Proficio Capital Partners LLC Takes Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Proficio Capital Partners LLC purchased a new stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,912 shares of the company's stock, valued at approximately $432,000.

A number of other institutional investors also recently modified their holdings of WSC. Swedbank AB raised its holdings in WillScot Mobile Mini by 229.2% during the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company's stock valued at $121,298,000 after acquiring an additional 2,246,000 shares during the period. Van Berkom & Associates Inc. purchased a new stake in shares of WillScot Mobile Mini during the 4th quarter valued at $58,855,000. Douglas Lane & Associates LLC raised its position in WillScot Mobile Mini by 379.1% during the fourth quarter. Douglas Lane & Associates LLC now owns 997,693 shares of the company's stock valued at $33,373,000 after purchasing an additional 789,445 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in WillScot Mobile Mini in the 3rd quarter worth approximately $20,773,000. Finally, Fisher Asset Management LLC lifted its holdings in shares of WillScot Mobile Mini by 58.3% in the 3rd quarter. Fisher Asset Management LLC now owns 1,043,055 shares of the company's stock worth $39,219,000 after acquiring an additional 384,270 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total value of $107,329.00. Following the completion of the transaction, the insider now owns 72,818 shares of the company's stock, valued at $2,694,994.18. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.30% of the company's stock.

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WillScot Mobile Mini Trading Up 1.0 %

WSC traded up $0.31 during midday trading on Tuesday, reaching $30.07. 4,740,464 shares of the company's stock traded hands, compared to its average volume of 2,398,558. WillScot Mobile Mini Holdings Corp. has a 52 week low of $27.58 and a 52 week high of $47.18. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The firm has a fifty day moving average of $35.42 and a two-hundred day moving average of $36.64. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 200.48, a P/E/G ratio of 2.18 and a beta of 1.45.

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

WillScot Mobile Mini Dividend Announcement

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

Analyst Upgrades and Downgrades

WSC has been the topic of several recent research reports. Oppenheimer reduced their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a report on Monday. Robert W. Baird reduced their price objective on WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Morgan Stanley raised WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company 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.