Spyglass Capital Management LLC Raises Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Spyglass Capital Management LLC grew its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 40.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,829,245 shares of the company's stock after buying an additional 527,465 shares during the period. WillScot Mobile Mini accounts for approximately 3.4% of Spyglass Capital Management LLC's investment portfolio, making the stock its 17th largest position. Spyglass Capital Management LLC owned 0.99% of WillScot Mobile Mini worth $61,188,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WSC. State of Wyoming acquired a new stake in WillScot Mobile Mini in the 4th quarter valued at about $34,000. Jones Financial Companies Lllp lifted its stake in WillScot Mobile Mini by 93.5% in 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 last quarter. Canada Pension Plan Investment Board acquired a new position in shares of WillScot Mobile Mini during the fourth quarter worth $154,000. Headlands Technologies LLC purchased a new position in shares of WillScot Mobile Mini in the 4th quarter valued at about $174,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of WillScot Mobile Mini during the 4th quarter worth about $216,000. Hedge funds and other institutional investors own 95.81% of the company's stock.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 10,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total value of $3,330,168.33. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders own 3.30% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on WSC. Oppenheimer reduced their target price 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. Morgan Stanley raised their price target on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Robert W. Baird decreased their price objective on 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, WillScot Mobile Mini has a consensus rating of "Moderate Buy" and a consensus target price of $40.63.

WillScot Mobile Mini Trading Up 1.3%

NASDAQ WSC opened at $29.94 on Monday. The company's fifty day simple moving average is $26.83 and its 200-day simple moving average is $32.69. The stock has a market cap of $5.50 billion, a P/E ratio of 199.61, a PEG ratio of 2.18 and a beta of 1.28. WillScot Mobile Mini Holdings Corp. has a 52 week low of $21.91 and a 52 week high of $43.80. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS 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 analysts' expectations of $555.51 million. During the same period in the prior year, the company posted $0.29 EPS. The company's revenue for the quarter was down 4.7% on a year-over-year basis. Equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio is presently 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.

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