WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Acquired by CastleKnight Management LP

CastleKnight Management LP increased its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 199.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,970 shares of the company's stock after acquiring an additional 23,300 shares during the period. CastleKnight Management LP's holdings in WillScot Mobile Mini were worth $1,170,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its position in shares of WillScot Mobile Mini by 93.5% during the 4th 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 during the last quarter. Canada Pension Plan Investment Board bought a new position in WillScot Mobile Mini during the fourth quarter valued at $154,000. Headlands Technologies LLC purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at $174,000. FourThought Financial Partners LLC bought a new stake in shares of WillScot Mobile Mini in the 4th quarter worth about $216,000. Finally, Stephens Inc. AR boosted 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 purchasing an additional 1,222 shares during the period. 95.81% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Erik Olsson sold 110,307 shares of the firm's stock in a transaction on 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 trade represents a 14.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bradley Lee Soultz purchased 10,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the purchase, the chief executive officer now directly owns 128,817 shares in the company, valued at $3,451,007.43. This trade represents a 8.42 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Oppenheimer decreased their price objective on shares of 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. Morgan Stanley dropped their price objective on WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Robert W. Baird reduced their target price on 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. Finally, Barclays lowered their price objective on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.50.

WillScot Mobile Mini Stock Down 2.8 %

WSC stock traded down $0.77 during trading on Friday, hitting $26.93. 2,740,310 shares of the company's stock traded hands, compared to its average volume of 2,702,856. WillScot Mobile Mini Holdings Corp. has a 1 year low of $21.91 and a 1 year high of $43.80. The business has a fifty day simple moving average of $26.80 and a two-hundred day simple moving average of $33.00. The firm has a market capitalization of $4.94 billion, a P/E ratio of 179.55, a PEG ratio of 2.18 and a beta of 1.28. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

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 for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). The company had revenue of $559.55 million for the quarter, compared to the consensus estimate of $555.51 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. WillScot Mobile Mini's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. Sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current 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 1.04%. WillScot Mobile Mini's payout ratio is 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.