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

Teachers Retirement System of The State of Kentucky cut its position in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 27.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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.

A number of other institutional investors have also added to or reduced their stakes in WSC. Impax Asset Management Group plc bought a new stake in shares of WillScot Mobile Mini during the fourth quarter worth about $7,192,000. New York Life Investment Management LLC purchased a new stake in shares of WillScot Mobile Mini in the fourth quarter worth approximately $679,000. Geneva Capital Management LLC bought a new position in shares of WillScot Mobile Mini in the fourth quarter valued at approximately $23,194,000. River Road Asset Management LLC grew its holdings in WillScot Mobile Mini by 14.7% during the fourth quarter. River Road Asset Management LLC now owns 1,616,765 shares of the company's stock worth $54,081,000 after buying an additional 206,962 shares in the last quarter. Finally, TCW Group Inc. raised its position in WillScot Mobile Mini by 20.1% in the 4th quarter. TCW Group Inc. now owns 46,436 shares of the company's stock valued at $1,553,000 after buying an additional 7,763 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

WillScot Mobile Mini Stock Performance

Shares of NASDAQ WSC traded up $1.67 during trading on Friday, reaching $27.30. 3,480,587 shares of the stock traded hands, compared to its average volume of 2,716,979. 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 stock has a market capitalization of $5.01 billion, a P/E ratio of 182.01, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. WillScot Mobile Mini Holdings Corp. has a 52-week low of $21.91 and a 52-week high of $43.80. The company has a 50-day moving average of $27.34 and a 200-day moving average of $33.37.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.04). WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. The business had revenue of $559.55 million for the quarter, compared to the consensus estimate of $555.51 million. During the same quarter in the prior year, the business earned $0.29 EPS. WillScot Mobile Mini's revenue for the quarter was down 4.7% compared to the same quarter last year. 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 announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.28 annualized dividend and a dividend yield of 1.03%. WillScot Mobile Mini's dividend payout ratio is currently 311.11%.

Analyst Ratings Changes

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

Insider Transactions at WillScot Mobile Mini

In related news, Director Erik Olsson sold 110,307 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the completion of the transaction, the director now owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. The trade was a 14.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Timothy D. Boswell bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $29.14 per share, for a total transaction of $145,700.00. Following the acquisition, the chief operating officer now directly owns 34,156 shares in the company, valued at $995,305.84. This trade represents a 17.15 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company's stock.

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.