Altrinsic Global Advisors LLC Invests $4.38 Million in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Altrinsic Global Advisors LLC acquired a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 130,789 shares of the company's stock, valued at approximately $4,375,000. Altrinsic Global Advisors LLC owned about 0.07% of WillScot Mobile Mini as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Barclays PLC grew its holdings in shares of WillScot Mobile Mini by 770.3% during the third quarter. Barclays PLC now owns 353,485 shares of the company's stock worth $13,292,000 after buying an additional 312,867 shares in the last quarter. Virtu Financial LLC purchased a new stake in WillScot Mobile Mini in the 3rd quarter valued at about $468,000. Sanctuary Advisors LLC boosted its position in shares of WillScot Mobile Mini by 23.3% in the third quarter. Sanctuary Advisors LLC now owns 16,369 shares of the company's stock worth $594,000 after acquiring an additional 3,093 shares during the last quarter. Tidal Investments LLC boosted its holdings in WillScot Mobile Mini by 44.6% in the third quarter. Tidal Investments LLC now owns 11,975 shares of the company's stock valued at $450,000 after acquiring an additional 3,692 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in shares of WillScot Mobile Mini by 7.9% in the 3rd quarter. Retirement Systems of Alabama now owns 124,985 shares of the company's stock valued at $4,699,000 after purchasing an additional 9,159 shares in the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Mobile Mini Price Performance

WSC stock traded down $0.44 on Monday, hitting $24.64. 362,691 shares of the company's stock traded hands, compared to its average volume of 2,726,509. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 164.28, a P/E/G ratio of 2.18 and a beta of 1.25. The stock has a fifty day moving average of $28.40 and a 200-day moving average of $33.73. WillScot Mobile Mini Holdings Corp. has a 1-year low of $21.91 and a 1-year high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $602.52 million during the quarter, compared to analysts' expectations of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. On average, analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The business also recently announced a -- dividend, which was paid on Wednesday, March 19th. Investors 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 Transactions at WillScot Mobile Mini

In related news, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction that occurred on 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 transaction, the director now directly owns 626,306 shares in the company, valued at approximately $18,908,178.14. The trade was a 14.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock was purchased at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the transaction, the chief operating officer now owns 34,156 shares in the company, valued at $995,305.84. The trade was a 17.15 % increase in their position. The disclosure for this purchase can be found here. 3.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WSC has been the topic of several research reports. Morgan Stanley cut their price target on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Oppenheimer reduced their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Robert W. Baird lowered their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Finally, Barclays reduced their price objective on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $40.50.

About WillScot Mobile Mini

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.