Mercer Global Advisors Inc. ADV Acquires New Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Mercer Global Advisors Inc. ADV acquired a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,626 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in WillScot Mobile Mini by 93.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock worth $77,000 after acquiring an additional 1,113 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in WillScot Mobile Mini in the fourth quarter worth approximately $154,000. Headlands Technologies LLC purchased a new position in WillScot Mobile Mini in the fourth quarter worth approximately $174,000. FourThought Financial Partners LLC purchased a new position in WillScot Mobile Mini in the fourth quarter worth approximately $216,000. Finally, Stephens Inc. AR lifted its stake in WillScot Mobile Mini by 23.0% in the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company’s stock worth $219,000 after acquiring an additional 1,222 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Up 1.3%

WSC stock opened at $29.94 on Friday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 199.61, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The company has a fifty day moving average price of $26.83 and a 200 day moving average price of $32.73. WillScot Mobile Mini Holdings Corp. has a 12 month low of $21.91 and a 12 month high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.04). The firm had revenue of $559.55 million during the quarter, compared to analyst estimates of $555.51 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 earnings per share. Sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.28 annualized dividend and a yield of 0.94%. WillScot Mobile Mini’s dividend payout ratio is currently 311.11%.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz acquired 10,000 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $26.79 per share, with a total value of $267,900.00. Following the purchase, the chief executive officer now owns 128,817 shares of the company’s stock, valued at $3,451,007.43. This represents a 8.42% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Timothy D. Boswell acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the purchase, the chief operating officer now directly owns 34,156 shares in the company, valued at $995,305.84. This trade represents a 17.15% increase in their position. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

WSC has been the subject of a number of recent research reports. Barclays decreased their price target on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Morgan Stanley lifted their price target on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note 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. Finally, Oppenheimer decreased their price target on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. Four 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.63.

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.