Driehaus Capital Management LLC Reduces Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Driehaus Capital Management LLC trimmed its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 398,682 shares of the company’s stock after selling 2,661 shares during the quarter. Driehaus Capital Management LLC owned 0.22% of WillScot Mobile Mini worth $13,336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp raised its position in shares of WillScot Mobile Mini by 93.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock worth $77,000 after acquiring 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 valued at about $154,000. Headlands Technologies LLC bought a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at about $174,000. FourThought Financial Partners LLC purchased a new position in shares of WillScot Mobile Mini in the 4th quarter worth approximately $216,000. Finally, Stephens Inc. AR raised its stake in shares of WillScot Mobile Mini by 23.0% during the 4th 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. 95.81% of the stock is currently owned by institutional investors.

WillScot Mobile Mini Price Performance

Shares of NASDAQ WSC opened at $26.93 on Friday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The firm has a market cap of $4.94 billion, a PE ratio of 179.55, a PEG ratio of 2.18 and a beta of 1.28. WillScot Mobile Mini Holdings Corp. has a one year low of $21.91 and a one year high of $43.80. The firm has a fifty day moving average of $26.80 and a 200 day moving average of $33.04.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.04). WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm had revenue of $559.55 million during the quarter, compared to analyst estimates of $555.51 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.28 annualized dividend and a yield of 1.04%. WillScot Mobile Mini’s dividend payout ratio (DPR) is presently 311.11%.

Insider Transactions at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the transaction, the chief executive officer now directly owns 128,817 shares of the company’s stock, valued at approximately $3,451,007.43. This trade represents a 8.42 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Timothy D. Boswell acquired 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the transaction, the chief operating officer now owns 34,156 shares of the company’s stock, valued at $995,305.84. This represents a 17.15 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

WSC has been the topic of several analyst reports. Barclays cut their price target on shares of 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. Oppenheimer dropped their target price 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. Morgan Stanley decreased their price target on WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, Robert W. Baird dropped their price target on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.50.

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.