Proficio Capital Partners LLC Makes New Investment in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Proficio Capital Partners LLC acquired a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,912 shares of the company's stock, valued at approximately $432,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in WillScot Mobile Mini by 2.3% in the 3rd quarter. State Street Corp now owns 3,346,779 shares of the company's stock valued at $125,839,000 after purchasing an additional 74,212 shares in the last quarter. Swedbank AB lifted its holdings in shares of WillScot Mobile Mini by 3.0% in the 4th quarter. Swedbank AB now owns 3,324,000 shares of the company's stock valued at $111,188,000 after buying an additional 98,000 shares during the period. Van Berkom & Associates Inc. purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $58,855,000. Charles Schwab Investment Management Inc. grew its holdings in WillScot Mobile Mini by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,568,835 shares of the company's stock worth $52,478,000 after acquiring an additional 35,665 shares during the period. Finally, Spyglass Capital Management LLC raised its position in WillScot Mobile Mini by 6.3% in the third quarter. Spyglass Capital Management LLC now owns 1,301,780 shares of the company's stock worth $48,947,000 after acquiring an additional 77,211 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock traded down $1.16 during mid-day trading on Friday, hitting $28.15. 2,513,366 shares of the company were exchanged, compared to its average volume of 2,622,444. WillScot Mobile Mini Holdings Corp. has a 12-month low of $27.58 and a 12-month high of $46.75. The company has a market capitalization of $5.17 billion, a P/E ratio of 187.68, a PEG ratio of 2.18 and a beta of 1.45. The business's 50 day simple moving average is $34.22 and its two-hundred day simple moving average is $35.93. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

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WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. The firm had revenue of $602.52 million during the quarter, compared to analysts' expectations of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. Analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is currently 186.67%.

Insider Buying and Selling

In other news, COO Timothy D. Boswell acquired 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, March 13th. The shares were acquired 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 directly owns 34,156 shares of the company's stock, valued at approximately $995,305.84. This trade represents a 17.15 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the director now owns 626,306 shares of the company's stock, valued at $18,908,178.14. The trade was a 14.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WSC. Oppenheimer lowered 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 note on Monday, March 10th. Morgan Stanley raised shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Finally, Robert W. Baird decreased their price target 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. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.67.

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.