Turtle Creek Asset Management Inc. Boosts Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Turtle Creek Asset Management Inc. raised its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 23.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,594,848 shares of the company’s stock after acquiring an additional 693,243 shares during the period. WillScot Mobile Mini makes up 3.1% of Turtle Creek Asset Management Inc.’s investment portfolio, making the stock its 19th biggest holding. Turtle Creek Asset Management Inc. owned 1.95% of WillScot Mobile Mini worth $120,248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Impax Asset Management Group plc purchased a new position in shares of WillScot Mobile Mini during the 4th quarter worth approximately $7,192,000. New York Life Investment Management LLC purchased a new position in shares of WillScot Mobile Mini during the 4th quarter worth approximately $679,000. Geneva Capital Management LLC purchased a new position in shares of WillScot Mobile Mini during the 4th quarter worth approximately $23,194,000. River Road Asset Management LLC raised its stake in shares of WillScot Mobile Mini by 14.7% during the 4th quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company’s stock worth $54,081,000 after buying an additional 206,962 shares in the last quarter. Finally, TCW Group Inc. raised its stake in shares of 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 buying an additional 7,763 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Trading Up 1.3%

Shares of WillScot Mobile Mini stock opened at $29.94 on Friday. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $21.91 and a fifty-two week high of $43.80. The firm has a market cap of $5.50 billion, a PE ratio of 199.61, a P/E/G ratio of 2.18 and a beta of 1.28. The business’s fifty day moving average is $26.83 and its two-hundred day moving average is $32.69. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.04). The firm had revenue of $559.55 million during the quarter, compared to analysts’ expectations of $555.51 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. Analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini’s dividend payout ratio (DPR) is currently 311.11%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on WSC shares. Morgan Stanley increased their target price on WillScot Mobile Mini from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, May 12th. Oppenheimer lowered their price target 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. Robert W. Baird lowered their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Finally, 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 report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.63.

Insider Buying and Selling

In related news, COO Timothy D. Boswell acquired 5,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bradley Lee Soultz bought 10,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $26.79 per share, with a total value 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 represents a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company’s stock.

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.