WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 333,759 shares of the company's stock after selling 25,580 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of WillScot Mobile Mini worth $11,164,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its stake in WillScot Mobile Mini by 9.6% during the third quarter. The Manufacturers Life Insurance Company now owns 47,437 shares of the company's stock worth $1,784,000 after purchasing an additional 4,140 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its stake in WillScot Mobile Mini by 7.5% during the third quarter. Chevy Chase Trust Holdings LLC now owns 26,070 shares of the company's stock worth $980,000 after purchasing an additional 1,809 shares during the last quarter. HighTower Advisors LLC lifted its stake in WillScot Mobile Mini by 13.7% during the third quarter. HighTower Advisors LLC now owns 32,686 shares of the company's stock worth $1,237,000 after purchasing an additional 3,942 shares during the last quarter. Janus Henderson Group PLC lifted its stake in WillScot Mobile Mini by 4.4% during the third quarter. Janus Henderson Group PLC now owns 147,175 shares of the company's stock worth $5,535,000 after purchasing an additional 6,262 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in WillScot Mobile Mini by 21.7% during the third quarter. Quantinno Capital Management LP now owns 9,420 shares of the company's stock worth $354,000 after purchasing an additional 1,681 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on WSC shares. Morgan Stanley upgraded shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $40.00 to $50.00 in a research note on Tuesday, December 17th. Robert W. Baird reduced their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Barclays reduced their price objective on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Finally, Oppenheimer reduced their price objective on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, WillScot Mobile Mini currently has an average rating of "Moderate Buy" and an average target price of $42.00.

WillScot Mobile Mini Price Performance

NASDAQ:WSC traded down $1.55 during mid-day trading on Thursday, hitting $24.86. 605,474 shares of the company's stock traded hands, compared to its average volume of 2,690,168. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The firm's 50 day simple moving average is $31.61 and its 200 day simple moving average is $34.93. WillScot Mobile Mini Holdings Corp. has a 1 year low of $21.91 and a 1 year high of $43.80. The company has a market cap of $4.56 billion, a PE ratio of 166.11, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 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 the consensus estimate of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. Sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The business also recently announced a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio is presently 186.67%.

Insider Buying and Selling

In other WillScot Mobile Mini news, COO Timothy D. Boswell purchased 5,000 shares of WillScot Mobile Mini stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the transaction, the chief operating officer now directly owns 34,156 shares in the company, valued at approximately $995,305.84. This represents a 17.15 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erik Olsson sold 110,307 shares of WillScot Mobile Mini stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the transaction, the director now directly owns 626,306 shares in the company, valued at approximately $18,908,178.14. This trade represents a 14.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company's stock.

WillScot Mobile Mini Company 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.