K.J. Harrison & Partners Inc Buys Shares of 16,000 WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

K.J. Harrison & Partners Inc purchased a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,000 shares of the company’s stock, valued at approximately $533,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its stake in WillScot Mobile Mini by 2.3% during the third quarter. State Street Corp now owns 3,346,779 shares of the company’s stock valued at $125,839,000 after buying an additional 74,212 shares during the period. Swedbank AB boosted its position in shares of WillScot Mobile Mini by 3.0% during the 4th quarter. Swedbank AB now owns 3,324,000 shares of the company’s stock valued at $111,188,000 after acquiring an additional 98,000 shares during the last quarter. Van Berkom & Associates Inc. purchased a new position in shares of WillScot Mobile Mini during the fourth quarter worth about $58,855,000. Charles Schwab Investment Management Inc. increased its position in shares of WillScot Mobile Mini by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,533,170 shares of the company’s stock worth $57,647,000 after purchasing an additional 43,747 shares during the last quarter. Finally, River Road Asset Management LLC raised its stake in WillScot Mobile Mini by 4.7% in the third quarter. River Road Asset Management LLC now owns 1,409,803 shares of the company’s stock valued at $53,009,000 after purchasing an additional 63,752 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock opened at $32.86 on Friday. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 219.08, a PEG ratio of 2.18 and a beta of 1.41. The stock’s 50 day simple moving average is $35.89 and its two-hundred day simple moving average is $36.91. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $32.57 and a fifty-two week high of $48.52. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm 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%. As a group, 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 firm also recently announced a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 5th. WillScot Mobile Mini’s payout ratio is 186.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WSC shares. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price objective for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Barclays decreased their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Finally, Robert W. Baird cut their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.22.

Insider Activity

In other news, insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini 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. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.30% of the company’s stock.

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.