Invesco Ltd. Has $60.89 Million Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Invesco Ltd. increased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 747.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,820,316 shares of the company’s stock after acquiring an additional 1,605,436 shares during the period. Invesco Ltd.’s holdings in WillScot Mobile Mini were worth $60,890,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in shares of WillScot Mobile Mini by 13.7% during the third quarter. HighTower Advisors LLC now owns 32,686 shares of the company’s stock valued at $1,237,000 after purchasing an additional 3,942 shares during the period. Quantinno Capital Management LP raised its stake in WillScot Mobile Mini by 21.7% during the 3rd quarter. Quantinno Capital Management LP now owns 9,420 shares of the company’s stock worth $354,000 after buying an additional 1,681 shares during the period. Barclays PLC boosted its holdings in WillScot Mobile Mini by 770.3% in the third quarter. Barclays PLC now owns 353,485 shares of the company’s stock worth $13,292,000 after acquiring an additional 312,867 shares in the last quarter. M&T Bank Corp boosted its holdings in WillScot Mobile Mini by 17.5% in the third quarter. M&T Bank Corp now owns 14,804 shares of the company’s stock worth $556,000 after acquiring an additional 2,206 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of WillScot Mobile Mini by 15.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 47,166 shares of the company’s stock valued at $1,773,000 after acquiring an additional 6,286 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $50.00 in a report on Tuesday, December 17th. Oppenheimer reduced 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. Robert W. Baird lowered their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Finally, Barclays decreased their price objective on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Insider Activity

In other WillScot Mobile Mini news, COO Timothy D. Boswell acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the acquisition, the chief operating officer now directly owns 34,156 shares in the company, valued at $995,305.84. This trade 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 accessible through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Price Performance

Shares of NASDAQ WSC opened at $24.50 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The company has a market capitalization of $4.50 billion, a PE ratio of 163.34, a PEG ratio of 2.18 and a beta of 1.25. The stock’s 50 day moving average price is $30.95 and its 200-day moving average price is $34.59. WillScot Mobile Mini Holdings Corp. has a twelve month low of $21.91 and a twelve month high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $602.52 million during 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, equities analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The business 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 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.