One68 Global Capital LLC Buys New Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

One68 Global Capital LLC purchased a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 25,000 shares of the company's stock, valued at approximately $836,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Impax Asset Management Group plc purchased a new position in shares of WillScot Mobile Mini in the fourth quarter valued at $7,192,000. New York Life Investment Management LLC acquired a new position in WillScot Mobile Mini in the 4th quarter worth $679,000. Geneva Capital Management LLC purchased a new position in WillScot Mobile Mini in the 4th quarter valued at about $23,194,000. River Road Asset Management LLC grew its stake in shares of WillScot Mobile Mini by 14.7% during the fourth quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock valued at $54,081,000 after acquiring an additional 206,962 shares in the last quarter. Finally, TCW Group Inc. increased its position in shares of WillScot Mobile Mini by 20.1% during the fourth quarter. TCW Group Inc. now owns 46,436 shares of the company's stock worth $1,553,000 after acquiring an additional 7,763 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays lowered 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. Robert W. Baird decreased their price target on shares of 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. Oppenheimer cut their price target on shares of 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, Morgan Stanley decreased their price objective on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, WillScot Mobile Mini has a consensus rating of "Moderate Buy" and a consensus price target of $40.50.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ:WSC traded up $1.67 on Friday, reaching $27.30. 3,480,587 shares of the company's stock were exchanged, compared to its average volume of 2,716,979. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $21.91 and a fifty-two week high of $43.80. The business's 50-day moving average is $27.34 and its two-hundred day moving average is $33.37. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 182.01, a PEG ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued 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). The business had revenue of $559.55 million during the quarter, compared to the consensus estimate of $555.51 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The business's revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. As a group, equities research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio is presently 311.11%.

Insider Buying and Selling at WillScot Mobile Mini

In other WillScot Mobile Mini news, COO Timothy D. Boswell purchased 5,000 shares of WillScot Mobile Mini stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the transaction, the chief operating officer now owns 34,156 shares of the company's stock, valued at $995,305.84. The trade was a 17.15 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction dated 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 in the company, valued at approximately $18,908,178.14. This represents a 14.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by company insiders.

About WillScot Mobile Mini

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.