Voloridge Investment Management LLC Takes Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Voloridge Investment Management LLC bought a new position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 185,180 shares of the company's stock, valued at approximately $6,194,000. Voloridge Investment Management LLC owned approximately 0.10% of WillScot Mobile Mini as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Impax Asset Management Group plc bought a new stake in WillScot Mobile Mini during the fourth quarter valued at approximately $7,192,000. New York Life Investment Management LLC purchased a new position in shares of WillScot Mobile Mini in the fourth quarter worth $679,000. Geneva Capital Management LLC purchased a new position in WillScot Mobile Mini during the 4th quarter valued at $23,194,000. River Road Asset Management LLC increased its position in WillScot Mobile Mini by 14.7% during the 4th quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock valued at $54,081,000 after purchasing an additional 206,962 shares during the period. Finally, TCW Group Inc. grew its position in shares of WillScot Mobile Mini by 20.1% in the 4th quarter. TCW Group Inc. now owns 46,436 shares of the company's stock worth $1,553,000 after buying an additional 7,763 shares during the period. Hedge funds and other institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Trading Down 0.7%

Shares of WSC stock traded down $0.19 during mid-day trading on Friday, reaching $27.10. The company's stock had a trading volume of 227,050 shares, compared to its average volume of 2,971,285. The company's 50 day simple moving average is $26.42 and its 200-day simple moving average is $32.11. The firm has a market capitalization of $4.94 billion, a PE ratio of 180.68, a price-to-earnings-growth 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. 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 released 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). WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The business had revenue of $559.55 million during the quarter, compared to analyst estimates of $555.51 million. During the same period in the prior year, the firm earned $0.29 EPS. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, 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 declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.03%. WillScot Mobile Mini's dividend payout ratio (DPR) is presently 311.11%.

Insiders Place Their Bets

In related news, Director Erik Olsson sold 110,307 shares of the firm's 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 completion of the transaction, the director now directly owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. This trade represents a 14.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Timothy D. Boswell purchased 5,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the transaction, 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 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

Several equities analysts have issued reports on WSC shares. Oppenheimer lowered their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. William Blair reissued a "market perform" rating on shares of WillScot Mobile Mini in a research note on Thursday. Robert W. Baird lowered their target price on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Morgan Stanley boosted their price objective on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Finally, Barclays cut 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 research note on Friday, April 4th. Five 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $40.63.

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.