WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Acquired by Turtle Creek Asset Management Inc.

Turtle Creek Asset Management Inc. increased its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 23.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,594,848 shares of the company’s stock after purchasing an additional 693,243 shares during the period. WillScot Mobile Mini accounts for about 3.1% of Turtle Creek Asset Management Inc.’s investment portfolio, making the stock its 19th biggest holding. Turtle Creek Asset Management Inc.’s holdings in WillScot Mobile Mini were worth $120,248,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of WSC. Carnegie Lake Advisors LLC raised its holdings in shares of WillScot Mobile Mini by 0.5% during the fourth quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company’s stock valued at $1,826,000 after buying an additional 280 shares during the last quarter. Sciencast Management LP raised its holdings in shares of WillScot Mobile Mini by 0.9% during the fourth quarter. Sciencast Management LP now owns 56,961 shares of the company’s stock valued at $1,905,000 after buying an additional 491 shares during the last quarter. State of Wyoming bought a new stake in shares of WillScot Mobile Mini during the fourth quarter valued at approximately $34,000. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of WillScot Mobile Mini by 0.3% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 344,914 shares of the company’s stock valued at $11,537,000 after buying an additional 1,070 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in WillScot Mobile Mini by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock worth $77,000 after purchasing an additional 1,113 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WillScot Mobile Mini

In other news, Director Erik Olsson sold 110,307 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total value of $3,330,168.33. Following the transaction, 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 can be accessed through this link. Also, COO Timothy D. Boswell purchased 5,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the purchase, the chief operating officer now directly 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 disclosure for this purchase can be found here. Company insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Price Performance

Shares of NASDAQ:WSC opened at $29.94 on Friday. The stock has a fifty day moving average of $26.83 and a 200-day moving average of $32.69. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. WillScot Mobile Mini Holdings Corp. has a one year low of $21.91 and a one year high of $43.80. The company has a market capitalization of $5.50 billion, a PE ratio of 199.61, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results 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 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 analyst estimates of $555.51 million. During the same period last year, the firm earned $0.29 earnings per share. WillScot Mobile Mini’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.94%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini’s dividend payout ratio (DPR) is currently 311.11%.

Wall Street Analyst Weigh In

Several brokerages recently commented on WSC. Morgan Stanley boosted their target price on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, May 12th. Barclays dropped their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, April 4th. Robert W. Baird dropped their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Finally, Oppenheimer dropped their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Four investment 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, the stock presently has an average rating of “Moderate Buy” and an average price target 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.