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

Nomura Asset Management Co. Ltd. increased its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 16,513.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 360,353 shares of the company’s stock after buying an additional 358,184 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.20% of WillScot Mobile Mini worth $12,054,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WSC. Jones Financial Companies Lllp lifted its holdings in WillScot Mobile Mini by 93.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock worth $77,000 after buying an additional 1,113 shares during the period. FourThought Financial Partners LLC purchased a new stake in WillScot Mobile Mini in the fourth quarter worth $216,000. Stephens Inc. AR boosted its holdings in WillScot Mobile Mini by 23.0% in the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company’s stock valued at $219,000 after acquiring an additional 1,222 shares in the last quarter. Avanza Fonder AB purchased a new position in WillScot Mobile Mini during the 4th quarter valued at $224,000. Finally, Avantax Advisory Services Inc. bought a new position in WillScot Mobile Mini in the 4th quarter worth $232,000. 95.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Robert W. Baird reduced their price target on shares of 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. Oppenheimer decreased their target price 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. Finally, Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.67.

WillScot Mobile Mini Stock Performance

Shares of WillScot Mobile Mini stock opened at $28.15 on Monday. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 187.68, a PEG ratio of 2.18 and a beta of 1.45. 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 Holdings Corp. has a 1 year low of $27.58 and a 1 year high of $45.55. The firm’s 50-day moving average is $34.05 and its 200 day moving average is $35.85.

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

WillScot Mobile Mini Announces Dividend

The firm also recently declared 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 dividend payout ratio is currently 186.67%.

Insider Activity

In related news, COO Timothy D. Boswell acquired 5,000 shares of the 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 transaction, the chief operating officer now directly owns 34,156 shares in the company, valued at approximately $995,305.84. This trade represents a 17.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 626,306 shares of the company’s stock, valued at approximately $18,908,178.14. This trade represents a 14.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

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.