SG Americas Securities LLC Makes New Investment in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

SG Americas Securities LLC purchased a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 60,754 shares of the company’s stock, valued at approximately $1,689,000.

A number of other large investors also recently modified their holdings of WSC. GAMMA Investing LLC grew its position in WillScot Mobile Mini by 273.2% in the 1st quarter. GAMMA Investing LLC now owns 933 shares of the company’s stock valued at $26,000 after buying an additional 683 shares in the last quarter. State of Wyoming bought a new position in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $34,000. Jones Financial Companies Lllp increased its stake in shares of WillScot Mobile Mini by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock valued at $77,000 after acquiring an additional 1,113 shares during the period. Canada Pension Plan Investment Board bought a new stake in WillScot Mobile Mini during the fourth quarter worth approximately $154,000. Finally, Headlands Technologies LLC bought a new stake in WillScot Mobile Mini during the fourth quarter worth approximately $174,000. 95.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. William Blair reaffirmed a “market perform” rating on shares of WillScot Mobile Mini in a research note on Thursday, May 29th. Barclays lowered their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, April 4th. Morgan Stanley boosted 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 report on Monday, May 12th. Robert W. Baird reduced their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Finally, Oppenheimer lowered their price objective on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.63.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the completion of the sale, the director now owns 626,306 shares of the company’s stock, valued at $18,908,178.14. This trade represents a 14.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Bradley Lee Soultz purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the purchase, the chief executive officer now directly owns 128,817 shares of the company’s stock, valued at $3,451,007.43. The trade was a 8.42% increase in their position. The disclosure for this purchase can be found here. 3.10% of the stock is owned by insiders.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock opened at $26.71 on Monday. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $21.91 and a fifty-two week high of $43.80. The firm’s 50 day simple moving average is $26.57 and its 200-day simple moving average is $31.37. 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 $4.87 billion, a P/E ratio of 178.08, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25.

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

WillScot Mobile Mini Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.05%. WillScot Mobile Mini’s dividend payout ratio is 311.11%.

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.