Pier Capital LLC Raises Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Pier Capital LLC lifted its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,753 shares of the company’s stock after purchasing an additional 4,378 shares during the period. Pier Capital LLC owned 0.12% of WillScot Mobile Mini worth $7,685,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WSC. Impax Asset Management Group plc bought a new position in shares of WillScot Mobile Mini in the fourth quarter worth approximately $7,192,000. New York Life Investment Management LLC bought a new position in WillScot Mobile Mini in the 4th quarter worth $679,000. Geneva Capital Management LLC purchased a new stake in WillScot Mobile Mini in the 4th quarter worth $23,194,000. River Road Asset Management LLC increased its stake in WillScot Mobile Mini by 14.7% in 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, Douglass Winthrop Advisors LLC lifted its position in shares of WillScot Mobile Mini by 32.4% in the third quarter. Douglass Winthrop Advisors LLC now owns 165,143 shares of the company’s stock valued at $6,209,000 after acquiring an additional 40,393 shares in the last quarter. 95.81% of the stock is owned by institutional investors.

Insider Transactions at WillScot Mobile Mini

In other news, COO Timothy D. Boswell acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the purchase, the chief operating officer now directly owns 34,156 shares of the company’s stock, valued at $995,305.84. This represents a 17.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erik Olsson sold 110,307 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the completion of the sale, the director now directly owns 626,306 shares in the company, valued at approximately $18,908,178.14. This represents a 14.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Trading Up 2.9 %

Shares of WSC opened at $30.60 on Tuesday. The stock has a market capitalization of $5.62 billion, a PE ratio of 204.01, a P/E/G ratio of 2.18 and a beta of 1.45. The company’s fifty day moving average is $34.61 and its 200 day moving average is $36.07. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $27.58 and a fifty-two week high of $46.75.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm had revenue of $602.52 million for the quarter, compared to the consensus estimate of $606.55 million. Sell-side analysts expect 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 disclosed a — dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini’s payout ratio is 186.67%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Oppenheimer cut their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Robert W. Baird cut 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 report on Monday, March 10th. Finally, Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.67.

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.