Janus Henderson Group PLC Decreases Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Janus Henderson Group PLC lowered its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 143,711 shares of the company’s stock after selling 3,464 shares during the quarter. Janus Henderson Group PLC’s holdings in WillScot Mobile Mini were worth $4,808,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Graham Capital Management L.P. purchased a new stake in WillScot Mobile Mini in the 4th quarter worth approximately $285,000. Clearline Capital LP raised its holdings in shares of WillScot Mobile Mini by 153.9% during the fourth quarter. Clearline Capital LP now owns 317,524 shares of the company’s stock valued at $10,621,000 after acquiring an additional 192,473 shares in the last quarter. Coliseum Capital Management LLC lifted its stake in WillScot Mobile Mini by 46.9% in the fourth quarter. Coliseum Capital Management LLC now owns 2,024,100 shares of the company’s stock worth $67,706,000 after acquiring an additional 646,232 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in WillScot Mobile Mini by 1,246.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,229,196 shares of the company’s stock valued at $41,117,000 after acquiring an additional 1,137,890 shares in the last quarter. Finally, DC Investments Management LLC increased its position in WillScot Mobile Mini by 40.7% during the 4th quarter. DC Investments Management LLC now owns 113,530 shares of the company’s stock valued at $3,798,000 after purchasing an additional 32,827 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on WSC shares. Morgan Stanley upped their price objective on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, May 12th. 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 note on Monday, March 10th. Oppenheimer lowered their price objective on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Finally, Barclays reduced their target price 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. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, WillScot Mobile Mini currently has an average rating of “Moderate Buy” and an average target price of $40.63.

Insider Buying and Selling at WillScot Mobile Mini

In related news, Director Erik Olsson sold 110,307 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 626,306 shares of the company’s stock, valued at $18,908,178.14. This trade represents a 14.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $26.79 per share, with a total value of $267,900.00. Following the completion of the acquisition, 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 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 Stock Up 1.3%

Shares of WillScot Mobile Mini stock opened at $29.94 on Monday. WillScot Mobile Mini Holdings Corp. has a 1 year low of $21.91 and a 1 year high of $43.80. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 199.61, a PEG ratio of 2.18 and a beta of 1.28. The company has a 50-day moving average of $26.83 and a 200 day moving average of $32.69. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $559.55 million during the quarter, compared to analysts’ expectations of $555.51 million. During the same quarter last year, the company posted $0.29 EPS. WillScot Mobile Mini’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

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 0.94%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini’s dividend payout ratio (DPR) is presently 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.