Retirement Systems of Alabama Purchases 9,159 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Retirement Systems of Alabama increased its holdings in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 7.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,985 shares of the company’s stock after acquiring an additional 9,159 shares during the period. Retirement Systems of Alabama’s holdings in WillScot Mobile Mini were worth $4,699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. grew its holdings in shares of WillScot Mobile Mini by 16.4% during the third quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company’s stock worth $80,000 after purchasing an additional 302 shares during the last quarter. Salvus Wealth Management LLC grew its holdings in WillScot Mobile Mini by 1.0% during the 3rd quarter. Salvus Wealth Management LLC now owns 47,830 shares of the company’s stock worth $1,798,000 after acquiring an additional 485 shares during the last quarter. Arizona State Retirement System increased its position in WillScot Mobile Mini by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 53,184 shares of the company’s stock valued at $2,002,000 after acquiring an additional 520 shares in the last quarter. Hexagon Capital Partners LLC raised its stake 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 acquiring an additional 600 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of WillScot Mobile Mini by 11.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,242 shares of the company’s stock worth $228,000 after purchasing an additional 624 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WSC has been the subject of a number of research reports. Robert W. Baird lowered their price target on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Morgan Stanley upgraded WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $40.00 to $50.00 in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price target for the company from $46.00 to $35.00 in a report on Thursday, October 31st. Barclays dropped their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Finally, Baird R W lowered shares of WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, WillScot Mobile Mini currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

WillScot Mobile Mini Stock Performance

Shares of WSC stock opened at $32.93 on Friday. The stock has a market cap of $6.08 billion, a PE ratio of 299.39, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The stock has a 50-day moving average of $37.14 and a 200-day moving average of $37.78. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. WillScot Mobile Mini Holdings Corp. has a one year low of $32.71 and a one year high of $52.16.

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

Insider Buying and Selling

In related news, insider Graeme Parkes sold 2,900 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $37.01, for a total transaction of $107,329.00. Following the completion of the sale, the insider now directly owns 72,818 shares of the company’s stock, valued at approximately $2,694,994.18. This represents a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sally J. Shanks sold 14,059 shares of WillScot Mobile Mini stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.69, for a total transaction of $487,706.71. Following the completion of the transaction, the chief accounting officer now directly owns 26,113 shares in the company, valued at approximately $905,859.97. The trade was a 35.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 15,000 shares of company stock valued at $533,900 and have sold 36,959 shares valued at $1,382,636. 3.30% of the stock is currently owned by company insiders.

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.