Ensign Peak Advisors Inc Trims Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Ensign Peak Advisors Inc trimmed its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 894,020 shares of the company's stock after selling 71,381 shares during the quarter. Ensign Peak Advisors Inc owned 0.48% of WillScot Mobile Mini worth $29,905,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Clearline Capital LP increased its stake in shares of WillScot Mobile Mini by 153.9% in the fourth quarter. Clearline Capital LP now owns 317,524 shares of the company's stock worth $10,621,000 after buying an additional 192,473 shares during the period. Coliseum Capital Management LLC increased its position in WillScot Mobile Mini by 46.9% during the 4th quarter. Coliseum Capital Management LLC now owns 2,024,100 shares of the company's stock valued at $67,706,000 after purchasing an additional 646,232 shares during the period. D. E. Shaw & Co. Inc. increased its position in WillScot Mobile Mini by 1,246.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,229,196 shares of the company's stock valued at $41,117,000 after purchasing an additional 1,137,890 shares during the period. DC Investments Management LLC increased its position in WillScot Mobile Mini by 40.7% during the 4th quarter. DC Investments Management LLC now owns 113,530 shares of the company's stock valued at $3,798,000 after purchasing an additional 32,827 shares during the period. Finally, CastleKnight Management LP increased its position in WillScot Mobile Mini by 199.7% during the 4th quarter. CastleKnight Management LP now owns 34,970 shares of the company's stock valued at $1,170,000 after purchasing an additional 23,300 shares during the period. 95.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on WSC. Robert W. Baird reduced their price objective on shares of 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 reduced their price objective on shares of 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. Barclays reduced their target price on shares of 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 upped their target price on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.63.

Insider Buying and Selling at WillScot Mobile Mini

In related news, COO Timothy D. Boswell acquired 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $29.14 per share, for a total transaction 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 trade represents a 17.15% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Erik Olsson sold 110,307 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 626,306 shares of the company's stock, valued at $18,908,178.14. This represents a 14.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.30% of the company's stock.

WillScot Mobile Mini Stock Up 1.3%

WillScot Mobile Mini stock traded up $0.37 during mid-day trading on Friday, reaching $29.93. The stock had a trading volume of 537,320 shares, compared to its average volume of 2,702,761. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 199.55, a PEG ratio of 2.18 and a beta of 1.28. The company has a 50-day moving average price of $26.83 and a two-hundred day moving average price of $32.80. WillScot Mobile Mini Holdings Corp. has a one year low of $21.91 and a one year high of $43.80. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted 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 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%. WillScot Mobile Mini's revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 EPS. On average, analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.94%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio is currently 311.11%.

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.