Thrivent Financial for Lutherans Buys 4,620 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Thrivent Financial for Lutherans raised its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 21.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,220 shares of the company’s stock after purchasing an additional 4,620 shares during the quarter. Thrivent Financial for Lutherans’ holdings in WillScot Mobile Mini were worth $877,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WSC. The Manufacturers Life Insurance Company lifted its position in shares of WillScot Mobile Mini by 9.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 47,437 shares of the company’s stock valued at $1,784,000 after acquiring an additional 4,140 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in WillScot Mobile Mini by 5.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,376 shares of the company’s stock valued at $1,631,000 after purchasing an additional 2,340 shares in the last quarter. Verition Fund Management LLC raised its holdings in shares of WillScot Mobile Mini by 56.4% during the third quarter. Verition Fund Management LLC now owns 82,502 shares of the company’s stock valued at $3,102,000 after purchasing an additional 29,764 shares during the period. Chevy Chase Trust Holdings LLC boosted its position in shares of WillScot Mobile Mini by 7.5% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 26,070 shares of the company’s stock worth $980,000 after purchasing an additional 1,809 shares in the last quarter. Finally, Holocene Advisors LP grew its stake in shares of WillScot Mobile Mini by 2.6% in the 3rd quarter. Holocene Advisors LP now owns 166,741 shares of the company’s stock valued at $6,269,000 after buying an additional 4,156 shares during the period. Institutional investors own 95.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on WSC. Oppenheimer reduced 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. Robert W. Baird reduced their price target on shares of 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. Finally, Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Four 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.75.

WillScot Mobile Mini Trading Down 1.2 %

Shares of WillScot Mobile Mini stock opened at $27.48 on Wednesday. The firm has a market cap of $5.04 billion, a PE ratio of 183.21, a P/E/G ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini Holdings Corp. has a 1 year low of $26.91 and a 1 year high of $45.41. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The stock has a fifty day moving average price of $33.65 and a 200-day moving average price of $35.68.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. Equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The company also recently announced a — dividend, which was paid on Wednesday, March 19th. Shareholders 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 presently 186.67%.

Insider Buying and Selling 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 transaction of $3,330,168.33. Following the sale, the director now directly owns 626,306 shares in the company, 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 SEC, which is available at this link. Also, COO Timothy D. Boswell acquired 5,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $29.14 per share, with a total value of $145,700.00. Following the completion of the transaction, the chief operating officer now directly owns 34,156 shares of the company’s stock, valued at $995,305.84. This trade represents a 17.15 % increase in their position. The disclosure for this purchase can be found here. 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.