Rhumbline Advisers Has $11.87 Million Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Rhumbline Advisers boosted its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 125.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 427,041 shares of the company's stock after buying an additional 237,256 shares during the period. Rhumbline Advisers owned approximately 0.23% of WillScot Mobile Mini worth $11,872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Wyoming purchased a new position in WillScot Mobile Mini in the fourth quarter valued at about $34,000. Jones Financial Companies Lllp raised its position in shares of 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 purchasing an additional 1,113 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of WillScot Mobile Mini during the 4th quarter valued at approximately $154,000. Headlands Technologies LLC acquired a new stake in shares of WillScot Mobile Mini during the fourth quarter worth approximately $174,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of WillScot Mobile Mini during the fourth quarter worth approximately $216,000. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Mobile Mini Stock Down 3.8%

Shares of NASDAQ:WSC traded down $1.05 on Friday, reaching $26.71. The company had a trading volume of 1,071,533 shares, compared to its average volume of 2,679,762. The stock has a market capitalization of $4.87 billion, a P/E ratio of 178.08, a P/E/G ratio of 2.18 and a beta of 1.25. The stock has a 50-day moving average price of $26.49 and a 200 day moving average price of $31.55. WillScot Mobile Mini Holdings Corp. has a twelve month low of $21.91 and a twelve month 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.

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 for the quarter, missing the consensus estimate of $0.28 by ($0.04). The company had revenue of $559.55 million during 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 quarter last year, the firm posted $0.29 earnings per share. On average, equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio is 311.11%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Robert W. Baird reduced their price target 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. Barclays cut 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 note on Friday, April 4th. William Blair reiterated a "market perform" rating on shares of WillScot Mobile Mini in a research report on Thursday, May 29th. Oppenheimer lowered their price target on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Finally, Morgan Stanley raised their price objective on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $40.63.

Insider Activity

In related news, CEO Bradley Lee Soultz acquired 10,000 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $26.79 per share, with a total value of $267,900.00. Following the acquisition, the chief executive officer now directly owns 128,817 shares in the company, valued at $3,451,007.43. The trade was a 8.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Erik Olsson sold 110,307 shares of the company's stock in a transaction 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 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 disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

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.