Malaga Cove Capital LLC Buys 26,039 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Malaga Cove Capital LLC grew its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 221.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,774 shares of the company's stock after buying an additional 26,039 shares during the period. Malaga Cove Capital LLC's holdings in WillScot Mobile Mini were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new position in WillScot Mobile Mini in the fourth quarter worth approximately $97,734,000. Franklin Resources Inc. boosted its holdings in WillScot Mobile Mini by 34.4% in the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock worth $345,020,000 after acquiring an additional 2,639,559 shares in the last quarter. Van Berkom & Associates Inc. bought a new position in WillScot Mobile Mini in the fourth quarter worth approximately $58,855,000. Invesco Ltd. boosted its holdings in WillScot Mobile Mini by 747.1% in the fourth quarter. Invesco Ltd. now owns 1,820,316 shares of the company's stock worth $60,890,000 after acquiring an additional 1,605,436 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in WillScot Mobile Mini by 1,246.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,229,196 shares of the company's stock worth $41,117,000 after acquiring an additional 1,137,890 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company's stock.

Insider Activity

In other news, COO Timothy D. Boswell acquired 5,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the acquisition, the chief operating officer now owns 34,156 shares of the company's stock, valued at $995,305.84. This trade represents a 17.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average price of $26.79 per share, with a total value of $267,900.00. Following the completion of the acquisition, 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 position. 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 $0.58 during trading hours on Monday, reaching $29.37. The stock had a trading volume of 328,071 shares, compared to its average volume of 2,705,147. 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 stock has a 50 day simple moving average of $26.83 and a 200 day simple moving average of $32.69. WillScot Mobile Mini Holdings Corp. has a 12-month low of $21.91 and a 12-month high of $43.80. The stock has a market cap of $5.39 billion, a P/E ratio of 195.93, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its earnings results 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 firm had revenue of $559.55 million during the quarter, compared to analysts' expectations of $555.51 million. During the same period in the prior year, the business earned $0.29 earnings per share. The business's quarterly revenue was down 4.7% compared to the same quarter last year. On average, research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The business also recently declared 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 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%.

Wall Street Analysts Forecast Growth

WSC has been the topic of several recent research reports. Morgan Stanley increased their price target on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Robert W. Baird dropped their target price 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. Oppenheimer dropped their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Finally, Barclays dropped their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Four 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.com, WillScot Mobile Mini currently has an average 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.