50,983 Shares in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Acquired by Gallo Partners LP

Gallo Partners LP acquired a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,983 shares of the company's stock, valued at approximately $1,705,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WSC. Barclays PLC grew its holdings in shares of WillScot Mobile Mini by 770.3% during the third quarter. Barclays PLC now owns 353,485 shares of the company's stock valued at $13,292,000 after purchasing an additional 312,867 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of WillScot Mobile Mini during the third quarter valued at $468,000. Tidal Investments LLC grew its position in shares of WillScot Mobile Mini by 44.6% during the third quarter. Tidal Investments LLC now owns 11,975 shares of the company's stock worth $450,000 after acquiring an additional 3,692 shares during the last quarter. Retirement Systems of Alabama lifted its position in WillScot Mobile Mini by 7.9% in the 3rd quarter. Retirement Systems of Alabama now owns 124,985 shares of the company's stock valued at $4,699,000 after purchasing an additional 9,159 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $279,000. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Mobile Mini Price Performance

NASDAQ WSC traded up $1.67 on Friday, reaching $27.30. The company's stock had a trading volume of 3,480,587 shares, compared to its average volume of 2,716,979. WillScot Mobile Mini Holdings Corp. has a twelve month low of $21.91 and a twelve month high of $43.80. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The firm's 50 day moving average is $27.34 and its two-hundred day moving average is $33.37. The stock has a market cap of $5.01 billion, a PE ratio of 182.01, a PEG ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). The business had revenue of $559.55 million for 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%. The company's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 earnings per share. As a group, sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio (DPR) is currently 311.11%.

Insider Activity

In other WillScot Mobile Mini news, COO Timothy D. Boswell acquired 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $29.14 per share, with a total value of $145,700.00. Following the purchase, the chief operating officer now owns 34,156 shares in the company, valued at approximately $995,305.84. The trade was a 17.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Erik Olsson sold 110,307 shares of the company's stock in a transaction dated 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 owns 626,306 shares in the company, valued at $18,908,178.14. This represents a 14.97 % decrease in their position. The disclosure for this sale can be found here. 3.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WSC. Morgan Stanley reduced their price objective on WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barclays reduced 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 report on Friday, April 4th. Robert W. Baird lowered their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Finally, Oppenheimer reduced 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. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.50.

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.