Retirement Systems of Alabama Purchases 8,656 Shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Retirement Systems of Alabama grew its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by 8.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,826 shares of the company’s stock after buying an additional 8,656 shares during the period. Retirement Systems of Alabama owned approximately 0.06% of WillScot Mobile Mini worth $4,360,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new position in shares of WillScot Mobile Mini in the fourth quarter valued at about $38,000. TFO Wealth Partners LLC increased its holdings in shares of WillScot Mobile Mini by 6,578.6% during the fourth quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock worth $42,000 after purchasing an additional 921 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of WillScot Mobile Mini in the first quarter valued at approximately $55,000. Principal Securities Inc. bought a new stake in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $71,000. Finally, CWM LLC grew its position in WillScot Mobile Mini by 80.3% during the second quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $62,000 after buying an additional 728 shares in the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Mobile Mini Price Performance

WSC stock opened at $39.25 on Tuesday. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 1.31 and a beta of 1.38. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. The company has a 50 day simple moving average of $38.00 and a 200 day simple moving average of $41.11. WillScot Mobile Mini Holdings Corp. has a 1 year low of $33.23 and a 1 year high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.39 earnings per share (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 company had revenue of $604.59 million for the quarter, compared to analyst estimates of $614.85 million. During the same quarter last year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Research analysts anticipate that WillScot Mobile Mini Holdings Corp. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Stifel Nicolaus dropped their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Oppenheimer dropped their price target on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Barclays reduced their price objective on shares of WillScot Mobile Mini from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Bank of America decreased their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, DA Davidson cut their price target on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.50.

About WillScot Mobile Mini

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.