Altrinsic Global Advisors LLC Purchases New Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Altrinsic Global Advisors LLC acquired a new position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 130,789 shares of the company’s stock, valued at approximately $4,375,000. Altrinsic Global Advisors LLC owned approximately 0.07% of WillScot Mobile Mini at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in WSC. Jones Financial Companies Lllp increased its position in shares of 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 purchasing an additional 1,113 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of WillScot Mobile Mini during the fourth quarter worth $154,000. Headlands Technologies LLC purchased a new stake in shares of WillScot Mobile Mini during the fourth quarter worth $174,000. FourThought Financial Partners LLC acquired a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at about $216,000. Finally, Stephens Inc. AR lifted its stake 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 buying an additional 1,222 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Performance

Shares of WillScot Mobile Mini stock opened at $22.51 on Wednesday. The business’s fifty day simple moving average is $29.23 and its 200-day simple moving average is $34.01. 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 cap of $4.13 billion, a PE ratio of 150.08, 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.

WillScot Mobile Mini (NASDAQ:WSC) last announced 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 analyst estimates of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. Equities analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Dividend Announcement

The company also recently declared a — dividend, which was paid on Wednesday, March 19th. Shareholders 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 (DPR) is 186.67%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley cut their price objective on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Robert W. Baird cut their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, March 10th. Oppenheimer lowered their price objective on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. Finally, Barclays reduced their price target on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, April 4th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Insider Transactions at WillScot Mobile Mini

In related news, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction that occurred on 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 completion of the transaction, the director now owns 626,306 shares in the company, valued at approximately $18,908,178.14. The trade was a 14.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Timothy D. Boswell bought 5,000 shares of WillScot Mobile Mini stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the acquisition, the chief operating officer now owns 34,156 shares in the company, valued at $995,305.84. This represents a 17.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.30% of the company’s stock.

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.