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 position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the 4th quarter, Holdings Channel reports. The firm purchased 16,000 shares of the company’s stock, valued at approximately $533,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New York Life Investment Management LLC bought a new stake in shares of WillScot Mobile Mini in the fourth quarter worth $679,000. FourThought Financial Partners LLC purchased a new position in shares of WillScot Mobile Mini during the 4th quarter valued at about $216,000. Bank of New York Mellon Corp lifted its holdings in WillScot Mobile Mini by 2.6% during the fourth quarter. Bank of New York Mellon Corp now owns 716,006 shares of the company’s stock valued at $23,950,000 after purchasing an additional 18,087 shares in the last quarter. Impax Asset Management Group plc bought a new position in shares of WillScot Mobile Mini in the fourth quarter worth approximately $7,192,000. Finally, Skylands Capital LLC increased its stake in shares of WillScot Mobile Mini by 33.4% in the fourth quarter. Skylands Capital LLC now owns 137,750 shares of the company’s stock worth $4,608,000 after purchasing an additional 34,475 shares in the last quarter. 95.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WSC has been the topic of a number of analyst reports. Barclays lowered their target price 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. Robert W. Baird lowered their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their target price for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Finally, Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.22.

Insider Activity

In related 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 in the company, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Price Performance

Shares of WillScot Mobile Mini stock opened at $32.86 on Friday. The firm has a market cap of $6.07 billion, a PE ratio of 219.08, a PEG ratio of 2.18 and a beta of 1.41. The stock has a 50 day moving average of $35.89 and a 200 day moving average of $36.91. 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 12 month low of $32.57 and a 12 month high of $48.52.

WillScot Mobile Mini (NASDAQ:WSC) last posted 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. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. On average, research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS 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 $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio (DPR) is presently 186.67%.

WillScot Mobile Mini 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.