Impax Asset Management Group plc Takes Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Impax Asset Management Group plc purchased a new position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) during the 4th quarter, HoldingsChannel reports. The firm purchased 215,000 shares of the company’s stock, valued at approximately $7,192,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in WillScot Mobile Mini by 9.3% during the 3rd quarter. Raymond James & Associates now owns 274,026 shares of the company’s stock valued at $10,303,000 after purchasing an additional 23,202 shares during the period. International Assets Investment Management LLC raised its holdings in shares of WillScot Mobile Mini by 3,631.0% during 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. Financial Management Professionals Inc. acquired a new position in shares of WillScot Mobile Mini during the third quarter worth approximately $36,000. Stephens Inc. AR bought a new position in WillScot Mobile Mini in the 3rd quarter worth approximately $200,000. Finally, Cambiar Investors LLC acquired a new stake in WillScot Mobile Mini in the 3rd quarter valued at approximately $11,221,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the completion of the sale, the insider now directly owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 $34.27 on Tuesday. WillScot Mobile Mini Holdings Corp. has a 52 week low of $32.57 and a 52 week high of $48.52. 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 $6.33 billion, a PE ratio of 228.48, a price-to-earnings-growth ratio of 2.18 and a beta of 1.41. The company’s 50-day moving average price is $35.97 and its two-hundred day moving average price is $36.97.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $602.52 million for the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The business 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 (DPR) is presently 186.67%.

Analysts Set New Price Targets

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

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.