California Public Employees Retirement System Has $16.68 Million Position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

California Public Employees Retirement System decreased its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 374,896 shares of the company’s stock after selling 9,296 shares during the quarter. California Public Employees Retirement System’s holdings in WillScot Mobile Mini were worth $16,683,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearbridge Investments LLC boosted its stake in WillScot Mobile Mini by 1.3% in the 3rd quarter. Clearbridge Investments LLC now owns 5,609,388 shares of the company’s stock valued at $233,294,000 after buying an additional 73,119 shares in the last quarter. Trust Point Inc. bought a new position in shares of WillScot Mobile Mini during the fourth quarter valued at $1,017,000. Citigroup Inc. boosted its stake in shares of WillScot Mobile Mini by 233.8% in the 3rd quarter. Citigroup Inc. now owns 88,896 shares of the company’s stock valued at $3,697,000 after purchasing an additional 62,262 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of WillScot Mobile Mini by 252.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 65,429 shares of the company’s stock valued at $2,912,000 after purchasing an additional 46,866 shares in the last quarter. Finally, Osborne Partners Capital Management LLC bought a new stake in shares of WillScot Mobile Mini in the 4th quarter worth about $6,306,000. 95.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

WSC has been the subject of several analyst reports. Stifel Nicolaus cut their price target on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, April 4th. 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 target price on the stock. Robert W. Baird decreased their price target on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. Wells Fargo & Company lifted their price objective on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Finally, Oppenheimer increased their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and an average target price of $51.13.

WillScot Mobile Mini Stock Performance

WSC stock opened at $39.15 on Tuesday. The company has a 50 day moving average price of $44.35 and a 200 day moving average price of $43.18. 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 current ratio of 1.01 and a quick ratio of 0.93. The stock has a market capitalization of $7.44 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34.

WillScot Mobile Mini (NASDAQ:WSC) last released its earnings results on Tuesday, February 20th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.09). WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. The firm had revenue of $612.38 million during the quarter, compared to analyst estimates of $619.63 million. During the same period last year, the business posted $0.46 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. Analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.98 EPS for the current year.

About WillScot Mobile Mini

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.