D. E. Shaw & Co. Inc. Grows Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

D. E. Shaw & Co. Inc. boosted its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 1,246.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,229,196 shares of the company's stock after buying an additional 1,137,890 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.67% of WillScot Mobile Mini worth $41,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its position 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 valued at $77,000 after purchasing an additional 1,113 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in WillScot Mobile Mini in the fourth quarter valued at approximately $154,000. Headlands Technologies LLC bought a new stake in WillScot Mobile Mini in the fourth quarter valued at approximately $174,000. FourThought Financial Partners LLC bought a new stake in WillScot Mobile Mini in the fourth quarter valued at approximately $216,000. Finally, Stephens Inc. AR lifted its position in WillScot Mobile Mini by 23.0% in the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock valued at $219,000 after purchasing an additional 1,222 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Stock Up 1.2%

WSC traded up $0.37 during trading on Friday, reaching $29.93. The stock had a trading volume of 537,320 shares, compared to its average volume of 3,129,303. The stock's 50 day moving average is $26.83 and its two-hundred day moving average is $32.80. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 199.55, a P/E/G ratio of 2.18 and a beta of 1.28. WillScot Mobile Mini Holdings Corp. has a one year low of $21.91 and a one year high of $43.80.

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

WillScot Mobile Mini Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a $0.07 dividend. The ex-dividend date of this dividend 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%.

Insider Transactions at WillScot Mobile Mini

In other news, 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bradley Lee Soultz bought 10,000 shares of the business's stock in a transaction dated 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 completion of the purchase, 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 position. The disclosure for this purchase can be found here. Insiders own 3.30% of the company's stock.

Analyst Ratings Changes

Several 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 report on Friday, April 4th. Robert W. Baird lowered their price objective on 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 decreased their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Finally, Morgan Stanley upped their target price on WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, WillScot Mobile Mini presently has an average rating of "Moderate Buy" and an average target price of $40.63.

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.