Ensign Peak Advisors Inc Raises Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Posted by Defense World Staff on Mar 10th, 2023

Ensign Peak Advisors Inc boosted its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) by 220.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,500 shares of the company’s stock after buying an additional 34,030 shares during the period. Ensign Peak Advisors Inc’s holdings in WillScot Mobile Mini were worth $1,996,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Clearbridge Investments LLC boosted its position in WillScot Mobile Mini by 5.2% in the 1st quarter. Clearbridge Investments LLC now owns 6,426,334 shares of the company’s stock worth $251,462,000 after purchasing an additional 316,845 shares in the last quarter. Eminence Capital LP boosted its position in WillScot Mobile Mini by 3.0% in the 2nd quarter. Eminence Capital LP now owns 5,004,235 shares of the company’s stock worth $162,237,000 after purchasing an additional 144,826 shares in the last quarter. Invesco Ltd. boosted its position in WillScot Mobile Mini by 37.3% in the 1st quarter. Invesco Ltd. now owns 4,749,059 shares of the company’s stock worth $185,829,000 after purchasing an additional 1,290,938 shares in the last quarter. State Street Corp boosted its position in WillScot Mobile Mini by 2.7% in the 1st quarter. State Street Corp now owns 4,206,716 shares of the company’s stock worth $164,609,000 after purchasing an additional 112,466 shares in the last quarter. Finally, DF Dent & Co. Inc. boosted its position in WillScot Mobile Mini by 0.4% in the 2nd quarter. DF Dent & Co. Inc. now owns 3,893,112 shares of the company’s stock worth $126,215,000 after purchasing an additional 14,112 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Insider Activity at WillScot Mobile Mini

In other news, Director Erika T. Davis acquired 2,950 shares of WillScot Mobile Mini stock in a transaction that occurred on Monday, February 27th. The stock was purchased at an average cost of $50.65 per share, with a total value of $149,417.50. Following the purchase, the director now owns 6,313 shares in the company, valued at $319,753.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Erika T. Davis acquired 2,950 shares of WillScot Mobile Mini stock in a transaction that occurred on Monday, February 27th. The stock was purchased at an average cost of $50.65 per share, with a total value of $149,417.50. Following the purchase, the director now owns 6,313 shares in the company, valued at $319,753.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Bradley Lee Soultz acquired 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Monday, February 27th. The stock was purchased at an average cost of $50.47 per share, with a total value of $252,350.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares in the company, valued at approximately $504,700. The disclosure for this purchase can be found here. 2.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WSC has been the topic of several recent research reports. William Blair initiated coverage on WillScot Mobile Mini in a research report on Wednesday, February 8th. They issued an “outperform” rating on the stock. Oppenheimer upped their price objective on WillScot Mobile Mini from $51.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. Barclays increased their target price on WillScot Mobile Mini from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, December 2nd. Robert W. Baird increased their target price on WillScot Mobile Mini from $53.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. Finally, Morgan Stanley decreased their target price on WillScot Mobile Mini from $62.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 14th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, WillScot Mobile Mini has a consensus rating of “Buy” and a consensus price target of $54.67.

WillScot Mobile Mini Trading Down 2.7 %

Shares of NASDAQ:WSC opened at $51.28 on Friday. WillScot Mobile Mini Holdings Corp. has a 1 year low of $30.52 and a 1 year high of $53.46. The firm has a market capitalization of $10.55 billion, a price-to-earnings ratio of 33.52, a price-to-earnings-growth ratio of 1.71 and a beta of 1.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.93 and a quick ratio of 0.85. The business’s 50 day moving average price is $48.64 and its 200-day moving average price is $45.41.

WillScot Mobile Mini Profile

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WillScot Mobile Mini Holdings Corp. provides modular and portable storage services. The firm offers furniture rental, transportation and logistics, storage & facilities services and commercial real estate services. It offers turnkey office space and storage solutions for temporary applications in the commercial and industrial, construction, retail, education, health care, government, transportation, security and energy sectors.