WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC lessened its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 589,169 shares of the company's stock after selling 33,707 shares during the quarter. Granahan Investment Management LLC owned 0.32% of WillScot Mobile Mini worth $19,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Clearline Capital LP boosted its position in WillScot Mobile Mini by 153.9% during the fourth quarter. Clearline Capital LP now owns 317,524 shares of the company's stock worth $10,621,000 after purchasing an additional 192,473 shares during the period. Coliseum Capital Management LLC boosted its holdings in WillScot Mobile Mini by 46.9% in the 4th quarter. Coliseum Capital Management LLC now owns 2,024,100 shares of the company's stock worth $67,706,000 after buying an additional 646,232 shares during the period. D. E. Shaw & Co. Inc. grew its stake in WillScot Mobile Mini by 1,246.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,229,196 shares of the company's stock valued at $41,117,000 after buying an additional 1,137,890 shares in the last quarter. DC Investments Management LLC raised its holdings in WillScot Mobile Mini by 40.7% during the 4th quarter. DC Investments Management LLC now owns 113,530 shares of the company's stock valued at $3,798,000 after acquiring an additional 32,827 shares during the period. Finally, CastleKnight Management LP lifted its position in shares of WillScot Mobile Mini by 199.7% during the fourth quarter. CastleKnight Management LP now owns 34,970 shares of the company's stock worth $1,170,000 after acquiring an additional 23,300 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

Insider Buying and Selling

In related news, Director Erik Olsson sold 110,307 shares of the company'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 sale, the director now owns 626,306 shares of the company's stock, valued at $18,908,178.14. This represents a 14.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $26.79 per share, with a total value of $267,900.00. Following the completion of the purchase, the chief executive officer now directly owns 128,817 shares in the company, valued at approximately $3,451,007.43. This represents a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.30% of the stock is owned by company insiders.

WillScot Mobile Mini Stock Performance

NASDAQ WSC traded down $0.39 during trading hours on Thursday, hitting $29.59. The company's stock had a trading volume of 411,795 shares, compared to its average volume of 2,704,092. 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 Holdings Corp. has a 12 month low of $21.91 and a 12 month high of $43.80. The company has a market cap of $5.43 billion, a P/E ratio of 197.25, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The company's 50 day simple moving average is $26.84 and its two-hundred day simple moving average is $32.87.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (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 in the prior year, the firm posted $0.29 EPS. The business's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio (DPR) is presently 311.11%.

Analyst Upgrades and Downgrades

WSC has been the subject of several recent research reports. 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. Oppenheimer decreased their price target on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research 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 company an "overweight" rating in a research note on Monday. Finally, Robert W. Baird reduced their target price 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.63.

WillScot Mobile Mini Company 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.