Bank of New York Mellon Corp Acquires 18,087 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Bank of New York Mellon Corp boosted its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 716,006 shares of the company’s stock after acquiring an additional 18,087 shares during the quarter. Bank of New York Mellon Corp’s holdings in WillScot Mobile Mini were worth $23,950,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Impax Asset Management Group plc purchased a new stake in WillScot Mobile Mini during the fourth quarter valued at $7,192,000. Skylands Capital LLC increased its position in WillScot Mobile Mini by 33.4% during the fourth quarter. Skylands Capital LLC now owns 137,750 shares of the company’s stock valued at $4,608,000 after acquiring an additional 34,475 shares during the last quarter. TCW Group Inc. increased its position in 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 during the last quarter. Van Berkom & Associates Inc. purchased a new stake in WillScot Mobile Mini during the fourth quarter valued at $58,855,000. Finally, Handelsbanken Fonder AB increased its position in WillScot Mobile Mini by 18.7% during the fourth quarter. Handelsbanken Fonder AB now owns 45,773 shares of the company’s stock valued at $1,531,000 after acquiring an additional 7,200 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Transactions at WillScot Mobile Mini

In other news, insider Graeme Parkes sold 2,900 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the completion of the transaction, the insider now owns 72,818 shares of the company’s stock, valued at $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

Separately, Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $40.00 to $50.00 in a research 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.22.

WillScot Mobile Mini Stock Performance

Shares of 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. The business has a 50-day simple moving average of $35.49 and a two-hundred day simple moving average of $36.70. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 187.15, a PEG ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini Holdings Corp. has a 52 week low of $27.58 and a 52 week high of $47.18.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $602.52 million during the quarter, compared to analyst estimates of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. On average, analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

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

WillScot Mobile Mini Company 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.