WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Purchased by Turtle Creek Asset Management Inc.

Turtle Creek Asset Management Inc. raised its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 23.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,594,848 shares of the company's stock after purchasing an additional 693,243 shares during the quarter. WillScot Mobile Mini accounts for 3.1% of Turtle Creek Asset Management Inc.'s portfolio, making the stock its 19th largest position. Turtle Creek Asset Management Inc. owned 1.95% of WillScot Mobile Mini worth $120,248,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WSC. State of Wyoming acquired a new stake in WillScot Mobile Mini during the fourth quarter valued at approximately $34,000. Jones Financial Companies Lllp boosted its holdings in shares of WillScot Mobile Mini by 93.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after buying an additional 1,113 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $154,000. Headlands Technologies LLC bought a new position in WillScot Mobile Mini during the fourth quarter valued at about $174,000. Finally, FourThought Financial Partners LLC acquired a new position in shares of WillScot Mobile Mini in the 4th quarter valued at $216,000. Institutional investors and hedge funds own 95.81% of the company's stock.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction on 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Bradley Lee Soultz bought 10,000 shares of the stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of $26.79 per share, with a total value of $267,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 128,817 shares in the company, valued at approximately $3,451,007.43. This trade represents a 8.42% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company's stock.

Analysts Set New Price Targets

WSC has been the topic of a number of research analyst reports. Barclays decreased their price objective on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Oppenheimer decreased their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Robert W. Baird lowered their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Finally, Morgan Stanley upped their target price on WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, WillScot Mobile Mini has an average rating of "Moderate Buy" and an average target price of $40.63.

WillScot Mobile Mini Trading Up 0.2%

NASDAQ WSC traded up $0.06 during trading on Friday, hitting $27.45. 274,927 shares of the company's stock traded hands, compared to its average volume of 2,687,525. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The stock has a fifty day moving average of $26.70 and a two-hundred day moving average of $32.51. The firm has a market cap of $5.01 billion, a P/E ratio of 182.55, a PEG ratio of 2.18 and a beta of 1.28. WillScot Mobile Mini Holdings Corp. has a 12-month low of $21.91 and a 12-month high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). The firm had revenue of $559.55 million during the quarter, compared to the consensus estimate of $555.51 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. WillScot Mobile Mini's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 EPS. As a group, sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend 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.