1248 Management LLC Buys New Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

1248 Management LLC acquired a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,287 shares of the company's stock, valued at approximately $645,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Carnegie Lake Advisors LLC lifted its position in WillScot Mobile Mini by 0.5% during the fourth quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company's stock valued at $1,826,000 after buying an additional 280 shares in the last quarter. Sciencast Management LP lifted its holdings in shares of WillScot Mobile Mini by 0.9% during the 4th quarter. Sciencast Management LP now owns 56,961 shares of the company's stock valued at $1,905,000 after acquiring an additional 491 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in WillScot Mobile Mini by 0.3% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 344,914 shares of the company's stock worth $11,537,000 after purchasing an additional 1,070 shares during the period. Jones Financial Companies Lllp increased 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 valued at $77,000 after purchasing an additional 1,113 shares in the last quarter. Finally, Stephens Inc. AR raised its position 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 purchasing an additional 1,222 shares during the period. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WSC has been the topic of several analyst reports. Robert W. Baird dropped their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Morgan Stanley reduced their target price on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Barclays lowered their price target on shares of 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. Finally, Oppenheimer decreased 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 research report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, WillScot Mobile Mini presently has a consensus rating of "Moderate Buy" and an average target price of $40.50.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ:WSC traded down $0.50 on Tuesday, hitting $26.54. The company's stock had a trading volume of 1,412,542 shares, compared to its average volume of 2,708,747. WillScot Mobile Mini Holdings Corp. has a 12 month low of $21.91 and a 12 month high of $43.80. The stock's 50-day moving average is $27.20 and its two-hundred day moving average is $33.28. 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 capitalization of $4.87 billion, a price-to-earnings ratio of 176.95, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.04). The company had revenue of $559.55 million for the quarter, compared to analyst estimates of $555.51 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm's quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS. On average, equities research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini's payout ratio is currently 311.11%.

Insider Activity

In related news, 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 value 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 represents a 14.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Timothy D. Boswell bought 5,000 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $29.14 per share, for a total transaction of $145,700.00. Following 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 disclosure for this purchase can be found here. 3.30% of the stock is owned by insiders.

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.