WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Acquired by Clearline Capital LP

Clearline Capital LP grew its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 153.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 317,524 shares of the company's stock after purchasing an additional 192,473 shares during the period. WillScot Mobile Mini makes up about 1.4% of Clearline Capital LP's portfolio, making the stock its 24th biggest position. Clearline Capital LP owned about 0.17% of WillScot Mobile Mini worth $10,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Jones Financial Companies Lllp raised its position in WillScot Mobile Mini by 93.5% during 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. Canada Pension Plan Investment Board bought a new stake in WillScot Mobile Mini during the 4th quarter valued at $154,000. Headlands Technologies LLC bought a new stake in WillScot Mobile Mini during the 4th quarter valued at $174,000. FourThought Financial Partners LLC bought a new stake in WillScot Mobile Mini during the 4th quarter valued at $216,000. Finally, Stephens Inc. AR increased its holdings in shares of WillScot Mobile Mini by 23.0% in the 4th 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 during the period. 95.81% of the stock is owned by institutional investors.

WillScot Mobile Mini Stock Up 10.1%

Shares of NASDAQ WSC traded up $2.72 during mid-day trading on Monday, hitting $29.65. The company had a trading volume of 4,020,534 shares, compared to its average volume of 2,708,126. WillScot Mobile Mini Holdings Corp. has a 1-year low of $21.91 and a 1-year high of $43.80. 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 company has a market capitalization of $5.44 billion, a PE ratio of 197.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The business's 50-day simple moving average is $26.80 and its 200 day simple moving average is $32.97.

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

WillScot Mobile Mini Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio (DPR) is currently 311.11%.

Wall Street Analysts Forecast Growth

WSC has been the topic of a number of analyst reports. Barclays cut their price target on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Morgan Stanley upped their target price on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday. Oppenheimer lowered their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Finally, Robert W. Baird reduced 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. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $40.63.

Insider Buying and Selling

In related news, COO Timothy D. Boswell purchased 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, March 13th. The stock was bought 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 approximately $995,305.84. The trade was a 17.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Bradley Lee Soultz purchased 10,000 shares of WillScot Mobile Mini stock in a transaction dated Tuesday, May 6th. The shares were bought at an average price of $26.79 per share, with a total value of $267,900.00. Following the completion of the transaction, the chief executive officer now owns 128,817 shares in the company, valued at approximately $3,451,007.43. This trade represents a 8.42% 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 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.