California Public Employees Retirement System Lowers Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

California Public Employees Retirement System lowered its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Impax Asset Management Group plc bought a new stake in shares of WillScot Mobile Mini during the fourth quarter valued at approximately $7,192,000. New York Life Investment Management LLC bought a new stake in WillScot Mobile Mini in the 4th quarter valued at $679,000. Geneva Capital Management LLC purchased a new stake in WillScot Mobile Mini in the 4th quarter worth $23,194,000. River Road Asset Management LLC boosted its holdings in shares of WillScot Mobile Mini by 14.7% during the 4th quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company’s stock valued at $54,081,000 after purchasing an additional 206,962 shares during the last quarter. Finally, TCW Group Inc. grew its position in shares of WillScot Mobile Mini by 20.1% during the fourth quarter. TCW Group Inc. now owns 46,436 shares of the company’s stock valued at $1,553,000 after purchasing an additional 7,763 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Down 8.1 %

Shares of WSC opened at $23.63 on Friday. The company’s fifty day simple moving average is $32.88 and its 200-day simple moving average is $35.42. The company has a market cap of $4.34 billion, a P/E ratio of 157.54, a P/E/G ratio of 2.18 and a beta of 1.25. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini Holdings Corp. has a twelve month low of $21.91 and a twelve month high of $44.50.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $602.52 million for the quarter, compared to the consensus estimate of $606.55 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. As a group, analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current year.

WillScot Mobile Mini Announces Dividend

The company also recently disclosed a — dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio (DPR) is currently 186.67%.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities analysts have weighed in on WSC shares. Barclays cut their price target on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday. Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Robert W. Baird lowered 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 report on Monday, March 10th. Finally, Oppenheimer reduced their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.00.

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.