Spyglass Capital Management LLC Purchases 527,465 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Spyglass Capital Management LLC lifted its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 40.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,829,245 shares of the company's stock after acquiring an additional 527,465 shares during the period. WillScot Mobile Mini makes up about 3.4% of Spyglass Capital Management LLC's portfolio, making the stock its 17th largest holding. Spyglass Capital Management LLC owned approximately 0.99% of WillScot Mobile Mini worth $61,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. lifted its holdings in shares of WillScot Mobile Mini by 34.4% during the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock worth $345,020,000 after acquiring an additional 2,639,559 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of WillScot Mobile Mini by 13.6% during the 4th quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company's stock worth $185,831,000 after acquiring an additional 664,805 shares during the period. FMR LLC lifted its holdings in shares of WillScot Mobile Mini by 12.0% during the 4th quarter. FMR LLC now owns 5,554,101 shares of the company's stock worth $185,785,000 after acquiring an additional 595,063 shares during the period. Capital International Investors lifted its holdings in shares of WillScot Mobile Mini by 20.3% during the 4th quarter. Capital International Investors now owns 5,307,738 shares of the company's stock worth $177,544,000 after acquiring an additional 897,184 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of WillScot Mobile Mini by 4.8% during the 4th quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company's stock worth $161,641,000 after acquiring an additional 223,462 shares during the period. Institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Stock Down 0.3%

NASDAQ:WSC traded down $0.07 during trading hours on Friday, reaching $27.32. The company had a trading volume of 1,081,046 shares, compared to its average volume of 2,695,906. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 182.15, a P/E/G ratio of 2.18 and a beta of 1.28. The business's 50-day simple moving average is $26.65 and its two-hundred day simple moving average is $32.43. WillScot Mobile Mini Holdings Corp. has a twelve month low of $21.91 and a twelve month high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $559.55 million during the quarter, compared to the consensus estimate of $555.51 million. During the same period last year, the business posted $0.29 earnings per share. The firm's quarterly revenue was down 4.7% on a year-over-year basis. On average, equities analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share 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 paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio (DPR) is 311.11%.

Insider Buying and Selling at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz purchased 10,000 shares of the company's stock in a transaction that occurred on 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 directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Erik Olsson sold 110,307 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the transaction, 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 disclosure for this sale can be found here. Insiders own 3.30% of the company's stock.

Wall Street Analyst Weigh In

WSC has been the subject of several research reports. Morgan Stanley increased their price objective on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Robert W. Baird decreased their price target on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Oppenheimer decreased their price objective on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Finally, Barclays reduced their price target on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, WillScot Mobile Mini presently has a consensus rating of "Moderate Buy" and a consensus 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.