KLP Kapitalforvaltning AS Invests $1.29 Million in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

KLP Kapitalforvaltning AS acquired a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 38,570 shares of the company’s stock, valued at approximately $1,290,000.

Several other hedge funds also recently bought and sold shares of WSC. Impax Asset Management Group plc purchased a new stake in shares of WillScot Mobile Mini during the fourth quarter valued at $7,192,000. New York Life Investment Management LLC purchased a new stake in WillScot Mobile Mini in the 4th quarter valued at about $679,000. Geneva Capital Management LLC bought a new position in WillScot Mobile Mini in the 4th quarter worth about $23,194,000. River Road Asset Management LLC increased its position in shares of 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 worth $54,081,000 after acquiring an additional 206,962 shares during the period. Finally, TCW Group Inc. raised its stake in shares of WillScot Mobile Mini by 20.1% during the fourth quarter. TCW Group Inc. now owns 46,436 shares of the company’s stock valued at $1,553,000 after acquiring an additional 7,763 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Down 4.0 %

Shares of NASDAQ WSC opened at $28.15 on Friday. The business has a fifty day moving average price of $34.05 and a 200 day moving average price of $35.86. WillScot Mobile Mini Holdings Corp. has a 1-year low of $27.58 and a 1-year high of $45.55. 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 capitalization of $5.17 billion, a P/E ratio of 187.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45.

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 analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $602.52 million for the quarter, compared to analysts’ expectations of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. Equities research analysts expect 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 disclosed a — dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is presently 186.67%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WSC. Robert W. Baird dropped their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Finally, Oppenheimer cut their price target on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.67.

Insider Buying and Selling

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

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.