Man Group plc Acquires 202,260 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Man Group plc increased its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 138.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 348,496 shares of the company’s stock after buying an additional 202,260 shares during the quarter. Man Group plc’s holdings in WillScot Mobile Mini were worth $11,657,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC boosted its position in WillScot Mobile Mini by 770.3% in the third quarter. Barclays PLC now owns 353,485 shares of the company’s stock worth $13,292,000 after purchasing an additional 312,867 shares during the last quarter. Avanza Fonder AB purchased a new position in WillScot Mobile Mini in the fourth quarter worth about $224,000. KBC Group NV boosted its position in WillScot Mobile Mini by 53.7% in the fourth quarter. KBC Group NV now owns 7,854 shares of the company’s stock worth $263,000 after purchasing an additional 2,744 shares during the last quarter. Hantz Financial Services Inc. boosted its position in WillScot Mobile Mini by 37.8% in the fourth quarter. Hantz Financial Services Inc. now owns 98,286 shares of the company’s stock worth $3,288,000 after purchasing an additional 26,964 shares during the last quarter. Finally, Swedbank AB boosted its position in WillScot Mobile Mini by 3.0% in the fourth quarter. Swedbank AB now owns 3,324,000 shares of the company’s stock worth $111,188,000 after purchasing an additional 98,000 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz bought 10,000 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average price of $26.79 per share, with a total value of $267,900.00. Following the transaction, the chief executive officer now owns 128,817 shares in the company, valued at $3,451,007.43. This trade represents a 8.42% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Erik Olsson sold 110,307 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total value of $3,330,168.33. Following the transaction, the director now owns 626,306 shares of the company’s stock, valued at approximately $18,908,178.14. The trade was a 14.97% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Stock Up 1.3%

NASDAQ WSC opened at $29.94 on Monday. The stock’s 50 day moving average is $26.83 and its 200 day moving average is $32.69. 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 $21.91 and a 12 month high of $43.80. The stock has a market cap of $5.50 billion, a PE ratio of 199.61, a P/E/G ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results 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 business had revenue of $559.55 million during the quarter, compared to analysts’ expectations of $555.51 million. During the same period in the prior year, the firm posted $0.29 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

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. This represents a $0.28 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini’s payout ratio is 311.11%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley raised their target price on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Monday, May 12th. Oppenheimer cut their price objective on 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. Barclays cut their price objective on 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. Finally, Robert W. Baird cut their price objective on 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.63.

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.