Malaga Cove Capital LLC Has $1.26 Million Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Malaga Cove Capital LLC lifted its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 221.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,774 shares of the company’s stock after acquiring an additional 26,039 shares during the quarter. Malaga Cove Capital LLC’s holdings in WillScot Mobile Mini were worth $1,264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its position 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 worth $77,000 after buying an additional 1,113 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in WillScot Mobile Mini during the fourth quarter worth approximately $154,000. Headlands Technologies LLC acquired a new position in WillScot Mobile Mini during the fourth quarter worth approximately $174,000. FourThought Financial Partners LLC acquired a new position in WillScot Mobile Mini during the fourth quarter worth approximately $216,000. Finally, Stephens Inc. AR increased its position 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 during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 10,000 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was purchased at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the purchase, the chief executive officer now directly owns 128,817 shares of the company’s stock, valued at approximately $3,451,007.43. This trade represents a 8.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Erik Olsson sold 110,307 shares of the company’s stock in a transaction 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 owns 626,306 shares of the company’s stock, valued at $18,908,178.14. The trade was a 14.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley boosted their price target on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Monday. Barclays lowered their price target on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, April 4th. Oppenheimer decreased 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. Finally, Robert W. Baird decreased their target price on 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. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.63.

WillScot Mobile Mini Trading Up 2.2%

Shares of WSC stock opened at $30.30 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. The stock has a market cap of $5.56 billion, a P/E ratio of 202.01, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The stock has a 50 day simple moving average of $26.80 and a 200 day simple moving average of $32.89. WillScot Mobile Mini Holdings Corp. has a 1 year low of $21.91 and a 1 year high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.04). The company had revenue of $559.55 million during the quarter, compared to the consensus estimate of $555.51 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. On average, 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini’s dividend payout ratio (DPR) is currently 311.11%.

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.