Avantax Advisory Services Inc. Makes New $232,000 Investment in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Avantax Advisory Services Inc. bought a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,950 shares of the company’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. River Road Asset Management LLC grew its stake in WillScot Mobile Mini by 14.7% in the 4th quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company’s stock valued at $54,081,000 after acquiring an additional 206,962 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of WillScot Mobile Mini by 17.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,764 shares of the company’s stock valued at $1,698,000 after purchasing an additional 7,388 shares during the last quarter. AlphaQuest LLC increased its stake in shares of WillScot Mobile Mini by 221.2% during the 4th quarter. AlphaQuest LLC now owns 17,539 shares of the company’s stock worth $587,000 after purchasing an additional 12,078 shares in the last quarter. Edgestream Partners L.P. raised its position in shares of WillScot Mobile Mini by 1,010.2% during the 4th quarter. Edgestream Partners L.P. now owns 104,402 shares of the company’s stock worth $3,492,000 after purchasing an additional 94,998 shares during the last quarter. Finally, Geneva Capital Management LLC purchased a new stake in WillScot Mobile Mini in the 4th quarter valued at approximately $23,194,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock opened at $29.15 on Thursday. 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 company has a market cap of $5.35 billion, a price-to-earnings ratio of 194.35, a PEG ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini Holdings Corp. has a 1 year low of $27.58 and a 1 year high of $46.75. The firm has a 50 day moving average price of $34.37 and a 200 day moving average price of $35.98.

WillScot Mobile Mini (NASDAQ:WSC) last released 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. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The business had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. Sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Announces Dividend

The company 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 was Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is currently 186.67%.

Insider Transactions at WillScot Mobile Mini

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WSC shares. Oppenheimer dropped their price target on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Robert W. Baird cut their target price on shares of 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. Finally, Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.67.

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.