Yousif Capital Management LLC Makes New Investment in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Yousif Capital Management LLC acquired a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 70,310 shares of the company's stock, valued at approximately $1,955,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Impax Asset Management Group plc bought a new position in WillScot Mobile Mini during the fourth quarter worth about $7,192,000. New York Life Investment Management LLC acquired a new position in shares of WillScot Mobile Mini in the 4th quarter worth approximately $679,000. Geneva Capital Management LLC acquired a new position in shares of WillScot Mobile Mini in the 4th quarter worth approximately $23,194,000. River Road Asset Management LLC lifted its position in shares of 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 worth $54,081,000 after buying an additional 206,962 shares during the period. Finally, TCW Group Inc. boosted its stake in WillScot Mobile Mini by 20.1% in the 4th quarter. TCW Group Inc. now owns 46,436 shares of the company's stock valued at $1,553,000 after buying an additional 7,763 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 10,000 shares of WillScot Mobile Mini stock in a transaction dated Tuesday, May 6th. The shares were bought at an average price of $26.79 per share, with a total value of $267,900.00. Following the purchase, the chief executive officer now owns 128,817 shares of the company's stock, valued at $3,451,007.43. This trade represents a 8.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Erik Olsson sold 110,307 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 626,306 shares in the company, valued at $18,908,178.14. This represents a 14.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company's stock.

WillScot Mobile Mini Trading Down 3.8%

WSC opened at $26.71 on Monday. WillScot Mobile Mini Holdings Corp. has a 1-year low of $21.91 and a 1-year high of $43.80. The stock has a market capitalization of $4.87 billion, a PE ratio of 178.08, a PEG ratio of 2.18 and a beta of 1.25. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The firm has a 50-day moving average price of $26.57 and a two-hundred day moving average price of $31.37.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate 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 company had revenue of $559.55 million for the quarter, compared to the consensus estimate of $555.51 million. During the same period last year, the company earned $0.29 earnings per share. WillScot Mobile Mini's revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.05%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio is 311.11%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Robert W. Baird dropped their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. William Blair reiterated a "market perform" rating on shares of WillScot Mobile Mini in a research report on Thursday, May 29th. Barclays reduced 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 upped 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, Oppenheimer dropped 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 report on Monday, March 10th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.63.

About WillScot Mobile Mini

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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