TCW Group Inc. Raises Stock Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

TCW Group Inc. lifted its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 20.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,436 shares of the company’s stock after acquiring an additional 7,763 shares during the quarter. TCW Group Inc.’s holdings in WillScot Mobile Mini were worth $1,553,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Van Berkom & Associates Inc. purchased a new position in shares of WillScot Mobile Mini during the fourth quarter worth approximately $58,855,000. Handelsbanken Fonder AB boosted its stake in shares of WillScot Mobile Mini by 18.7% during the fourth quarter. Handelsbanken Fonder AB now owns 45,773 shares of the company’s stock valued at $1,531,000 after purchasing an additional 7,200 shares in the last quarter. Mraz Amerine & Associates Inc. boosted its stake in shares of WillScot Mobile Mini by 144.5% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 16,507 shares of the company’s stock valued at $552,000 after purchasing an additional 9,757 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of WillScot Mobile Mini by 13.5% during the fourth quarter. Sanctuary Advisors LLC now owns 18,575 shares of the company’s stock valued at $687,000 after purchasing an additional 2,206 shares in the last quarter. Finally, Empire Life Investments Inc. boosted its stake in shares of WillScot Mobile Mini by 3.5% during the fourth quarter. Empire Life Investments Inc. now owns 567,104 shares of the company’s stock valued at $18,970,000 after purchasing an additional 19,353 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Price Performance

Shares of WSC opened at $34.27 on Tuesday. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 228.48, a price-to-earnings-growth ratio of 2.18 and a beta of 1.41. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.57 and a twelve month high of $48.52. 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 company has a 50 day moving average of $35.97 and a two-hundred day moving average of $36.97.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $602.52 million during 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%. As a group, analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.77 earnings per share for the current fiscal year.

WillScot Mobile Mini Announces Dividend

The business also recently declared a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is currently 186.67%.

Insiders Place Their Bets

In related news, insider Graeme Parkes sold 2,900 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 72,818 shares of the company’s stock, valued at $2,694,994.18. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

WSC has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and dropped their price objective for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Robert W. Baird dropped their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, Barclays lowered their target price on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.22.

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.