Lighthouse Investment Partners LLC Makes New $990,000 Investment in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Lighthouse Investment Partners LLC acquired a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,585 shares of the company's stock, valued at approximately $990,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WSC. Barclays PLC raised its stake in 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 buying an additional 312,867 shares in the last quarter. Rockingstone Advisors LLC raised its stake in WillScot Mobile Mini by 7.5% during the fourth quarter. Rockingstone Advisors LLC now owns 29,515 shares of the company's stock valued at $987,000 after buying an additional 2,070 shares in the last quarter. Legacy Wealth Asset Management LLC raised its stake in WillScot Mobile Mini by 33.8% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 15,456 shares of the company's stock valued at $517,000 after buying an additional 3,905 shares in the last quarter. Avanza Fonder AB acquired a new stake in WillScot Mobile Mini during the fourth quarter valued at approximately $224,000. Finally, KBC Group NV raised its stake in WillScot Mobile Mini by 53.7% during the fourth quarter. KBC Group NV now owns 7,854 shares of the company's stock valued at $263,000 after buying an additional 2,744 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on WSC shares. Robert W. Baird cut their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Barclays lowered their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Morgan Stanley upped their target price on WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Finally, Oppenheimer lowered their target price on 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 given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $40.63.

WillScot Mobile Mini Stock Performance

WSC stock traded up $0.04 on Tuesday, reaching $29.29. The company's stock had a trading volume of 90,327 shares, compared to its average volume of 2,698,029. WillScot Mobile Mini Holdings Corp. has a 52 week low of $21.91 and a 52 week high of $43.80. The company has a market capitalization of $5.38 billion, a P/E ratio of 195.67, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The firm has a fifty day moving average of $26.82 and a two-hundred day moving average of $32.64. 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 issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (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 the consensus estimate of $555.51 million. During the same period last year, the company earned $0.29 earnings per share. The business's quarterly revenue was down 4.7% compared to the same quarter last year. As a group, analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio (DPR) is 311.11%.

Insider Buying and Selling

In other news, CEO Bradley Lee Soultz bought 10,000 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was purchased at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the transaction, the chief executive officer now directly owns 128,817 shares of the company's stock, valued at approximately $3,451,007.43. This trade represents a 8.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total value of $3,330,168.33. Following the completion of the sale, the director now owns 626,306 shares of the company's stock, valued at $18,908,178.14. This trade represents a 14.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company's stock.

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.