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

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

A number of other hedge funds have also added to or reduced their stakes in WSC. Advantage Alpha Capital Partners LP increased its position in WillScot Mobile Mini by 21.0% during the 4th quarter. Advantage Alpha Capital Partners LP now owns 220,193 shares of the company’s stock valued at $7,365,000 after purchasing an additional 38,287 shares during the period. Fox Run Management L.L.C. bought a new position in WillScot Mobile Mini in the fourth quarter worth approximately $612,000. KLP Kapitalforvaltning AS purchased a new stake in WillScot Mobile Mini during the fourth quarter worth $1,290,000. Sciencast Management LP boosted its position in WillScot Mobile Mini by 0.9% during the 4th quarter. Sciencast Management LP now owns 56,961 shares of the company’s stock valued at $1,905,000 after acquiring an additional 491 shares in the last quarter. Finally, Blueshift Asset Management LLC bought a new position in shares of WillScot Mobile Mini in the 4th quarter worth $759,000. 95.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Erik Olsson sold 110,307 shares of the business’s stock in a transaction 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 directly owns 626,306 shares in the company, valued at $18,908,178.14. The trade was a 14.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Timothy D. Boswell purchased 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. 3.30% of the stock is owned by corporate insiders.

WillScot Mobile Mini Trading Up 2.9 %

NASDAQ:WSC opened at $30.60 on Tuesday. The company has a market capitalization of $5.62 billion, a P/E ratio of 204.01, a PEG ratio of 2.18 and a beta of 1.45. 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 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.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results 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 analysts’ expectations of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. On average, equities research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current year.

WillScot Mobile Mini Announces Dividend

The company also recently announced a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.07 dividend. The ex-dividend date 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.