Nomura Asset Management Co. Ltd. Buys 358,184 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Nomura Asset Management Co. Ltd. boosted its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 16,513.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 360,353 shares of the company’s stock after purchasing an additional 358,184 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in WillScot Mobile Mini were worth $12,054,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WSC. Norges Bank bought a new position in shares of WillScot Mobile Mini during the 4th quarter valued at approximately $97,734,000. Van Berkom & Associates Inc. purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter worth $58,855,000. Douglas Lane & Associates LLC raised its position in shares of WillScot Mobile Mini by 379.1% during the 4th quarter. Douglas Lane & Associates LLC now owns 997,693 shares of the company’s stock valued at $33,373,000 after purchasing an additional 789,445 shares during the period. Geneva Capital Management LLC purchased a new position in shares of WillScot Mobile Mini during the 4th quarter valued at $23,194,000. Finally, William Blair Investment Management LLC boosted its holdings in WillScot Mobile Mini by 13.6% in the 4th quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company’s stock worth $185,831,000 after buying an additional 664,805 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WSC shares. Robert W. Baird lowered their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Finally, Oppenheimer cut their price objective on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a report 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.67.

Insider Transactions at WillScot Mobile Mini

In other news, COO Timothy D. Boswell acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the purchase, the chief operating officer now directly owns 34,156 shares of the company’s stock, valued at $995,305.84. This represents a 17.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erik Olsson sold 110,307 shares of the 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 directly owns 626,306 shares in the company, valued at approximately $18,908,178.14. This represents a 14.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Trading Down 4.0 %

WSC stock opened at $28.15 on Monday. The firm has a fifty day moving average price of $34.05 and a 200 day moving average price of $35.85. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $27.58 and a fifty-two week high of $45.55. The firm has a market cap of $5.17 billion, a PE ratio of 187.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. 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 Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini’s payout ratio is 186.67%.

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.