WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Acquired by DC Investments Management LLC

DC Investments Management LLC raised its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 40.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 113,530 shares of the company's stock after acquiring an additional 32,827 shares during the period. WillScot Mobile Mini makes up approximately 2.5% of DC Investments Management LLC's investment portfolio, making the stock its 11th largest position. DC Investments Management LLC owned about 0.06% of WillScot Mobile Mini worth $3,798,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in WillScot Mobile Mini in the 4th quarter valued at $97,734,000. Franklin Resources Inc. boosted its holdings in WillScot Mobile Mini by 34.4% in the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock valued at $345,020,000 after purchasing an additional 2,639,559 shares during the last quarter. Van Berkom & Associates Inc. acquired a new position in WillScot Mobile Mini in the 4th quarter valued at about $58,855,000. Invesco Ltd. boosted its holdings in WillScot Mobile Mini by 747.1% in the 4th quarter. Invesco Ltd. now owns 1,820,316 shares of the company's stock valued at $60,890,000 after purchasing an additional 1,605,436 shares during the last quarter. Finally, Capital International Investors boosted its holdings in WillScot Mobile Mini by 20.3% in the 4th quarter. Capital International Investors now owns 5,307,738 shares of the company's stock valued at $177,544,000 after purchasing an additional 897,184 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Mobile Mini Trading Up 10.1%

Shares of WSC traded up $2.72 during midday trading on Monday, hitting $29.65. 4,020,534 shares of the stock were exchanged, compared to its average volume of 2,708,126. WillScot Mobile Mini Holdings Corp. has a 52-week low of $21.91 and a 52-week high of $43.80. The stock has a fifty day simple moving average of $26.80 and a 200 day simple moving average of $32.97. The firm has a market cap of $5.44 billion, a P/E ratio of 197.68, a P/E/G ratio of 2.18 and a beta of 1.28. 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 issued 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 business had revenue of $559.55 million for the quarter, compared to analyst estimates of $555.51 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. On average, research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.28 annualized dividend and a dividend yield of 0.94%. WillScot Mobile Mini's dividend payout ratio is presently 311.11%.

Analyst Ratings Changes

Several equities analysts have weighed in on WSC shares. Oppenheimer decreased 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 reduced their target price 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. Barclays reduced 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, Morgan Stanley lifted their target price on WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $40.63.

Insider Transactions at WillScot Mobile Mini

In other news, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the completion of the transaction, the director now directly owns 626,306 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were bought at an average cost 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 of the company's stock, valued at approximately $3,451,007.43. This 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.