WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Stock Position Raised by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 34.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,314,494 shares of the company's stock after acquiring an additional 2,639,559 shares during the quarter. Franklin Resources Inc. owned approximately 5.58% of WillScot Mobile Mini worth $345,020,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of WillScot Mobile Mini during the fourth quarter worth about $97,734,000. Van Berkom & Associates Inc. bought a new position in WillScot Mobile Mini in the 4th quarter worth about $58,855,000. Brown Brothers Harriman & Co. grew its position in WillScot Mobile Mini by 182,738.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 837,400 shares of the company's stock worth $28,011,000 after purchasing an additional 836,942 shares during the last quarter. Douglas Lane & Associates LLC increased its stake in shares of WillScot Mobile Mini by 379.1% in the fourth quarter. Douglas Lane & Associates LLC now owns 997,693 shares of the company's stock valued at $33,373,000 after purchasing an additional 789,445 shares during the period. Finally, Geneva Capital Management LLC bought a new stake in shares of WillScot Mobile Mini during the fourth quarter valued at approximately $23,194,000. Institutional investors own 95.81% of the company's stock.

Insiders Place Their Bets

In other news, COO Timothy D. Boswell bought 5,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the completion of 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 filing with the SEC, which is available at this hyperlink. Also, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini 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 completion of the transaction, the director now directly owns 626,306 shares in the company, valued at approximately $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. 3.30% of the stock is currently owned by company insiders.

WillScot Mobile Mini Trading Down 1.2 %

Shares of WillScot Mobile Mini stock opened at $27.80 on Tuesday. The business has a fifty day simple moving average of $33.88 and a 200-day simple moving average of $35.76. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 185.35, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $26.91 and a fifty-two week high of $45.55. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

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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, beating analysts' consensus estimates of $0.48 by $0.01. The company had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. On average, equities analysts forecast 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 announced a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini's payout ratio is 186.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WSC shares. Oppenheimer decreased their price objective on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Robert W. Baird decreased their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Finally, Morgan Stanley raised WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $42.67.

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.

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