TCW Group Inc. Grows Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

TCW Group Inc. lifted its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 20.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,436 shares of the company’s stock after buying an additional 7,763 shares during the period. TCW Group Inc.’s holdings in WillScot Mobile Mini were worth $1,553,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Carnegie Lake Advisors LLC grew its stake in shares of WillScot Mobile Mini by 0.5% in the fourth quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company’s stock worth $1,826,000 after purchasing an additional 280 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of WillScot Mobile Mini by 16.4% in the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after purchasing an additional 302 shares during the last quarter. KBC Group NV grew its stake in shares of WillScot Mobile Mini by 14.7% in the third quarter. KBC Group NV now owns 5,110 shares of the company’s stock worth $192,000 after purchasing an additional 655 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in shares of WillScot Mobile Mini by 4.9% in the third quarter. Verdence Capital Advisors LLC now owns 20,210 shares of the company’s stock worth $760,000 after purchasing an additional 936 shares during the last quarter. Finally, Financial Management Professionals Inc. bought a new stake in shares of WillScot Mobile Mini in the third quarter worth about $36,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Price Performance

Shares of WSC opened at $34.27 on Tuesday. The firm has a market cap of $6.33 billion, a PE ratio of 228.48, a P/E/G ratio of 2.18 and a beta of 1.41. 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 firm has a fifty day simple moving average of $35.97 and a two-hundred day simple moving average of $36.97. WillScot Mobile Mini Holdings Corp. has a 1-year low of $32.57 and a 1-year high of $48.52.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The company 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%. On average, equities analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued 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 (DPR) is presently 186.67%.

Insider Buying and Selling at WillScot Mobile Mini

In other news, insider Graeme Parkes sold 2,900 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the sale, the insider now directly owns 72,818 shares in the company, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on WSC. Barclays cut their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Finally, Robert W. Baird cut their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Five equities research 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.22.

About WillScot Mobile Mini

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.