Occudo Quantitative Strategies LP Buys Shares of 21,542 WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Occudo Quantitative Strategies LP acquired a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,542 shares of the company's stock, valued at approximately $721,000.

Other institutional investors also recently modified their holdings of the company. Carnegie Lake Advisors LLC lifted its stake in WillScot Mobile Mini by 0.5% during the fourth quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company's stock worth $1,826,000 after purchasing an additional 280 shares during the last quarter. Sciencast Management LP raised its holdings in shares of WillScot Mobile Mini by 0.9% during the 4th quarter. Sciencast Management LP now owns 56,961 shares of the company's stock valued at $1,905,000 after buying an additional 491 shares in the last quarter. Gilder Gagnon Howe & Co. LLC lifted its position in WillScot Mobile Mini by 0.3% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 344,914 shares of the company's stock worth $11,537,000 after buying an additional 1,070 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in WillScot Mobile Mini by 93.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after buying an additional 1,113 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in WillScot Mobile Mini by 23.0% in the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock worth $219,000 after buying an additional 1,222 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Robert W. Baird decreased their price target on shares of 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. Morgan Stanley increased their target price on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Barclays lowered their price target on shares of 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 cut their price target on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $40.63.

Insider Activity

In other news, CEO Bradley Lee Soultz bought 10,000 shares of the firm'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 transaction, the chief executive officer now owns 128,817 shares of the company's stock, valued at approximately $3,451,007.43. The trade was a 8.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Erik Olsson sold 110,307 shares of the stock in a transaction 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 transaction, the director now owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. This trade represents a 14.97% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.30% of the company's stock.

WillScot Mobile Mini Trading Up 1.3%

WillScot Mobile Mini stock traded up $0.38 during trading hours on Friday, reaching $29.94. The stock had a trading volume of 1,586,432 shares, compared to its average volume of 2,714,590. The company has a fifty day simple moving average of $26.83 and a 200-day simple moving average of $32.69. 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 cap of $5.50 billion, a PE ratio of 199.61, a PEG ratio of 2.18 and a beta of 1.28. 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 posted its 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 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 in the previous year, the business earned $0.29 earnings per share. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. Analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.94%. WillScot Mobile Mini's dividend payout ratio is currently 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.