WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Bought by Malaga Cove Capital LLC

Malaga Cove Capital LLC increased its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 221.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 37,774 shares of the company's stock after purchasing an additional 26,039 shares during the quarter. Malaga Cove Capital LLC's holdings in WillScot Mobile Mini were worth $1,264,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Barclays PLC lifted its holdings in shares of WillScot Mobile Mini by 770.3% in the 3rd quarter. Barclays PLC now owns 353,485 shares of the company's stock worth $13,292,000 after buying an additional 312,867 shares during the period. Rockingstone Advisors LLC lifted its holdings in shares of WillScot Mobile Mini by 7.5% in the 4th quarter. Rockingstone Advisors LLC now owns 29,515 shares of the company's stock worth $987,000 after buying an additional 2,070 shares during the period. Legacy Wealth Asset Management LLC lifted its holdings in shares of WillScot Mobile Mini by 33.8% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 15,456 shares of the company's stock worth $517,000 after buying an additional 3,905 shares during the period. Avanza Fonder AB purchased a new stake in shares of WillScot Mobile Mini in the 4th quarter worth $224,000. Finally, KBC Group NV lifted its holdings in shares of WillScot Mobile Mini by 53.7% in the 4th quarter. KBC Group NV now owns 7,854 shares of the company's stock worth $263,000 after buying an additional 2,744 shares during the period. Institutional investors own 95.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Robert W. Baird decreased 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. Morgan Stanley upped their price objective on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Barclays decreased their price objective on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Finally, Oppenheimer decreased their price objective on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.63.

Insider Activity

In other news, Director Erik Olsson sold 110,307 shares of the stock in a transaction dated 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 transaction, the director now directly owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. This represents a 14.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bradley Lee Soultz bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company's stock.

WillScot Mobile Mini Stock Up 1.3%

WillScot Mobile Mini stock traded up $0.38 during midday trading on Friday, reaching $29.94. The company's stock had a trading volume of 1,586,432 shares, compared to its average volume of 2,711,817. The stock's 50-day simple moving average is $26.83 and its 200-day simple moving average is $32.73. 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 52-week low of $21.91 and a 52-week high of $43.80. The stock has a market capitalization of $5.50 billion, a P/E ratio of 199.61, a PEG ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $559.55 million during the quarter, compared to analyst estimates of $555.51 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 earnings per share. On average, sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio is presently 311.11%.

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.