Coliseum Capital Management LLC Increases Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Coliseum Capital Management LLC raised its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 46.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,024,100 shares of the company's stock after buying an additional 646,232 shares during the quarter. WillScot Mobile Mini comprises about 5.6% of Coliseum Capital Management LLC's portfolio, making the stock its 8th biggest holding. Coliseum Capital Management LLC owned about 1.10% of WillScot Mobile Mini worth $67,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the stock. Carnegie Lake Advisors LLC boosted its position in WillScot Mobile Mini by 0.5% during the 4th quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company's stock worth $1,826,000 after acquiring an additional 280 shares during the last quarter. Sciencast Management LP boosted its holdings in shares of WillScot Mobile Mini by 0.9% in the 4th quarter. Sciencast Management LP now owns 56,961 shares of the company's stock valued at $1,905,000 after buying an additional 491 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in WillScot Mobile Mini by 0.3% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 344,914 shares of the company's stock valued at $11,537,000 after acquiring an additional 1,070 shares during the period. Jones Financial Companies Lllp raised its stake 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. Finally, Stephens Inc. AR raised its stake in 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. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Mobile Mini Stock Up 2.0%

Shares of NASDAQ WSC traded up $0.60 during midday trading on Tuesday, hitting $30.25. 1,441,995 shares of the stock traded hands, compared to its average volume of 2,703,307. The company has a market cap of $5.55 billion, a PE ratio of 201.68, a P/E/G ratio of 2.18 and a beta of 1.28. WillScot Mobile Mini Holdings Corp. has a one year low of $21.91 and a one year high of $43.80. The business has a 50 day moving average price of $26.79 and a two-hundred day moving average price of $32.91. 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 announced its 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 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 firm's quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. On average, equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The firm 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 $0.07 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.28 annualized dividend and a yield of 0.93%. WillScot Mobile Mini's dividend payout ratio is currently 311.11%.

Insiders Place Their Bets

In other WillScot Mobile Mini news, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction 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 sale, the director now directly owns 626,306 shares in the company, valued at $18,908,178.14. The trade was a 14.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Bradley Lee Soultz bought 10,000 shares of the stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the purchase, the chief executive officer now owns 128,817 shares of the company's stock, valued at approximately $3,451,007.43. This trade represents a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WSC. 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 report on Monday. Robert W. Baird lowered their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. Oppenheimer lowered their price objective on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Finally, Barclays lowered 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 report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.63.

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.