New York State Common Retirement Fund Decreases Stock Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

New York State Common Retirement Fund decreased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,066 shares of the company’s stock after selling 5,500 shares during the period. New York State Common Retirement Fund owned about 0.05% of WillScot Mobile Mini worth $3,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Carnegie Lake Advisors LLC lifted its position in shares of WillScot Mobile Mini by 0.5% during the 4th quarter. Carnegie Lake Advisors LLC now owns 54,580 shares of the company’s stock valued at $1,826,000 after buying an additional 280 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of WillScot Mobile Mini by 16.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock valued at $80,000 after buying an additional 302 shares in the last quarter. KBC Group NV lifted its position in shares of WillScot Mobile Mini by 14.7% during the 3rd quarter. KBC Group NV now owns 5,110 shares of the company’s stock valued at $192,000 after buying an additional 655 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of WillScot Mobile Mini by 4.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 20,210 shares of the company’s stock valued at $760,000 after buying an additional 936 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of WillScot Mobile Mini by 1.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 65,320 shares of the company’s stock valued at $2,456,000 after buying an additional 1,220 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Up 0.3 %

Shares of WSC opened at $32.95 on Friday. WillScot Mobile Mini Holdings Corp. has a 52-week low of $32.57 and a 52-week high of $48.52. The company has a market capitalization of $6.09 billion, a PE ratio of 219.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.41. The stock has a fifty day simple moving average of $35.88 and a two-hundred day simple moving average of $36.91. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42.

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

WillScot Mobile Mini Dividend Announcement

The business also recently announced a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio (DPR) is presently 186.67%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Barclays reduced their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, WillScot Mobile Mini currently has an average rating of “Moderate Buy” and an average target price of $44.22.

Insiders Place Their Bets

In related news, insider Graeme Parkes sold 2,900 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the completion of the sale, the insider now directly owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

WillScot Mobile Mini 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.