Coliseum Capital Management LLC Has $67.71 Million Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Coliseum Capital Management LLC lifted its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 46.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,024,100 shares of the company's stock after acquiring an additional 646,232 shares during the quarter. WillScot Mobile Mini makes up approximately 5.6% of Coliseum Capital Management LLC's holdings, making the stock its 8th biggest position. Coliseum Capital Management LLC owned about 1.10% of WillScot Mobile Mini worth $67,706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WSC. Jones Financial Companies Lllp boosted its stake in shares of WillScot Mobile Mini by 93.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after acquiring an additional 1,113 shares during the period. Canada Pension Plan Investment Board purchased a new position in WillScot Mobile Mini in the 4th quarter worth approximately $154,000. Headlands Technologies LLC bought a new position in WillScot Mobile Mini in the 4th quarter worth approximately $174,000. FourThought Financial Partners LLC purchased a new stake in WillScot Mobile Mini during the 4th quarter valued at approximately $216,000. Finally, Stephens Inc. AR raised its position 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 valued at $219,000 after buying an additional 1,222 shares during the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Trading Down 2.8 %

NASDAQ WSC traded down $0.77 during trading hours on Friday, hitting $26.93. 2,740,310 shares of the company were exchanged, compared to its average volume of 2,702,856. WillScot Mobile Mini Holdings Corp. has a 52 week low of $21.91 and a 52 week high of $43.80. 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 stock has a 50-day moving average price of $26.80 and a 200 day moving average price of $33.00. The stock has a market cap of $4.94 billion, a PE ratio of 179.55, 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 quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share 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 analysts' expectations 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 quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 EPS. Analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio (DPR) is currently 311.11%.

Analyst Ratings Changes

A number of brokerages recently weighed in on WSC. Morgan Stanley dropped their target price on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Oppenheimer cut their price objective on 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. Barclays decreased their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Finally, Robert W. Baird cut 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 equities research 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 stock has an average rating of "Moderate Buy" and a consensus target price of $40.50.

Insiders Place Their Bets

In other news, Director Erik Olsson sold 110,307 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the transaction, the director now directly owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. This trade represents a 14.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Timothy D. Boswell purchased 5,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $29.14 per share, with a total value of $145,700.00. Following the purchase, the chief operating officer now directly owns 34,156 shares of the company's stock, valued at approximately $995,305.84. This represents 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.

WillScot Mobile Mini Company 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.