WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Bought by Maren Capital LLC

Maren Capital LLC boosted its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 74.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 462,674 shares of the company's stock after acquiring an additional 197,843 shares during the period. WillScot Mobile Mini accounts for about 1.2% of Maren Capital LLC's portfolio, making the stock its 17th largest holding. Maren Capital LLC owned approximately 0.25% of WillScot Mobile Mini worth $15,476,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in WSC. Impax Asset Management Group plc acquired a new stake in WillScot Mobile Mini in the 4th quarter valued at approximately $7,192,000. New York Life Investment Management LLC acquired a new position in WillScot Mobile Mini in the 4th quarter valued at about $679,000. Geneva Capital Management LLC acquired a new position in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $23,194,000. River Road Asset Management LLC boosted its position 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 valued at $54,081,000 after buying an additional 206,962 shares during the period. Finally, TCW Group Inc. increased its holdings in WillScot Mobile Mini by 20.1% during the 4th quarter. TCW Group Inc. now owns 46,436 shares of the company's stock worth $1,553,000 after purchasing an additional 7,763 shares during the period. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

WillScot Mobile Mini Stock Performance

Shares of WSC traded down $0.10 during mid-day trading on Friday, reaching $24.69. 3,072,906 shares of the company's stock were exchanged, compared to its average volume of 2,712,795. The business's fifty day simple moving average is $31.18 and its 200-day simple moving average is $34.72. The stock has a market capitalization of $4.53 billion, a PE 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 52-week low of $21.91 and a 52-week high of $43.80. 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 announced its 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 return on equity of 24.67% and a net margin of 1.17%. The company had revenue of $602.52 million for the quarter, compared to the consensus estimate of $606.55 million. On average, equities research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Announces Dividend

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

Insider Transactions at WillScot Mobile Mini

In related news, COO Timothy D. Boswell acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $29.14 per share, with a total value of $145,700.00. Following the completion of the acquisition, the chief operating officer now 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 purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total value of $3,330,168.33. Following the sale, the director now directly owns 626,306 shares in the company, valued at $18,908,178.14. This trade represents a 14.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.30% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on WSC shares. Robert W. Baird lowered their price target on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Morgan Stanley raised WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $40.00 to $50.00 in a report on Tuesday, December 17th. Barclays lowered their price objective on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Finally, Oppenheimer cut their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.00.

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.