Teacher Retirement System of Texas increased its position in shares of WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC – Get a rating) by 4.6% during the 1st quarter, according to its last 13F filing with the Securities and Exchange Commission (SEC). The company held 34,405 shares of the company after purchasing an additional 1,500 shares during the quarter. Teacher Retirement System of Texas’ holdings in WillScot Mobile Mini were worth $1,346,000 when it was last filed with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also been buying and selling stocks recently. State Street Corp increased its stake in WillScot Mobile Mini by 7.8% in Q4. State Street Corp now owns 4,094,250 shares of the company worth $167,209,000 after purchasing an additional 295,399 shares during the period. Geode Capital Management LLC increased its stake in WillScot Mobile Mini by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 3,755,826 shares of the company worth $153,387,000 after purchasing an additional 12,917 shares during the period. Invesco Ltd. increased its stake in WillScot Mobile Mini by 183.4% in Q4. Invesco Ltd. now owns 3,458,121 shares of the company worth $141,228,000 after purchasing an additional 2,237,714 shares during the period. Alliancebernstein LP increased its stake in WillScot Mobile Mini by 1,059.8% in Q4. Alliancebernstein LP now owns 2,823,698 shares of the company worth $115,320,000 after purchasing an additional 2,580,230 shares during the period. Finally, Riverbridge Partners LLC increased its stake in WillScot Mobile Mini by 10.1% in the 1st quarter. Riverbridge Partners LLC now owns 2,104,503 shares of the company worth $82,349,000 after purchasing an additional 192,243 shares during the period. 98.98% of the shares are held by institutional investors.
A Wall Street analyst gives his opinion
A number of stock analysts have recently commented on WSC shares. Morgan Stanley raised its price target on WillScot Mobile Mini from $46.00 to $50.00 and gave the stock an “overweight” rating in a Monday, August 8 report. Deutsche Bank Aktiengesellschaft raised its price target on WillScot Mobile Mini from $49.00 to $50.00 in a Monday, August 8 report. Finally, DA Davidson raised its price target on WillScot Mobile Mini to $50.00 in a Tuesday, August 9 report. Six investment analysts have rated the stock with a buy rating. According to data from MarketBeat, WillScot Mobile Mini currently has a consensus rating of “Buy” and an average target price of $47.83.
Insider activity
In other news, CEO Bradley Lee Soultz acquired 2,500 shares of the company in a transaction dated Wednesday, May 18. The shares were purchased at an average price of $34.20 per share, for a total transaction of $85,500.00. Following completion of the transaction, the CEO now directly owns 419,971 shares of the company, valued at approximately $14,363,008.20. The acquisition was disclosed in an SEC filing, which is available via this link. In related news, CEO Bradley Lee Soultz bought 2,500 shares of the company in a transaction that took place on Wednesday, May 18. The stock was purchased at an average price of $34.20 per share, for a total transaction of $85,500.00. Following completion of the transaction, the CEO now owns 419,971 shares of the company, valued at approximately $14,363,008.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Also, director Jeffrey Sagansky sold 100,000 shares of WillScot Mobile Mini in a trade dated Tuesday, August 9. The stock was sold at an average price of $41.36, for a total value of $4,136,000.00. Following completion of the transaction, the administrator now owns 2,646,812 shares of the company, valued at approximately $109,472,144.32. Disclosure of this sale can be found here. Insiders of the company own 2.80% of the shares of the company.
WillScot Mobile Mini is trading up 0.9%
Shares of WillScot Mobile Mini Stock opened at $43.54 on Tuesday. The company has a market capitalization of $9.69 billion, a price/earnings ratio of 38.88, a PEG ratio of 1.09 and a beta of 1.71. The company has a 50-day moving average price of $35.46 and a 200-day moving average price of $36.28. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt ratio of 1.70. WillScot Mobile Mini Holdings Corp. has a 12-month low of $26.44 and a 12-month high of $43.71.
WillScot Mobile Mini Company Profile
WillScot Mobile Mini Holdings Corp. provides workspaces and portable storage solutions in the United States, Canada, Mexico and the United Kingdom. The Company rents modular space and portable storage units to customers in commercial and industrial, construction, education, energy and natural resources, government and other end markets.
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