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

Teachers Retirement System of The State of Kentucky increased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 7.8% in the second quarter, Holdings Channel.com reports. The fund owned 40,880 shares of the company’s stock after buying an additional 2,960 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in WillScot Mobile Mini were worth $1,539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WSC. Baupost Group LLC MA acquired a new stake in WillScot Mobile Mini in the 2nd quarter worth approximately $92,971,000. William Blair Investment Management LLC increased its position in WillScot Mobile Mini by 102.9% during the second quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company’s stock worth $174,796,000 after purchasing an additional 2,355,445 shares during the last quarter. Boston Partners grew its holdings in shares of WillScot Mobile Mini by 66.0% during the 1st quarter. Boston Partners now owns 5,434,288 shares of the company’s stock worth $251,118,000 after purchasing an additional 2,159,958 shares during the period. Capital Research Global Investors lifted its holdings in shares of WillScot Mobile Mini by 112.0% in the 1st quarter. Capital Research Global Investors now owns 3,906,011 shares of the company’s stock worth $181,630,000 after acquiring an additional 2,063,746 shares during the last quarter. Finally, Jackson Square Partners LLC purchased a new position in WillScot Mobile Mini in the 1st quarter valued at approximately $55,507,000. 95.81% of the stock is owned by institutional investors.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was purchased at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the transaction, the chief executive officer now directly owns 149,686 shares of the company’s stock, valued at $5,833,263.42. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WSC has been the topic of several recent analyst reports. Oppenheimer dropped their price target on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Bank of America dropped their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Barclays downgraded shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $50.00 to $44.00 in a report on Thursday, September 19th. Stifel Nicolaus decreased their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, DA Davidson reduced their price target on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.90.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ:WSC opened at $37.59 on Friday. The stock has a market capitalization of $7.09 billion, a P/E ratio of 23.20, a P/E/G ratio of 1.20 and a beta of 1.35. WillScot Mobile Mini Holdings Corp. has a 1-year low of $33.23 and a 1-year high of $52.16. The business has a 50-day moving average price of $37.75 and a two-hundred day moving average price of $39.27. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 2.88.

WillScot Mobile Mini (NASDAQ:WSC) last issued its earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The business had revenue of $604.59 million for the quarter, compared to the consensus estimate of $614.85 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. Equities analysts predict that WillScot Mobile Mini Holdings Corp. will post 1.76 earnings per share for the current year.

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.