Central Securities Corp Acquires New Shares in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Central Securities Corp bought a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 225,000 shares of the company's stock, valued at approximately $7,526,000. WillScot Mobile Mini comprises approximately 0.7% of Central Securities Corp's holdings, making the stock its 28th biggest holding. Central Securities Corp owned about 0.12% of WillScot Mobile Mini as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Impax Asset Management Group plc bought a new position in WillScot Mobile Mini during the 4th quarter worth $7,192,000. New York Life Investment Management LLC acquired a new position in shares of WillScot Mobile Mini in the fourth quarter valued at about $679,000. Geneva Capital Management LLC bought a new position in WillScot Mobile Mini during the fourth quarter worth about $23,194,000. River Road Asset Management LLC raised its stake in WillScot Mobile Mini by 14.7% in the 4th quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock worth $54,081,000 after purchasing an additional 206,962 shares in the last quarter. Finally, TCW Group Inc. boosted its holdings in WillScot Mobile Mini by 20.1% in the 4th quarter. TCW Group Inc. now owns 46,436 shares of the company's stock valued at $1,553,000 after purchasing an additional 7,763 shares during the period. Institutional investors own 95.81% of the company's stock.

Insider Buying and Selling at WillScot Mobile Mini

In other news, 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 price of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the acquisition, the chief operating officer now directly owns 34,156 shares in the company, valued at approximately $995,305.84. This trade represents a 17.15 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the transaction, the director now directly owns 626,306 shares in the company, valued at $18,908,178.14. The trade was a 14.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.30% of the company's stock.

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WillScot Mobile Mini Trading Down 0.4 %

WSC stock traded down $0.10 during mid-day trading on Friday, reaching $24.69. The company's stock had a trading volume of 3,072,906 shares, compared to its average volume of 2,712,795. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 164.61, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. WillScot Mobile Mini Holdings Corp. has a 12 month low of $21.91 and a 12 month high of $43.80. The business's 50 day moving average price is $31.18 and its 200 day moving average price is $34.72. 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 for the quarter, beating the consensus estimate of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm had revenue of $602.52 million during the quarter, compared to the consensus estimate of $606.55 million. On average, equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Dividend Announcement

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

Wall Street Analysts Forecast Growth

WSC has been the topic of a number of research analyst reports. Morgan Stanley raised WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Robert W. Baird lowered their target price 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. Barclays decreased their price target on shares of 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. Finally, Oppenheimer dropped their price objective on shares of 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. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $42.00.

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.