Geneva Capital Management LLC Makes New Investment in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Geneva Capital Management LLC acquired a new position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in the fourth quarter, Holdings Channel reports. The fund acquired 693,399 shares of the company’s stock, valued at approximately $23,194,000.

A number of other institutional investors have also added to or reduced their stakes in WSC. First Horizon Advisors Inc. boosted its stake in WillScot Mobile Mini by 16.4% in the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after acquiring an additional 302 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in WillScot Mobile Mini by 93.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,303 shares of the company’s stock valued at $77,000 after acquiring an additional 1,113 shares during the last quarter. KBC Group NV boosted its stake in WillScot Mobile Mini by 14.7% in the third quarter. KBC Group NV now owns 5,110 shares of the company’s stock valued at $192,000 after acquiring an additional 655 shares during the last quarter. Stephens Inc. AR purchased a new position in WillScot Mobile Mini in the third quarter valued at about $200,000. Finally, FourThought Financial Partners LLC purchased a new position in WillScot Mobile Mini in the fourth quarter valued at about $216,000. 95.81% of the stock is owned by institutional investors.

WillScot Mobile Mini Stock Performance

Shares of WSC stock opened at $30.30 on Thursday. The stock has a market capitalization of $5.56 billion, a P/E ratio of 202.01, 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. The firm’s 50 day moving average is $35.69 and its 200 day moving average is $36.82. WillScot Mobile Mini Holdings Corp. has a 12 month low of $28.85 and a 12 month high of $47.91.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $602.52 million for the quarter, compared to analysts’ expectations of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. On average, sell-side 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 — dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio (DPR) is presently 186.67%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.22.

Insider Buying and Selling

In related news, insider Graeme Parkes sold 2,900 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the sale, the insider now owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.30% of the stock is currently owned by insiders.

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.