stock has a market cap of $4.29 billion, a P/E ratio of 155.68, a P/E/G ratio of 2.18 and a beta of 1.25.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate 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. Equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The company also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Stockholders 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 is presently 186.67%.

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.