FourThought Financial Partners LLC Purchases Shares of 6,466 WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

FourThought Financial Partners LLC purchased a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the 4th quarter, HoldingsChannel reports. The fund purchased 6,466 shares of the company’s stock, valued at approximately $216,000.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC lifted its stake in WillScot Mobile Mini by 3,631.0% in the third quarter. International Assets Investment Management LLC now owns 24,177 shares of the company’s stock valued at $909,000 after buying an additional 23,529 shares during the last quarter. Stephens Inc. AR bought a new stake in WillScot Mobile Mini during the third quarter worth approximately $200,000. Cambiar Investors LLC purchased a new position in WillScot Mobile Mini in the 3rd quarter worth about $11,221,000. Harbor Capital Advisors Inc. raised its stake in WillScot Mobile Mini by 64.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 80,903 shares of the company’s stock valued at $3,042,000 after purchasing an additional 31,557 shares during the period. Finally, Empire Life Investments Inc. grew its stake in WillScot Mobile Mini by 50.8% during the 3rd quarter. Empire Life Investments Inc. now owns 547,751 shares of the company’s stock valued at $20,595,000 after acquiring an additional 184,577 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ:WSC opened at $34.00 on Thursday. The stock has a market capitalization of $6.28 billion, a P/E ratio of 226.68, a P/E/G ratio of 2.18 and a beta of 1.41. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 1-year low of $32.57 and a 1-year high of $48.52. The business has a 50-day moving average price of $35.89 and a two-hundred day moving average price of $36.94.

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

WillScot Mobile Mini Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Robert W. Baird reduced 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. Barclays reduced their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Finally, Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price objective 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.22.

Insider Activity

In related news, insider Graeme Parkes sold 2,900 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 72,818 shares in the company, 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 SEC, which is available through the SEC website. 3.30% of the stock is owned by corporate insiders.

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.