DC Investments Management LLC Grows Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

DC Investments Management LLC increased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 40.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,530 shares of the company's stock after purchasing an additional 32,827 shares during the quarter. WillScot Mobile Mini accounts for approximately 2.5% of DC Investments Management LLC's portfolio, making the stock its 11th biggest 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 institutional investors and hedge funds have also recently bought and sold shares of the company. Carnegie Lake Advisors LLC lifted its holdings 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 purchasing an additional 280 shares during the last quarter. Sciencast Management LP boosted its position in shares of WillScot Mobile Mini by 0.9% in the fourth quarter. Sciencast Management LP now owns 56,961 shares of the company's stock valued at $1,905,000 after acquiring an additional 491 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its position in shares of WillScot Mobile Mini by 0.3% in the fourth 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 increased its position in WillScot Mobile Mini by 93.5% during 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. 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 worth $219,000 after purchasing an additional 1,222 shares in the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WSC has been the subject of several recent research reports. Barclays cut their price target on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. 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 report on Monday, March 10th. Morgan Stanley upped 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. Finally, Oppenheimer reduced their price target on shares of 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. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.63.

Insider Transactions at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz bought 10,000 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the transaction, the chief executive officer now directly owns 128,817 shares in the company, valued at $3,451,007.43. This trade represents a 8.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Timothy D. Boswell acquired 5,000 shares of the company'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 completion of the acquisition, the chief operating officer now directly owns 34,156 shares in the company, valued at $995,305.84. The trade was a 17.15% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.30% of the company's stock.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ:WSC traded up $0.60 during midday trading on Tuesday, reaching $30.25. The company had a trading volume of 1,441,995 shares, compared to its average volume of 2,703,275. WillScot Mobile Mini Holdings Corp. has a 52-week low of $21.91 and a 52-week high of $43.80. The company's 50 day moving average price is $26.79 and its 200 day moving average price is $32.91. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The stock has a market cap of $5.55 billion, a P/E ratio of 201.68, a P/E/G ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings data 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). WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm had revenue of $559.55 million for the quarter, compared to the consensus estimate of $555.51 million. During the same period last year, the company posted $0.29 earnings per share. WillScot Mobile Mini's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's payout ratio is 311.11%.

About WillScot Mobile Mini

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.