Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 8,883 WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,883 shares of the company's stock, valued at approximately $297,000.

Several other large investors have also modified their holdings of WSC. Jones Financial Companies Lllp lifted its holdings in WillScot Mobile Mini by 93.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after acquiring an additional 1,113 shares during the period. First Horizon Advisors Inc. increased its holdings 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 valued at $80,000 after purchasing an additional 302 shares in the last quarter. FourThought Financial Partners LLC acquired a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at about $216,000. Stephens Inc. AR boosted its holdings in WillScot Mobile Mini by 23.0% during the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock worth $219,000 after buying an additional 1,222 shares in the last quarter. Finally, Avanza Fonder AB purchased a new stake in WillScot Mobile Mini during the fourth quarter worth about $224,000. Hedge funds and other institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Trading Up 0.5 %

WSC stock traded up $0.16 during midday trading on Thursday, hitting $29.31. The stock had a trading volume of 2,287,862 shares, compared to its average volume of 2,585,581. WillScot Mobile Mini Holdings Corp. has a 12-month low of $27.58 and a 12-month high of $46.75. The firm has a market cap of $5.38 billion, a PE ratio of 195.41, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. The company's 50-day moving average price is $34.37 and its 200 day moving average price is $35.98. 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 released its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm had revenue of $602.52 million during the quarter, compared to analyst estimates of $606.55 million. On average, equities research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The company also recently announced a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio (DPR) is currently 186.67%.

Insider Activity at WillScot Mobile Mini

In other news, COO Timothy D. Boswell bought 5,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the acquisition, the chief operating officer now owns 34,156 shares of the company's stock, valued at $995,305.84. This trade represents a 17.15 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Erik Olsson sold 110,307 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the director now owns 626,306 shares in the company, 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. 3.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on WSC. Oppenheimer reduced their price target on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Morgan Stanley upgraded shares of 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. Finally, Robert W. Baird lowered their price target on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.67.

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.