D. E. Shaw & Co. Inc. Acquires 1,137,890 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

D. E. Shaw & Co. Inc. increased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 1,246.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,229,196 shares of the company's stock after acquiring 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 SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Franklin Resources Inc. increased its position in WillScot Mobile Mini by 34.4% in the fourth quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock worth $345,020,000 after buying an additional 2,639,559 shares during the last quarter. William Blair Investment Management LLC increased its position in WillScot Mobile Mini by 13.6% in the fourth quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company's stock worth $185,831,000 after buying an additional 664,805 shares during the last quarter. FMR LLC increased its position in WillScot Mobile Mini by 12.0% in the fourth quarter. FMR LLC now owns 5,554,101 shares of the company's stock worth $185,785,000 after buying an additional 595,063 shares during the last quarter. Capital International Investors increased its position in WillScot Mobile Mini by 20.3% in the fourth quarter. Capital International Investors now owns 5,307,738 shares of the company's stock worth $177,544,000 after buying an additional 897,184 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of WillScot Mobile Mini by 4.8% in the fourth quarter. Ameriprise Financial Inc. now owns 4,832,316 shares of the company's stock worth $161,641,000 after acquiring an additional 223,462 shares during the period. 95.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at WillScot Mobile Mini

In other news, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction dated 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 sale, the director now owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. The trade was a 14.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Timothy D. Boswell bought 5,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $29.14 per share, with a total value of $145,700.00. Following the purchase, the chief operating officer now owns 34,156 shares in the company, valued at $995,305.84. The trade was a 17.15% increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.30% of the company's stock.

WillScot Mobile Mini Price Performance

NASDAQ WSC traded up $0.65 during trading hours on Tuesday, reaching $30.30. 2,753,156 shares of the stock traded hands, compared to its average volume of 2,713,649. The stock has a 50 day simple moving average of $26.79 and a two-hundred day simple moving average of $32.91. WillScot Mobile Mini Holdings Corp. has a 1 year low of $21.91 and a 1 year high of $43.80. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 202.01, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results 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). WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm had revenue of $559.55 million for the quarter, compared to analysts' expectations of $555.51 million. During the same quarter in the previous year, the business earned $0.29 EPS. The company's revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 0.92%. WillScot Mobile Mini's payout ratio is 311.11%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WSC. Morgan Stanley lifted their price objective on WillScot Mobile Mini from $38.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday. Oppenheimer dropped their price objective on 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. Barclays dropped 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. Finally, Robert W. Baird dropped their price objective 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.