Connor Clark & Lunn Investment Management Ltd. Buys New Shares in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) during the fourth quarter, Holdings Channel reports. The firm purchased 8,883 shares of the company’s stock, valued at approximately $297,000.

Several other hedge funds have also recently added to or reduced their stakes in WSC. Carnegie Lake Advisors LLC boosted its stake in shares of WillScot Mobile Mini by 0.5% in the 4th quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company’s stock valued at $1,826,000 after purchasing an additional 280 shares in the last quarter. First Horizon Advisors Inc. boosted its position in WillScot Mobile Mini by 16.4% during the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after buying an additional 302 shares during the period. Jones Financial Companies Lllp grew its stake 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 valued at $77,000 after buying an additional 1,113 shares during the last quarter. Stephens Inc. AR increased its holdings 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 during the period. Finally, Levin Capital Strategies L.P. lifted its stake in shares of WillScot Mobile Mini by 17.0% in the 4th quarter. Levin Capital Strategies L.P. now owns 8,770 shares of the company’s stock valued at $293,000 after acquiring an additional 1,272 shares during the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Price Performance

Shares of WSC opened at $29.75 on Monday. The company has a market capitalization of $5.46 billion, a P/E ratio of 198.35, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. WillScot Mobile Mini Holdings Corp. has a twelve month low of $27.58 and a twelve month high of $46.75. 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 50 day moving average of $34.70 and a 200 day moving average of $36.12.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly 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. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The firm had revenue of $602.52 million during the quarter, compared to analysts’ expectations of $606.55 million. As a group, equities research analysts anticipate 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 declared 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 dividend payout ratio is presently 186.67%.

Insider Activity

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Oppenheimer reduced their price objective on shares of 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. Finally, Robert W. Baird decreased their target price on 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. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.67.

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.