WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Position Boosted by Retirement Systems of Alabama

Retirement Systems of Alabama grew its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 7.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,985 shares of the company’s stock after purchasing an additional 9,159 shares during the period. Retirement Systems of Alabama owned about 0.07% of WillScot Mobile Mini worth $4,699,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in WillScot Mobile Mini in the 3rd quarter worth about $25,000. Hexagon Capital Partners LLC increased its holdings in 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 buying an additional 600 shares during the last quarter. Financial Management Professionals Inc. bought a new position in WillScot Mobile Mini during the third quarter valued at approximately $36,000. Summit Securities Group LLC acquired a new stake in WillScot Mobile Mini in the second quarter valued at approximately $56,000. Finally, First Horizon Advisors Inc. grew its position in WillScot Mobile Mini by 30.8% in the second quarter. First Horizon Advisors Inc. now owns 1,836 shares of the company’s stock worth $69,000 after acquiring an additional 432 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at WillScot Mobile Mini

In related news, EVP Hezron T. Lopez sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.38, for a total transaction of $787,600.00. Following the completion of the transaction, the executive vice president now owns 57,918 shares in the company, valued at $2,280,810.84. This trade represents a 25.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction on Monday, November 4th. The stock was bought at an average price of $36.38 per share, for a total transaction of $181,900.00. Following the completion of the transaction, the chief executive officer now directly owns 144,686 shares of the company’s stock, valued at approximately $5,263,676.68. This trade represents a 3.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 15,000 shares of company stock valued at $533,900 and have sold 36,959 shares valued at $1,382,636. Insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Stock Down 3.7 %

WSC stock opened at $32.93 on Friday. WillScot Mobile Mini Holdings Corp. has a twelve month low of $32.71 and a twelve month high of $52.16. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 3.42. The company 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 business’s 50-day simple moving average is $37.14 and its 200 day simple moving average is $37.78.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). The firm had revenue of $601.43 million for the quarter, compared to analyst estimates of $617.83 million. WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. WillScot Mobile Mini’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 EPS. On average, research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on WSC shares. Morgan Stanley upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $40.00 to $50.00 in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and reduced their price target for the stock from $46.00 to $35.00 in a research report on Thursday, October 31st. Barclays lowered their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Robert W. Baird reduced their target price on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, WillScot Mobile Mini has a consensus rating of “Moderate Buy” and an average price target of $45.50.

WillScot Mobile Mini 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.