Harbor Capital Advisors Inc. Boosts Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Harbor Capital Advisors Inc. increased its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 14.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,522 shares of the company’s stock after acquiring an additional 12,022 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.05% of WillScot Mobile Mini worth $2,656,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Impax Asset Management Group plc purchased a new stake in WillScot Mobile Mini in the 4th quarter valued at $7,192,000. New York Life Investment Management LLC purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at about $679,000. Geneva Capital Management LLC acquired a new stake in shares of WillScot Mobile Mini during the fourth quarter worth about $23,194,000. River Road Asset Management LLC grew its holdings in shares of WillScot Mobile Mini by 14.7% during the fourth quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company’s stock worth $54,081,000 after buying an additional 206,962 shares during the last quarter. Finally, TCW Group Inc. increased its position in WillScot Mobile Mini by 20.1% in the 4th quarter. TCW Group Inc. now owns 46,436 shares of the company’s stock valued at $1,553,000 after acquiring an additional 7,763 shares during the period. 95.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on WSC. Robert W. Baird decreased their price objective on 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. Barclays cut their price target 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. Morgan Stanley increased their price target on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, May 12th. William Blair reissued a “market perform” rating on shares of WillScot Mobile Mini in a research note on Thursday, May 29th. Finally, Oppenheimer reduced their target price 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. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.63.

Insider Activity

In other news, Director Erik Olsson sold 110,307 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total value of $3,330,168.33. Following the completion of the transaction, the director now owns 626,306 shares in the company, valued at $18,908,178.14. This trade represents a 14.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the transaction, the chief executive officer now directly owns 128,817 shares in the company, valued at approximately $3,451,007.43. This represents a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Trading Down 0.9%

NASDAQ:WSC opened at $28.21 on Thursday. WillScot Mobile Mini Holdings Corp. has a 1 year low of $21.91 and a 1 year high of $43.80. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The stock has a fifty day moving average price of $26.42 and a two-hundred day moving average price of $31.62. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 188.08, a PEG ratio of 2.18 and a beta of 1.25.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share 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 company had revenue of $559.55 million for the quarter, compared to analyst estimates of $555.51 million. During the same period last year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 0.99%. WillScot Mobile Mini’s dividend payout ratio (DPR) is presently 311.11%.

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.