Levin Capital Strategies L.P. Increases Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Levin Capital Strategies L.P. boosted its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 17.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,770 shares of the company’s stock after acquiring an additional 1,272 shares during the quarter. Levin Capital Strategies L.P.’s holdings in WillScot Mobile Mini were worth $293,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its position in WillScot Mobile Mini by 16.4% during the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after acquiring an additional 302 shares in the last quarter. KBC Group NV raised its position in WillScot Mobile Mini by 14.7% during the third quarter. KBC Group NV now owns 5,110 shares of the company’s stock valued at $192,000 after acquiring an additional 655 shares in the last quarter. Stephens Inc. AR purchased a new position in WillScot Mobile Mini during the third quarter valued at approximately $200,000. FourThought Financial Partners LLC purchased a new position in WillScot Mobile Mini during the fourth quarter valued at approximately $216,000. Finally, Avanza Fonder AB purchased a new position in WillScot Mobile Mini during the fourth quarter valued at approximately $224,000. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, WillScot Mobile Mini presently has a consensus rating of “Moderate Buy” and an average price target of $44.22.

WillScot Mobile Mini Stock Up 0.3 %

WillScot Mobile Mini stock opened at $32.95 on Friday. The stock has a market capitalization of $6.09 billion, a PE ratio of 219.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.41. WillScot Mobile Mini Holdings Corp. has a 12 month low of $32.57 and a 12 month high of $48.52. The business has a 50 day simple moving average of $35.88 and a 200-day simple moving average of $36.92. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $602.52 million for the quarter, compared to analyst estimates of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. On average, analysts anticipate 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 declared a — dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is presently 186.67%.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the transaction, the insider now owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.30% of the company’s stock.

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.