Teachers Retirement System of The State of Kentucky Increases Stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Teachers Retirement System of The State of Kentucky grew its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 15.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,166 shares of the company’s stock after acquiring an additional 6,286 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in WillScot Mobile Mini were worth $1,773,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of WillScot Mobile Mini during the 3rd quarter valued at approximately $25,000. Hexagon Capital Partners LLC boosted its position in shares of WillScot Mobile Mini by 200.0% in the third quarter. Hexagon Capital Partners LLC now owns 900 shares of the company’s stock worth $34,000 after purchasing an additional 600 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of WillScot Mobile Mini in the third quarter worth $36,000. Summit Securities Group LLC bought a new stake in shares of WillScot Mobile Mini during the 2nd quarter valued at $56,000. Finally, CWM LLC lifted its stake in shares of WillScot Mobile Mini by 80.3% during the 2nd quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $62,000 after buying an additional 728 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

WillScot Mobile Mini Trading Up 0.2 %

WSC stock opened at $35.20 on Tuesday. The firm has a market cap of $6.50 billion, a PE ratio of 320.00, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The firm has a fifty day moving average price of $37.30 and a 200 day moving average price of $37.89. 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 Holdings Corp. has a fifty-two week low of $32.71 and a fifty-two week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The business had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. During the same quarter last year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current fiscal year.

Insider Buying and Selling at WillScot Mobile Mini

In other news, insider Graeme Parkes sold 2,900 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the sale, the insider now owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerard E. Holthaus bought 5,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was purchased at an average price of $34.99 per share, with a total value of $174,950.00. Following the acquisition, the director now directly owns 411,221 shares in the company, valued at approximately $14,388,622.79. The trade was a 1.23 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 20,000 shares of company stock worth $728,750 and have sold 36,959 shares worth $1,382,636. Company insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WSC shares. Baird R W lowered WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Barclays decreased their target price on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Robert W. Baird dropped their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price objective for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, WillScot Mobile Mini currently has an average rating of “Hold” and an average price target of $45.00.

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.