Bank of New York Mellon Corp Increases Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Bank of New York Mellon Corp boosted its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 716,006 shares of the company’s stock after purchasing an additional 18,087 shares during the period. Bank of New York Mellon Corp owned about 0.39% of WillScot Mobile Mini worth $23,950,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Swedbank AB increased its stake in shares of WillScot Mobile Mini by 229.2% during the third quarter. Swedbank AB now owns 3,226,000 shares of the company’s stock valued at $121,298,000 after buying an additional 2,246,000 shares during the period. Van Berkom & Associates Inc. purchased a new position in shares of WillScot Mobile Mini during the fourth quarter valued at approximately $58,855,000. Douglas Lane & Associates LLC increased its stake in shares of WillScot Mobile Mini by 379.1% during the fourth quarter. Douglas Lane & Associates LLC now owns 997,693 shares of the company’s stock valued at $33,373,000 after buying an additional 789,445 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of WillScot Mobile Mini during the third quarter valued at approximately $20,773,000. Finally, Fisher Asset Management LLC increased its stake in shares of WillScot Mobile Mini by 58.3% during the third quarter. Fisher Asset Management LLC now owns 1,043,055 shares of the company’s stock valued at $39,219,000 after buying an additional 384,270 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five 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, WillScot Mobile Mini currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.22.

WillScot Mobile Mini Trading Down 5.5 %

NASDAQ WSC opened at $28.07 on Monday. 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 twelve month low of $27.58 and a twelve month high of $47.18. The firm has a market capitalization of $5.15 billion, a PE ratio of 187.15, a P/E/G ratio of 2.18 and a beta of 1.45. The stock’s 50 day moving average is $35.49 and its 200 day moving average is $36.70.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating 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 company had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. Research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The business also recently announced a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio (DPR) is 186.67%.

Insiders Place Their Bets

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the sale, the insider now directly owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.30% of the company’s stock.

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.