WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 8.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,187 shares of the company’s stock after selling 1,780 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in WillScot Mobile Mini were worth $760,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in WSC. First Horizon Advisors Inc. increased its holdings in WillScot Mobile Mini by 30.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,836 shares of the company’s stock worth $69,000 after purchasing an additional 432 shares during the period. Arizona State Retirement System increased its stake in shares of WillScot Mobile Mini by 1.0% during the second quarter. Arizona State Retirement System now owns 53,184 shares of the company’s stock worth $2,002,000 after buying an additional 520 shares during the period. Park Place Capital Corp raised its holdings in WillScot Mobile Mini by 29.3% in the first quarter. Park Place Capital Corp now owns 2,354 shares of the company’s stock valued at $109,000 after acquiring an additional 534 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in WillScot Mobile Mini by 11.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company’s stock valued at $228,000 after acquiring an additional 624 shares in the last quarter. Finally, CWM LLC lifted its stake in WillScot Mobile Mini by 80.3% in the second quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after acquiring an additional 728 shares during the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WSC. DA Davidson reduced their price objective on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Stifel Nicolaus cut their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Barclays cut WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $50.00 to $44.00 in a research report on Thursday, September 19th. Bank of America decreased their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Oppenheimer cut their price target 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. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, WillScot Mobile Mini has an average rating of “Moderate Buy” and an average price target of $47.90.

Insider Activity at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the purchase, the chief executive officer now owns 149,686 shares of the company’s stock, valued at $5,833,263.42. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.30% of the stock is currently owned by insiders.

WillScot Mobile Mini Stock Performance

NASDAQ WSC opened at $39.62 on Thursday. The firm has a market cap of $7.47 billion, a P/E ratio of 24.46, a P/E/G ratio of 1.40 and a beta of 1.36. WillScot Mobile Mini Holdings Corp. has a 52-week low of $33.23 and a 52-week high of $52.16. The business’s 50-day moving average price is $38.27 and its 200 day moving average price is $39.61. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The company had revenue of $604.59 million during the quarter, compared to analysts’ expectations of $614.85 million. During the same quarter last year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

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.