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

Teachers Retirement System of The State of Kentucky reduced its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 27.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,223 shares of the company's stock after selling 12,943 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in WillScot Mobile Mini were worth $1,145,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WSC. Franklin Resources Inc. boosted its holdings in shares of WillScot Mobile Mini by 34.4% in the 4th quarter. Franklin Resources Inc. now owns 10,314,494 shares of the company's stock valued at $345,020,000 after purchasing an additional 2,639,559 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of WillScot Mobile Mini by 13.6% in the 4th quarter. William Blair Investment Management LLC now owns 5,555,481 shares of the company's stock worth $185,831,000 after buying an additional 664,805 shares during the period. FMR LLC boosted its holdings in WillScot Mobile Mini by 12.0% in the fourth quarter. FMR LLC now owns 5,554,101 shares of the company's stock valued at $185,785,000 after acquiring an additional 595,063 shares during the last quarter. Capital International Investors grew its position in WillScot Mobile Mini by 20.3% during the fourth quarter. Capital International Investors now owns 5,307,738 shares of the company's stock valued at $177,544,000 after acquiring an additional 897,184 shares during the period. Finally, Swedbank AB increased its stake in WillScot Mobile Mini by 3.0% during the fourth quarter. Swedbank AB now owns 3,324,000 shares of the company's stock worth $111,188,000 after acquiring an additional 98,000 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Oppenheimer decreased their target price on WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Robert W. Baird decreased their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Morgan Stanley cut their target price on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Barclays decreased their price target on shares of WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.50.

Insider Activity at WillScot Mobile Mini

In other news, COO Timothy D. Boswell bought 5,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $29.14 per share, for a total transaction of $145,700.00. Following the transaction, the chief operating officer now owns 34,156 shares in the company, valued at $995,305.84. The trade was a 17.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Erik Olsson sold 110,307 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $30.19, for a total value of $3,330,168.33. Following the transaction, the director now owns 626,306 shares in the company, valued at $18,908,178.14. This trade represents a 14.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.

WillScot Mobile Mini Stock Performance

WillScot Mobile Mini stock opened at $25.08 on Monday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The firm's fifty day moving average price is $28.40 and its 200 day moving average price is $33.73. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 167.21, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. WillScot Mobile Mini Holdings Corp. has a 12-month low of $21.91 and a 12-month high of $43.80.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The business had revenue of $602.52 million for the quarter, compared to analysts' expectations of $606.55 million. On average, research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.77 EPS for the current fiscal year.

WillScot Mobile Mini Dividend Announcement

The business also recently declared a -- dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. WillScot Mobile Mini's dividend payout ratio (DPR) is presently 186.67%.

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.

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