Aigen Investment Management LP Invests $872,000 in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Aigen Investment Management LP bought a new position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 26,073 shares of the company's stock, valued at approximately $872,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its position in shares of WillScot Mobile Mini by 16.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company's stock worth $80,000 after purchasing an additional 302 shares during the period. Jones Financial Companies Lllp lifted its position in shares of WillScot Mobile Mini by 93.5% in the 4th 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 during the period. KBC Group NV lifted its position in shares of WillScot Mobile Mini by 14.7% in the 3rd quarter. KBC Group NV now owns 5,110 shares of the company's stock worth $192,000 after purchasing an additional 655 shares during the period. Stephens Inc. AR purchased a new stake in shares of WillScot Mobile Mini in the 3rd quarter worth approximately $200,000. Finally, FourThought Financial Partners LLC purchased a new stake in shares of WillScot Mobile Mini in the 4th quarter worth approximately $216,000. 95.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, 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 research report on Tuesday, December 17th. Five 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $44.22.

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Insiders Place Their Bets

In other news, insider Graeme Parkes sold 2,900 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the sale, the insider now owns 72,818 shares in the company, valued at $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.30% of the company's stock.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ WSC traded down $1.64 during midday trading on Friday, reaching $28.07. The company had a trading volume of 5,550,119 shares, compared to its average volume of 2,363,632. The business's 50-day simple moving average is $35.49 and its 200 day simple moving average is $36.70. The stock has a market cap of $5.15 billion, a P/E ratio of 187.15, a P/E/G ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini Holdings Corp. has a 1 year low of $27.58 and a 1 year high of $47.18. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. The business had revenue of $602.52 million during the quarter, compared to analysts' expectations of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. On average, 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 declared a -- dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is currently 186.67%.

WillScot Mobile Mini 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.