Rhumbline Advisers Purchases 237,256 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Rhumbline Advisers boosted its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 125.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 427,041 shares of the company’s stock after acquiring an additional 237,256 shares during the quarter. Rhumbline Advisers’ holdings in WillScot Mobile Mini were worth $11,872,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in WSC. State of Wyoming bought a new position in shares of WillScot Mobile Mini during the fourth quarter valued at approximately $34,000. Jones Financial Companies Lllp grew its stake in shares of WillScot Mobile Mini by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock valued at $77,000 after buying an additional 1,113 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in WillScot Mobile Mini in the 4th quarter valued at $154,000. Headlands Technologies LLC bought a new position in WillScot Mobile Mini in the 4th quarter valued at $174,000. Finally, FourThought Financial Partners LLC bought a new position in WillScot Mobile Mini in the 4th quarter valued at $216,000. 95.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WSC has been the topic of several research analyst reports. Oppenheimer cut 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. Barclays cut their price target on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, April 4th. Morgan Stanley upped their target price on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, May 12th. William Blair restated a “market perform” rating on shares of WillScot Mobile Mini in a research note on Thursday, May 29th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $40.63.

WillScot Mobile Mini Stock Up 0.2%

Shares of WillScot Mobile Mini stock opened at $28.29 on Tuesday. 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 firm’s 50-day moving average is $26.27 and its two-hundred day moving average is $31.67. WillScot Mobile Mini Holdings Corp. has a 1 year low of $21.91 and a 1 year high of $43.80. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 188.61, a PEG ratio of 2.18 and a beta of 1.25.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.04). The company had revenue of $559.55 million for the quarter, compared to the consensus estimate of $555.51 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. As a group, research analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini’s payout ratio is currently 311.11%.

Insider Activity

In other WillScot Mobile Mini news, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction dated 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 sale, the director now owns 626,306 shares of the company’s stock, valued at approximately $18,908,178.14. The trade was a 14.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Timothy D. Boswell bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $29.14 per share, with a total value of $145,700.00. Following the acquisition, the chief operating officer now directly owns 34,156 shares of the company’s stock, valued at approximately $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. Company 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.