Northern Trust Corp Raises Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Northern Trust Corp lifted its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,146,903 shares of the company’s stock after acquiring an additional 96,589 shares during the period. Northern Trust Corp owned 0.62% of WillScot Mobile Mini worth $38,364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of WSC. Melqart Asset Management UK Ltd grew its holdings in shares of WillScot Mobile Mini by 1.7% during the 4th quarter. Melqart Asset Management UK Ltd now owns 322,784 shares of the company’s stock worth $10,797,000 after purchasing an additional 5,249 shares during the period. Aquatic Capital Management LLC purchased a new position in WillScot Mobile Mini during the fourth quarter worth about $3,104,000. Gilder Gagnon Howe & Co. LLC increased its holdings in WillScot Mobile Mini by 0.3% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 344,914 shares of the company’s stock valued at $11,537,000 after purchasing an additional 1,070 shares during the last quarter. Altrinsic Global Advisors LLC purchased a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at $4,375,000. Finally, Dark Forest Capital Management LP purchased a new stake in WillScot Mobile Mini during the fourth quarter worth about $797,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Activity

In related news, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total value of $3,330,168.33. Following the transaction, the director now directly owns 626,306 shares in the company, valued at $18,908,178.14. This trade represents a 14.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $26.79 per share, with a total value of $267,900.00. Following the transaction, the chief executive officer now owns 128,817 shares in the company, valued at $3,451,007.43. The trade was a 8.42 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WSC shares. Robert W. Baird decreased their price target on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Barclays cut their price target on 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. Oppenheimer lowered their price objective on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Finally, Morgan Stanley reduced their target price on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

WillScot Mobile Mini Trading Down 2.8 %

Shares of WillScot Mobile Mini stock opened at $26.93 on Friday. The company has a fifty day simple moving average of $26.80 and a 200-day simple moving average of $33.04. WillScot Mobile Mini Holdings Corp. has a 12-month low of $21.91 and a 12-month high of $43.80. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 179.55, a PEG ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data 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). WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm had revenue of $559.55 million for the quarter, compared to analysts’ expectations of $555.51 million. During the same period in the previous year, the business posted $0.29 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini’s payout ratio is currently 311.11%.

About WillScot Mobile Mini

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.