Point72 Asset Management L.P. Acquires 399,995 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Point72 Asset Management L.P. lifted its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 72.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 952,468 shares of the company's stock after purchasing an additional 399,995 shares during the quarter. Point72 Asset Management L.P. owned 0.52% of WillScot Mobile Mini worth $31,860,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings in shares of WillScot Mobile Mini by 93.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after purchasing an additional 1,113 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in WillScot Mobile Mini in the 4th quarter valued at approximately $154,000. Headlands Technologies LLC bought a new stake in WillScot Mobile Mini in the 4th quarter valued at approximately $174,000. FourThought Financial Partners LLC acquired a new position in WillScot Mobile Mini during the 4th quarter worth approximately $216,000. Finally, Stephens Inc. AR grew its stake in shares of WillScot Mobile Mini by 23.0% during the 4th quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock worth $219,000 after acquiring an additional 1,222 shares in the last quarter. Institutional investors own 95.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WSC shares. Robert W. Baird decreased their price target 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. Barclays decreased their target price 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. Oppenheimer dropped 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 research report on Monday, March 10th. Finally, Morgan Stanley increased their price target on shares of WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $40.63.

WillScot Mobile Mini Stock Performance

Shares of WSC traded down $1.58 during trading hours on Wednesday, hitting $27.17. The company had a trading volume of 1,560,790 shares, compared to its average volume of 2,700,108. The business has a fifty day moving average of $26.82 and a 200-day moving average of $32.61. 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 cap of $4.99 billion, a price-to-earnings ratio of 181.15, a PEG ratio of 2.18 and a beta of 1.28. WillScot Mobile Mini Holdings Corp. has a 12 month low of $21.91 and a 12 month high of $43.80.

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 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 company had revenue of $559.55 million for the quarter, compared to analyst estimates of $555.51 million. During the same quarter last year, the business earned $0.29 earnings per share. The company's revenue was down 4.7% on a year-over-year basis. Equities analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders 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 1.03%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini's dividend payout ratio is 311.11%.

Insiders Place Their Bets

In related news, Director Erik Olsson sold 110,307 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was 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 of the company's stock, valued at $18,908,178.14. This represents a 14.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Bradley Lee Soultz acquired 10,000 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost 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 ownership of the stock. The disclosure for this purchase can be found here. Company 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.