Natixis Advisors LLC Lowers Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Natixis Advisors LLC lowered its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 37.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 201,862 shares of the company's stock after selling 123,344 shares during the quarter. Natixis Advisors LLC owned approximately 0.11% of WillScot Mobile Mini worth $6,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Impax Asset Management Group plc purchased a new stake in WillScot Mobile Mini in the fourth quarter worth about $7,192,000. New York Life Investment Management LLC bought a new position in shares of WillScot Mobile Mini during the 4th quarter valued at approximately $679,000. Geneva Capital Management LLC bought a new stake in WillScot Mobile Mini during the 4th quarter worth approximately $23,194,000. River Road Asset Management LLC lifted its holdings in WillScot Mobile Mini by 14.7% during the fourth quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock valued at $54,081,000 after purchasing an additional 206,962 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC boosted its position in shares of WillScot Mobile Mini by 32.4% in the third quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company's stock worth $6,209,000 after purchasing an additional 40,393 shares during the period. Institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Price Performance

NASDAQ WSC traded down $0.73 during trading on Tuesday, hitting $29.87. 2,361,728 shares of the stock traded hands, compared to its average volume of 2,578,137. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 12-month low of $27.58 and a 12-month high of $46.75. The firm has a 50-day simple moving average of $34.61 and a 200-day simple moving average of $36.07. The company has a market capitalization of $5.48 billion, a P/E ratio of 199.15, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45.

Remove Ads

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

WillScot Mobile Mini Dividend Announcement

The business also recently declared a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is currently 186.67%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley upgraded shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Oppenheimer lowered their price objective 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. Finally, Robert W. Baird cut their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, WillScot Mobile Mini presently has an average rating of "Moderate Buy" and an average target price of $42.67.

About WillScot Mobile Mini

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.