State of New Jersey Common Pension Fund D Acquires 1,220 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

State of New Jersey Common Pension Fund D grew its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 1.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 65,320 shares of the company’s stock after purchasing an additional 1,220 shares during the period. State of New Jersey Common Pension Fund D’s holdings in WillScot Mobile Mini were worth $2,456,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new stake in WillScot Mobile Mini in the 3rd quarter valued at $25,000. Hexagon Capital Partners LLC grew its position in WillScot Mobile Mini by 200.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after purchasing an additional 600 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in WillScot Mobile Mini in the 3rd quarter valued at about $36,000. Summit Securities Group LLC bought a new position in shares of WillScot Mobile Mini during the 2nd quarter worth approximately $56,000. Finally, CWM LLC lifted its position in shares of WillScot Mobile Mini by 80.3% during the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after buying an additional 728 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

WillScot Mobile Mini Stock Performance

NASDAQ WSC opened at $36.96 on Thursday. The company’s 50 day moving average is $37.98 and its 200-day moving average is $38.27. The firm has a market cap of $6.83 billion, a P/E ratio of 336.00, a price-to-earnings-growth ratio of 2.28 and a beta of 1.37. WillScot Mobile Mini Holdings Corp. has a 12-month low of $32.71 and a 12-month high of $52.16. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). The company had revenue of $601.43 million for the quarter, compared to analysts’ expectations of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. Sell-side analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Insider Buying and Selling at WillScot Mobile Mini

In related news, EVP Hezron T. Lopez sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.38, for a total transaction of $787,600.00. Following the sale, the executive vice president now owns 57,918 shares of the company’s stock, valued at approximately $2,280,810.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was purchased at an average price of $36.38 per share, for a total transaction of $181,900.00. Following the transaction, the chief executive officer now owns 144,686 shares in the company, valued at $5,263,676.68. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Hezron T. Lopez sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of the transaction, the executive vice president now owns 57,918 shares in the company, valued at approximately $2,280,810.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Robert W. Baird decreased their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus cut their price target on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Barclays decreased their price objective on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Finally, Oppenheimer dropped their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Six investment 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.00.

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.