WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by Strs Ohio

Strs Ohio lowered its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 22.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 124,400 shares of the company’s stock after selling 37,000 shares during the quarter. Strs Ohio’s holdings in WillScot Mobile Mini were worth $5,535,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. WCM Investment Management LLC raised its holdings in shares of WillScot Mobile Mini by 9.4% during the fourth quarter. WCM Investment Management LLC now owns 409,694 shares of the company’s stock valued at $18,412,000 after acquiring an additional 35,088 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of WillScot Mobile Mini during the fourth quarter valued at approximately $725,000. Yorktown Management & Research Co Inc acquired a new position in shares of WillScot Mobile Mini during the fourth quarter valued at approximately $334,000. International Assets Investment Management LLC raised its holdings in shares of WillScot Mobile Mini by 4,397.7% during the fourth quarter. International Assets Investment Management LLC now owns 33,598 shares of the company’s stock valued at $1,495,000 after acquiring an additional 32,851 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of WillScot Mobile Mini by 60.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 13,159 shares of the company’s stock valued at $586,000 after acquiring an additional 4,950 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft increased their price target on WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Morgan Stanley assumed coverage on WillScot Mobile Mini in a report on Monday, January 8th. They issued an “equal weight” rating and a $45.00 price target for the company. Jefferies Financial Group cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price target for the company from $58.00 to $42.00 in a report on Monday, April 1st. Finally, Oppenheimer increased their price target on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $52.38.

WillScot Mobile Mini Trading Down 1.9 %

Shares of WillScot Mobile Mini stock opened at $37.98 on Friday. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 0.91 and a beta of 1.34. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $34.40 and a fifty-two week high of $52.16. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.93 and a current ratio of 1.01. The stock has a 50 day moving average of $46.06 and a 200 day moving average of $43.32.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The business had revenue of $612.38 million during the quarter, compared to analysts’ expectations of $619.63 million. WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 earnings per share. As a group, research analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.98 earnings per share for the current year.

Insider Transactions at WillScot Mobile Mini

In other news, Director Jeffrey Sagansky sold 75,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the completion of the transaction, the director now directly owns 2,420,905 shares in the company, valued at $114,992,987.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Jeffrey Sagansky sold 75,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the completion of the transaction, the director now directly owns 2,420,905 shares in the company, valued at $114,992,987.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $47.76 per share, with a total value of $238,800.00. Following the completion of the transaction, the chief executive officer now owns 13,869 shares of the company’s stock, valued at $662,383.44. The disclosure for this purchase can be found here. Company insiders own 3.10% of the company’s stock.

WillScot Mobile Mini Company Profile

WillScot Mobile Mini Holdings Corp. 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.