The Maryland State Retirement & Pension System acquired a new stake in WillScot Mobile Mini Holdings Corp during the fourth quarter. (NASDAQ:WSC – Get Rating), the company said in its most recent filing with the Securities and Exchange Commission (SEC). The company purchased 16,675 shares of the company’s stock for approximately $753,000.
Other hedge funds and other institutional investors have also recently changed their positions in the company. Clearbridge Investments LLC increased its stake in WillScot Mobile Mini by 5.2% during the first quarter. Clearbridge Investments LLC now owns 6,426,334 shares of the company’s shares valued at $251,462,000 after purchasing an additional 316,845 shares last quarter. Eminence Capital LP increased its stake in WillScot Mobile Mini by 3.0% during the second quarter. Eminence Capital LP now owns 5,004,235 shares of the company’s shares valued at $162,237,000 after purchasing an additional 144,826 shares last quarter. invesco ltd increased its stake in WillScot Mobile Mini by 37.3% in the first quarter. invesco ltd now owns 4,749,059 shares of the Company’s shares valued at $185,829,000 after purchasing an additional 1,290,938 shares last quarter. State Street Corp increased its stake in WillScot Mobile Mini by 2.7% during the first quarter. State Street Corp now owns 4,206,716 shares of the company’s stock valued at $164,609,000 after purchasing an additional 112,466 shares last quarter. Finally, DF Dent & Co. Inc. increased its stake in WillScot Mobile Mini stock by 0.4% during the second quarter. DF Dent & Co. Inc. now owns 3,893,112 shares of the company’s stock valued at $126,215,000 after purchasing an additional 14,112 shares last quarter. Institutional investors and hedge funds own 97.25% of the company’s shares.
Insider buying and selling at WillScot Mobile Mini
In other WillScot Mobile Mini news, on Monday, February 27, Director Erika T. Davis acquired 2,950 shares of WillScot Mobile Mini in a transaction. The shares were purchased at an average price of $50.65 per share for a total value of $149,417.50. Upon completion of the transaction, the Director now directly owns 6,313 shares of the Company, valued at approximately $319,753.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini in a transaction on Monday, February 27th. The shares were purchased at an average price of $50.47 per share for a total value of $252,350.00. Following the closing of the transaction, the Chief Executive Officer now directly owns 10,000 shares of the company, valued at approximately $504,700. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. In addition, Director Erika T. Davis purchased 2,950 shares of WillScot Mobile Mini in a transaction on Monday, February 27th. The shares were purchased at an average price of $50.65 per share for a total transaction of $149,417.50. Upon completion of the transaction, the Director now owns 6,313 shares of the Company, valued at approximately $319,753.45. The disclosure for this purchase can be found here. 2.80% of the shares are currently owned by company insiders.
WillScot Mobile Mini value for money
WSC opened at $46.29 on Friday. The company’s 50-day simple moving average is $48.93 and its 200-day simple moving average is $45.97. The company has a debt to equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.93. WillScot Mobile Mini Holdings Corp. has a 1-year low of $30.52 and a 1-year high of $53.46. The stock has a market cap of $9.53 billion, a P/E of 30.26, a P/E of 1.46, and a beta of 1.52.
WillScot Mobile Mini (NASDAQ:WSC – Get Rating) last announced its quarterly results on Tuesday, February 21st. The company reported earnings per share of $0.46 for the quarter, beating analysts’ consensus estimate of $0.42 by $0.04. The company had revenue of $590.55 million for the quarter, compared to analysts’ expectations of $587.95 million. WillScot Mobile Mini had a net margin of 14.86% and a return on equity of 17.71%. As a group, sell-side analysts expect WillScot Mobile Mini Holdings Corp. will post 1.75 EPS for the current year.
Analyst upgrades and downgrades
A number of brokers have recently commented on the WSC. Oppenheimer raised its price target on WillScot Mobile Mini shares to $53.00 from $51.00 and gave the stock a “Outperform” rating in a report on Thursday, February 23. William Blair began covering WillScot Mobile Mini shares in a report on Wednesday, February 8th. They give the company an “Outperform” rating. Morgan Stanley lowered its target price on WillScot Mobile Mini shares to $60.00 from $62.00 and gave the company an “Overweight” rating in a report Tuesday, February 14. Robert W. Baird raised his target price on WillScot Mobile Mini shares to $60.00 from $53.00 and gave the stock an outperform rating in a report dated Thursday, February 23. Finally, Barclays raised its price target on WillScot Mobile Mini shares to $55.00 from $50.00 and gave the stock an overweight rating in a report on Friday, December 2nd. Six research analysts have given the stock a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $54.67.
About WillScot Mobile Mini (receive review)
WillScot Mobile Mini Holdings Corp. offers modular and portable storage services. The Company offers furniture rental, transportation and logistics, warehousing and facility services, and commercial real estate services. It provides turnkey office space and storage solutions for temporary applications in the commercial and industrial, construction, retail, education, healthcare, government, transportation, security and energy sectors.
Continue reading
Want to see what other hedge funds are holding WSC? Visit HoldingsChannel.com for the latest 13F filings and insider trading for WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating).
This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected].
Hear this before you consider WillScot Mobile Mini.
MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and WillScot Mobile Mini wasn’t on the list.
While WillScot Mobile Mini is currently rated a Buy by analysts, top analysts believe these five stocks are better buys.
Check out the five stocks here
