Fox Run Management L.L.C. Takes $612,000 Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Fox Run Management L.L.C. acquired a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,283 shares of the company’s stock, valued at approximately $612,000.

Other institutional investors have also recently bought and sold shares of the company. Carnegie Lake Advisors LLC boosted its position in shares of 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 purchasing an additional 280 shares in the last quarter. First Horizon Advisors Inc. raised its stake in WillScot Mobile Mini by 16.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after buying an additional 302 shares during the period. Sciencast Management LP lifted its holdings in WillScot Mobile Mini by 0.9% during the fourth quarter. Sciencast Management LP now owns 56,961 shares of the company’s stock worth $1,905,000 after acquiring an additional 491 shares in the last quarter. Jones Financial Companies Lllp grew its stake in WillScot Mobile Mini by 93.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock valued at $77,000 after acquiring an additional 1,113 shares during the period. Finally, Stephens Inc. AR increased its holdings in shares of WillScot Mobile Mini by 23.0% in the fourth quarter. Stephens Inc. AR now owns 6,544 shares of the company’s stock worth $219,000 after acquiring an additional 1,222 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Insider Activity

In other 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 sale, the director now directly owns 626,306 shares of the company’s stock, valued at approximately $18,908,178.14. This represents a 14.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Timothy D. Boswell purchased 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $29.14 per share, with a total value of $145,700.00. Following the acquisition, the chief operating officer now directly owns 34,156 shares of the company’s stock, valued at $995,305.84. This trade represents a 17.15 % increase in their position. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WSC shares. Oppenheimer cut their price objective on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Finally, Robert W. Baird lowered their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Five equities research analysts have rated the stock with a hold rating and five have given 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 $42.67.

WillScot Mobile Mini Stock Performance

Shares of WSC opened at $30.60 on Tuesday. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 204.01, a PEG ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini Holdings Corp. has a 12 month low of $27.58 and a 12 month high of $46.75. The firm has a fifty day simple moving average of $34.61 and a 200 day simple moving average of $36.07. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data 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 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%. Research analysts forecast 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 disclosed 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 currently 186.67%.

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.