Turtle Creek Asset Management Inc. Has $120.25 Million Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

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

A number of other large investors also recently made changes to their positions in WSC. State of Wyoming acquired a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at $34,000. Jones Financial Companies Lllp increased 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 valued at $77,000 after acquiring an additional 1,113 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of WillScot Mobile Mini in the 4th quarter valued at approximately $154,000. Headlands Technologies LLC acquired a new stake in WillScot Mobile Mini in the 4th quarter worth approximately $174,000. Finally, FourThought Financial Partners LLC bought a new stake in WillScot Mobile Mini during the fourth quarter worth approximately $216,000. Institutional investors and hedge funds own 95.81% of the company's stock.

Insider Activity

In related news, CEO Bradley Lee Soultz bought 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price 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 of the company's stock, valued at $3,451,007.43. This represents a 8.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Timothy D. Boswell acquired 5,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $29.14 per share, with a total value of $145,700.00. Following the completion of the purchase, the chief operating officer now directly owns 34,156 shares of the company's stock, valued at approximately $995,305.84. This represents a 17.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays dropped their price target 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. Morgan Stanley lifted 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. Robert W. Baird cut 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, Oppenheimer lowered their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.63.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ WSC traded down $0.50 during mid-day trading on Tuesday, hitting $28.75. The company had a trading volume of 828,678 shares, compared to its average volume of 2,704,654. WillScot Mobile Mini Holdings Corp. has a 12 month low of $21.91 and a 12 month high of $43.80. The firm has a market cap of $5.28 billion, a P/E ratio of 191.68, a PEG ratio of 2.18 and a beta of 1.28. The business's 50-day simple moving average is $26.82 and its 200-day simple moving average is $32.61. 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 announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 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 was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. As a group, analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The firm 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 $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.97%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio (DPR) 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.