Clearline Capital LP Boosts Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Clearline Capital LP raised its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 153.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 317,524 shares of the company's stock after acquiring an additional 192,473 shares during the quarter. WillScot Mobile Mini accounts for about 1.4% of Clearline Capital LP's holdings, 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 SEC.

A number of other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp increased its position 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 acquiring an additional 1,113 shares during the period. Canada Pension Plan Investment Board acquired a new stake in WillScot Mobile Mini during the fourth quarter valued at $154,000. Headlands Technologies LLC acquired a new stake in shares of WillScot Mobile Mini during the 4th quarter valued at about $174,000. FourThought Financial Partners LLC acquired a new stake in WillScot Mobile Mini in the 4th quarter worth approximately $216,000. Finally, Stephens Inc. AR lifted its holdings in shares of WillScot Mobile Mini by 23.0% during the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock worth $219,000 after buying an additional 1,222 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, COO Timothy D. Boswell acquired 5,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $29.14 per share, with a total value of $145,700.00. Following the transaction, the chief operating officer now directly owns 34,156 shares of the company's stock, valued at $995,305.84. This trade represents a 17.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Bradley Lee Soultz acquired 10,000 shares of WillScot Mobile Mini stock in a transaction on 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 purchase, the chief executive officer now directly owns 128,817 shares in the company, valued at approximately $3,451,007.43. The trade was a 8.42% increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.30% of the company's stock.

WillScot Mobile Mini Stock Up 2.0%

Shares of WSC traded up $0.60 on Tuesday, reaching $30.25. The stock had a trading volume of 1,441,995 shares, compared to its average volume of 2,703,307. The company has a 50-day simple moving average of $26.79 and a 200-day simple moving average of $32.91. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 201.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. WillScot Mobile Mini Holdings Corp. has a 12-month low of $21.91 and a 12-month high of $43.80. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (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 the consensus estimate of $555.51 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The business's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS. Sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 0.93%. WillScot Mobile Mini's dividend payout ratio (DPR) is presently 311.11%.

Analyst Ratings Changes

WSC has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday. Robert W. Baird cut their price objective 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. 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 research note on Monday, March 10th. Finally, Barclays dropped 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $40.63.

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.