Treasurer of the State of North Carolina Has $2.63 Million Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Treasurer of the State of North Carolina cut its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 78,717 shares of the company’s stock after selling 1,980 shares during the quarter. Treasurer of the State of North Carolina’s holdings in WillScot Mobile Mini were worth $2,633,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Franklin Resources Inc. raised its position in WillScot Mobile Mini by 34.4% in the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company’s stock valued at $345,020,000 after buying an additional 2,639,559 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of WillScot Mobile Mini by 13.6% in the fourth quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company’s stock valued at $185,831,000 after purchasing an additional 664,805 shares during the last quarter. FMR LLC lifted its position in shares of WillScot Mobile Mini by 12.0% during the fourth quarter. FMR LLC now owns 5,554,101 shares of the company’s stock valued at $185,785,000 after purchasing an additional 595,063 shares in the last quarter. Swedbank AB boosted its holdings in WillScot Mobile Mini by 3.0% during the fourth quarter. Swedbank AB now owns 3,324,000 shares of the company’s stock worth $111,188,000 after purchasing an additional 98,000 shares during the last quarter. Finally, Norges Bank bought a new stake in WillScot Mobile Mini in the 4th quarter worth about $97,734,000. Institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Stock Down 4.2 %

WSC stock opened at $23.21 on Thursday. The stock has a fifty day moving average of $30.41 and a 200-day moving average of $34.44. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $21.91 and a fifty-two week high of $43.80. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 154.74, a PEG ratio of 2.18 and a beta of 1.25. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90.

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

WillScot Mobile Mini Dividend Announcement

The firm 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 is 186.67%.

Insider Buying and Selling at WillScot Mobile Mini

In other news, COO Timothy D. Boswell purchased 5,000 shares of the stock in a transaction dated 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 acquisition, the chief operating officer now owns 34,156 shares in the company, valued at $995,305.84. This represents a 17.15 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Erik Olsson sold 110,307 shares of the firm’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 transaction 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. This trade represents a 14.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WSC shares. Robert W. Baird cut their target price on WillScot Mobile Mini from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. Morgan Stanley cut their price objective on WillScot Mobile Mini from $50.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday. Barclays decreased their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, April 4th. Finally, Oppenheimer cut their price target 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.50.

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.