Mariner LLC Has $4.89 Million Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Mariner LLC lifted its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 66.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 146,294 shares of the company's stock after purchasing an additional 58,198 shares during the period. Mariner LLC owned 0.08% of WillScot Mobile Mini worth $4,893,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Carnegie Lake Advisors LLC boosted its holdings in WillScot Mobile Mini by 0.5% during the fourth quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company's stock worth $1,826,000 after buying an additional 280 shares during the last quarter. Sciencast Management LP boosted its stake in WillScot Mobile Mini by 0.9% during the 4th quarter. Sciencast Management LP now owns 56,961 shares of the company's stock worth $1,905,000 after acquiring an additional 491 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in WillScot Mobile Mini by 93.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company's stock valued at $77,000 after purchasing an additional 1,113 shares during the period. Stephens Inc. AR increased its stake in WillScot Mobile Mini by 23.0% in the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company's stock valued at $219,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Levin Capital Strategies L.P. raised its holdings in WillScot Mobile Mini by 17.0% in the fourth quarter. Levin Capital Strategies L.P. now owns 8,770 shares of the company's stock worth $293,000 after purchasing an additional 1,272 shares during the period. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Mobile Mini Stock Performance

Shares of WSC stock traded up $1.55 on Thursday, reaching $24.89. The stock had a trading volume of 2,219,898 shares, compared to its average volume of 2,727,541. WillScot Mobile Mini Holdings Corp. has a 12 month low of $21.91 and a 12 month high of $43.80. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 165.94, a P/E/G ratio of 2.18 and a beta of 1.25. The firm's 50-day moving average is $28.93 and its two-hundred day moving average is $33.93.

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

WillScot Mobile Mini Announces Dividend

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

Insider Buying and Selling

In related news, Director Erik Olsson sold 110,307 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total value of $3,330,168.33. Following the transaction, the director now directly owns 626,306 shares in the company, valued at approximately $18,908,178.14. This represents a 14.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Timothy D. Boswell acquired 5,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $29.14 per share, with a total value of $145,700.00. Following the purchase, the chief operating officer now directly owns 34,156 shares in the company, valued at approximately $995,305.84. This represents a 17.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Robert W. Baird decreased 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. Morgan Stanley decreased their price objective on WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Oppenheimer dropped 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, March 10th. Finally, Barclays reduced their price target on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, WillScot Mobile Mini currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.50.

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.