Geneva Capital Management LLC Buys New Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Geneva Capital Management LLC purchased a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 693,399 shares of the company's stock, valued at approximately $23,194,000. Geneva Capital Management LLC owned 0.38% of WillScot Mobile Mini at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its position in shares of WillScot Mobile Mini by 93.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock worth $77,000 after buying an additional 1,113 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in 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 during the last quarter. KBC Group NV boosted its position in WillScot Mobile Mini by 14.7% in the third quarter. KBC Group NV now owns 5,110 shares of the company's stock valued at $192,000 after buying an additional 655 shares in the last quarter. Stephens Inc. AR bought a new stake in shares of WillScot Mobile Mini during the third quarter worth $200,000. Finally, FourThought Financial Partners LLC bought a new position in shares of WillScot Mobile Mini in the 4th quarter valued at $216,000. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Mobile Mini Trading Up 6.0 %

WillScot Mobile Mini stock traded up $1.69 during mid-day trading on Monday, hitting $29.76. 8,760,132 shares of the stock were exchanged, compared to its average volume of 2,389,217. The firm's fifty day simple moving average is $35.49 and its two-hundred day simple moving average is $36.70. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a 12 month low of $27.58 and a 12 month high of $47.18. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 198.41, a PEG ratio of 2.18 and a beta of 1.45.

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WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share 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 the consensus estimate of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. Analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current 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 payout ratio is 186.67%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley upgraded WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Robert W. Baird reduced their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday. 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 report on Monday. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.67.

Insider Buying and Selling at WillScot Mobile Mini

In other news, insider Graeme Parkes sold 2,900 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the completion of the sale, the insider now owns 72,818 shares in the company, valued at $2,694,994.18. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.30% of the company's stock.

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.